Bitcoin dips below $90K hours after SBF tweets for first time since entering prison
Bitcoin (BTC) slipped below $90,000 on Tuesday, just hours after jailed former FTX supremo Sam Bankman-Fried tweeted for the first time since beginning his 25-year sentence for multiple fraud and conspiracy offenses. The dip to $88,780 represents a 19% slide from its $109,114 all-time high on January 20 – the date of Donald Trump’s inauguration – and is BTC’s lowest point since November. At the time of writing, it has seen a slight rebound to $89,154. BTC’s dramatic slide is part of a wider dip across the crypto industry. Rival currency ether (ETH) saw an 11% drop to $2,390 earlier today while Binance’s BRB token, Ripple’s XRP, and Solana’s SOL dropped 6.4%, 14.3%, and 15% respectively. Not even Donald Trump’s own token $TRUMP was safe, seeing its own price tumble 14% in 24 hours and 82% from its all-time high. The seemingly industry-wide drop-off comes just days after crypto exchange Bybit was hacked for somewhere in the region of $1.4 billion in ETH and staked ether...
