Bitcoin plunges below $90,000 amid global risk asset selloff

Core Insights - Bitcoin (BTC) experienced a 3% decline, dropping below $90,000, influenced by turmoil in Japan's government bond market and U.S. President Trump's tariff threats against Europe [1] - Ether (ETH) saw a more significant drop of over 7%, falling below the $3,000 mark for the first time since January 2 [1] Market Dynamics - Bitcoin's dominance in the cryptocurrency market has increased, reaching 59.8% of the overall digital asset market capitalization, indicating a growing grip over altcoins [2] - The volatility in the market suggests that Bitcoin may continue to trade lower, with altcoins likely to be more adversely affected in the short term [2] Broader Market Trends - The Nasdaq index fell nearly 2%, while the Nikkei and Germany's DAX also experienced declines of 2.5% and 1%, respectively [3] - In contrast, precious metals have gained popularity as safe havens, with gold rising 3% and silver increasing by 7%, both reaching new record highs [3] - Bitcoin's current trading level is just 3% above its value at the beginning of the year, indicating a significant loss of its 2026 gains [3]