Bitcoin bounces back after hitting 7-month low
Bitcoin slid to $89,180—its lowest since April 22, 2025—but quickly rebounded to $93,794 on Tuesday.
After a strong start in 2025, recent selloffs have erased this year's gains and pushed Bitcoin into the red.
The crypto's market cap now sits at about $1.86 trillion.
Why does this matter?
Bitcoin's dip isn't happening in isolation—it mirrors a broader tech slump.
The Nasdaq is down 4% this month, and crypto-linked stocks like MicroStrategy, Robinhood, and Coinbase have all dropped over 20%.
Even so, El Salvador is doubling down on Bitcoin as part of their financial strategy, showing some still believe in its long-term potential.
What's behind the moves?
After peaking at above $94,000 in October, Bitcoin has struggled to hold momentum and stay above key resistance levels.
Recent volatility shows how closely crypto is tied to global tech trends—and how quickly fortunes can shift in the digital economy.