According to CryptoValleyJournal, Bitcoin's price has dropped below 90,000 USD, marking a 27 percent decline from its all-time high. The recent market downturn has seen over five billion USD in outflows since October 29, with US spot Bitcoin ETFs failing to provide support. The decline has pushed the market back to levels seen after Trump’s election victory. Meanwhile, Kraken has raised 800 million USD in a new funding round, with Citadel Securities contributing 200 million USD, raising the exchange’s valuation to 20 billion USD. Abu Dhabi’s sovereign fund has also increased its Bitcoin investment to 518 million USD, while Harvard University’s endowment has tripled its Bitcoin ETF allocation to 443 million USD. In a first, New Hampshire has issued a 100-million-USD municipal bond secured by Bitcoin.
Bitcoin Price Plunges Below 90,000 USD as Market Volatility Intensifies
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