Bitcoin falls to unprecedented low

Bitcoin plunged below $90,000 Tuesday on Coinbase, reaching around $89,420, CoinDesk writes.

The drop, its lowest level since February, comes just six weeks after prices topped out at a record $126,250.

Bitcoin’s price dropped sharply after failing to regain key support at $93,700. The decline was worsened by a “death cross,” a technical signal where the short-term price trend falls below the long-term trend, which traders often see as a warning of further losses.