Bitcoin (BTC) has dropped below the important $90,000 mark during Monday's trading session. This is the first time it has fallen below this support level in two months.

The price drop comes as the market is facing a broader decline. Sentiment has shifted from bullish to bearish. Right now, Bitcoin is trading at $89,656.

With buying pressure decreasing, there’s a chance the price could keep falling in the short term. This situation is still developing, so it's worth keeping an eye on.