Bitcoin has fallen below the $90,000 mark, erasing significant gains made under the previous administration. This latest decline is part of a broader crypto selloff, with significant losses also observed in Ethereum, Solana, and other altcoins. Factors contributing to this downturn include rising economic jitters over potential trade tensions, inflation concerns, and a recent hack involving a major cryptocurrency exchange. Analysts are warning of strong bearish sentiment in the market, with some predicting a further drop into the low $80,000 range. As investors grapple with declining consumer confidence and regulatory fears, the crypto market is witnessing billions wiped off its total valuation. This development raises questions about the potential for a rally in the near future.