Bitcoin falls below $90,000 amid market concerns
Cryptocurrency markets retreated as Bitcoin briefly dropped below $90,000, while Ether fell more than 4%, following weak tech earnings and revised forecasts.
Bitcoin slipped briefly under the $90,000 mark, and Ether lost over 4% in recent trading, reversing gains from the previous two days. The sell-off came after Oracle’s disappointing earnings report, which raised concerns that investments in AI infrastructure are not yet yielding expected profits.
Adding to the pressure, Standard Chartered lowered its Bitcoin price target for the end of 2025 from $200,000 to $100,000, signaling reduced optimism for further rapid gains. Analysts note that cryptocurrency investors remain cautious, awaiting more clear signs of stability and profitability in both the tech and crypto sectors.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
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