Selling pressure continues in the cryptocurrency markets. Bitcoin tested below $91,000, Ethereum below $2,500. $884 million in transactions were wiped out from the market in the last 24 hours. Analysts note the increasing uncertainties and highlight that Bitcoin is at a critical turning point.

Losses persist in the cryptocurrency markets. Bitcoin, which has been following a selling trend in recent days, tested below $90,000 with a drop of over 5% from $96,400. As a result, Bitcoin saw its lowest level since November. The second largest crypto asset, Ethereum, also dropped below $2,400 from around $2,800. The market decline came after US President Donald Trump’s statements regarding customs tariffs. Trump stated that the customs tariffs imposed on goods imported from Canada and Mexico will continue as planned. Due to the market volatility, 285,186 investors were liquidated. According to Coinglass data, a total of $884 million worth of positions were wiped out in the futures market in the last 24 hours. Analysts emphasized that Bitcoin is increasingly establishing more connections with traditional markets as macroeconomic uncertainties rise. They underlined that Bitcoin is at a critical turning point.