Rich by Coin

Bitcoin slipped below $90,000, hitting a seven-month low before rebounding toward the mid-$90,000s.
As of 3:40 p.m. ET, CoinMarketCap showed the price at $89,550, down about 5.6% over the prior 24 hours, before bending back toward $93,000.
The move comes as traders weigh the potential for delayed Federal Reserve rate cuts amid market volatility sparked by President Trump’s tariff remarks.
In addition, a renewed AI hype cycle concerns and a stock-market pullback have dampened investors’ risk appetite.
Sylvain Tang, Managing Partner at Monarch Asset Management, said that with December rate-cut odds slipping below 50%, bitcoin has broken the psychological floor around $100,000 and kept sliding.
Earlier in October, a wave of selling led to more than $19 billion of liquidations, while the aggregate market value of tokens fell by more than $1 trillion at one point.
Some institutions have held up relatively well, but individual investors’ participation and bottom-picking have weakened, particularly in speculative altcoins.
Still, exchange-traded funds tracking bitcoin and other digital assets faced outflows, and commentators noted ongoing pressure on corporate holders such as those adding to bitcoin reserves over the past year.
Analysts at LVRG Research projected that long-term investors may view the pullback as a buying opportunity, but macro variables could keep volatility elevated in the coming months.