Key Takeaways Bitcoin plunged below $90,000 to a three-month low on Tuesday, continuing a slide from its record high set last month, as economic uncertainty weighs on investor sentiment.The cryptocurrency broke down below the neckline of a double top pattern on above-average volume in Tuesday's trading session to confirm the formation.

Bitcoin BTCUSD surged to an all-time high of $109,225 on Jan. 20, President Donald Trump’s inauguration day — extending a rally celebrated by crypto bulls who bet that the new administration would clear away regulations,

Bitcoin, the world’s most popular cryptocurrency, was trading at about $89,000 as the U.S. stock market opened. That’s down from about $106,000, which was the price around Trump’s inauguration. The decline in bitcoin and other crypto assets accelerated after a report showed a bigger-than-expected drop in consumer confidence for this month.