Bitcoin's Sudden Drop Below $87,000

In a surprising turn of events, Bitcoin has extended its losses, slipping below the $87,000 mark for the first time since November 14, 2024. This significant drop comes amidst growing concerns over the economic implications of President Donald Trump's rapidly advancing tariff agenda, which has left investors wary of the potential for increased market volatility.

The Impact of Recent Events on Cryptocurrency Markets

Adding to the market's unease, the cryptocurrency community is still reeling from a massive hacker attack on the Bybit exchange. The breach resulted in the theft of over $1.5 billion in Ethereum, further shaking investor confidence in the security and stability of digital currencies.

Market Reactions and Future Outlook

As of 5:23 am ET, Bitcoin experienced a 5.16% drop, trading at $86,796, while Ethereum saw a 6.25% decrease, selling for $2,356 at 5:26 am ET. These developments have left many questioning the future of cryptocurrency investments amidst such unpredictable market conditions.