According to Insidebitcoins, the Bitcoin price fell 5.6% in the past 24 hours to $90,108, trading below $90k for the first time since April. Michael Saylor’s Strategy firm purchased $835.6 million in BTC, bringing its total holdings to 649,870 tokens worth $61.7 billion. El Salvador also added 1,090 BTC to its reserves, raising its total to 7,474 BTC valued at $676 million. Gemini co-founder Cameron Winklevoss claimed this is the 'last time' Bitcoin will be available under $90k. Technical analysis shows BTC trading within a falling channel, with the 50-day SMA below the 200-day SMA, forming a death cross. The RSI is at 26, indicating oversold conditions.
Bitcoin Price Drops Below $90K Amid Major Institutional Buys and Bearish Technical Signals
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