Why Bitcoin Plunged Nearly 5% This Weekend

Group 1 - The macroeconomic environment has led to increased volatility, with the VIX surpassing 20 for the first time since November, affecting various asset prices including Bitcoin, gold, and commodities [1] - Bitcoin's price has declined 4.8% since the previous equity market close, briefly dipping below $90,000, disappointing investors who anticipated a move towards six-digit levels [2] - Bitcoin's price movement is closely aligned with U.S. equity and bond markets, influenced by geopolitical tensions and tariff fears related to President Trump's Greenland acquisition bid [4] Group 2 - The cryptocurrency market is global, with significant capital inflows required for Bitcoin to maintain its upward trend, highlighting the potential impact of slowed capital flows on its market performance [5] - Notable investors like Michael Saylor have taken advantage of the recent dip, with Strategy reportedly adding over $2 billion to its Bitcoin holdings, marking the largest purchase in seven months [6] - Increased geopolitical risks have resulted in lower asset values across the U.S. market, contributing to significant declines in Bitcoin, equities, and bonds [8]