Bitcoin has dropped below the $90,000 level as global markets continue to face strong selling pressure. This decline is mainly linked to a risk-off environment caused by new U.S. tariff concerns and instability in bond markets. During macro uncertainty, investors are reducing exposure to risky assets like crypto. Capital is shifting toward traditional safe assets such as gold. More than $1 billion worth of liquidations shows how aggressive the move has been. This drop has wiped out Bitcoin’s gains for 2026 so far. The situation highlights Bitcoin’s sensitivity to global economic shocks and short-term volatility.