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Bitcoin Plunges to Three-Month Low Under $90,000 Amid Risk-Off Shift

Bitcoin fell to $88,245, hitting its lowest point since November and breaking below $90,000 for the first time since mid-January, a decrease of 6%. Ether also experienced a significant drop of 11%, reaching $2,333, its lowest price since October, in line with declines seen across other cryptocurrencies. In general, altcoins have devalued by 30% to 80% since mid-December. Analysts warn of ongoing uncertainty in the market outlook, emphasizing persistent volatility and the possibility of further cryptocurrency losses in the absence of new driving factors.