Bitcoin’s value has experienced a significant downturn, dropping by 6% within just two days and momentarily slipping under the $90,000 mark.
Over the last day and a half, Bitcoin’s price plummeted sharply—losing over 5%—and briefly dipped below $90,000 early Tuesday amid growing macroeconomic uncertainties and increased scrutiny on corporate Bitcoin holdings.
The leading cryptocurrency was trading close to $95,500 late Sunday but declined to approximately $89,800 by Tuesday morning. This continued a downward trend that started with intense selling activity from late Saturday through Monday morning.
This rapid decline wiped out nearly $5,700 from Bitcoin’s value in less than 48 hours according to data from Bitcoin Magazine Pro.
The initial sharp drop occurred Sunday evening when Bitcoin lost almost $4,000 within two hours during widespread sell-offs across crypto markets.
Around 6 p.m. EST that night, massive liquidation-driven selling hit derivatives markets. Over an hour-long period more than half a billion dollars in leveraged long positions were liquidated; total crypto long liquidations surpassed $525 million during this time frame.
Trade Tariff Tensions
This market turmoil coincided with escalating geopolitical tensions after U.S. President Donald Trump announced plans for imposing extensive new tariffs on several European countries starting February 1st.
The proposed tariffs would initially impose a 10% duty on imports from eight nations—including Denmark, Norway, Sweden, France, Germany, the UK, Netherlands and Finland—with rates rising to as much as 25% by June if no trade agreement is reached.
Trump linked these tariff measures to efforts aimed at acquiring Greenland—a move that further intensified transatlantic diplomatic strains between the U.S. and Europe.
European leaders responded strongly against these threats warning they could trigger “a dangerous downward spiral” in international relations and trade stability.
Meanwhile gold prices surged toward record highs near $4,750 per ounce reflecting investors’ flight toward traditional safe-haven assets amidst risk-off sentiment—a trend not mirrored by Bitcoin’s recent price action so far.
Additionally, the U.S. Supreme Court is expected soon to rule whether Trump had legal authority under emergency powers to impose such broad tariffs using the International Emergency Economic Powers Act (IEEPA).
If ruled against, the government might be compelled to refund over $100 billion collected via tariffs already imposed—which could disrupt federal budget planning including defense spending assumptions.
Corporate Movements Impacting Bitcoin Prices
On-chain analytics reveal GameStop transferred roughly 2,396 BTC into Coinbase Prime wallets throughout January—comprising about half of its original holding of around 4,710 BTC purchased back in mid-2025 at an average cost near $106,000 per coin.
This includes movements of approximately $###€€€,100 BTC on January seventeenth followed by another transfer of roughly $##€€,296 BTC three days later which has fueled speculation regarding potential partial liquidation plans for their bitcoin reserves despite no official confirmation yet issued by GameStop itself.
In contrast, MSTR (MicroStrategy), recognized as one of the largest publicly traded holders of corporate bitcoin worldwide, pursued aggressive accumulation strategies last week purchasing an additional ~22&comma305 bitcoins valued at about $2&period13 billion's worth averaging $95&comma284'/BTC.
MSTR now holds more than seven hundred thousand bitcoins (~709&comma715) acquired at an average price around $75&period97k, representing over three percent (~3%) of all circulating supply globally.
No matter their buying spree though — MSTR shares dropped nearly seven percent early trading alongside bitcoin dipping below ninety thousand dollars highlighting how sensitive equities tied closely with cryptocurrencies have become towards short-term volatility effects recently .”
The current trading level for bitcoin stands near $90&.252, down approximately three percent within twenty-four hours based upon volumes totaling roughly forty-five billion dollars , leaving it trailing its weekly peak close-to-&;93&;302 .
Total market capitalization approximates one point eight trillion US dollars ($1&period8T) while circulating supply remains just shy nineteen point nine eight million coins out-of maximum cap twenty-one million units allowed overall .
This article titled "Bitcoins Price Declines Six Percent Within Two Days Briefly Falls Below Ninety Thousand Dollars" originally appeared via Bitcoins Magazine authored Micah Zimmerman .