Bitcoin fell through the $90,000 level overnight, weakened by sell pressure in equities as the crypto market awaits its next market catalyst.

Cryptocurrencies bitcoin and ether dropped to multi-month lows on Tuesday, caught up in a general cross-market sell-off, and as traders continued to process last week's hack of $1.5 billion worth of ether from cryptoexchange Bybit.

Bitcoin just tumbled below $88,000, hitting its lowest level since mid-November. The sell-off isn’t random—U.S. Bitcoin ETFs have seen six

Bitcoin slid below $90,000 on Tuesday, hitting a level not seen since November, amid a broader struggle for cryptocurrencies this year so far. The No. 1 cryptocurrency was down 6.5% to $89,896, around levels not seen since mid-November.

Bitcoin fell below $90,000 for the first time since November as cryptocurrencies slumped amid broader market pressure.