Bitcoin Nosedives Below $87,000 As Entire Crypto Market Sheds 10%

Bitcoin declined sharply below $87,000 during the late hours of Tuesday as all cryptocurrencies took massive hits to wipe out billions from the market in a matter of hours. The flagship coin’s price plummeted to another three-month low of $87,115, down 8 percent in the past 24 hours, according to CoinGecko data. Other digital spreadsheets sourced Bitcoin’s value below $87,000 to levels as low as $86,500. The downturn has erased the past week’s gains and triggered double-digit losses in other major cryptocurrencies like Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE). At the time of filing, Ethereum fell 11 percent to $2,500, while Solana plunged 13.7 percent to $135.46, its lowest level since September 2024. Over the past month, SOL has dropped by 46.6 percent. Dogecoin recorded a 13 percent drop in the past 24 hours, falling to $0.1192, its lowest price since November. The meme coin has lost 43 percent month-over-month so far. The broader crypto sell-off coincides with a downturn in the US stock market, where the Nasdaq Composite shed over 1% as investors reacted to trade tensions and declining AI-related stocks. The shift in sentiment has triggered a risk-off approach and impacted both traditional and digital asset markets.