Bitcoin drops below $90,000 as global jitters combine with Bybit hack

FILE PHOTO: Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON (Reuters) -Bitcoin dropped below $90,000 to its lowest since November 18 on Tuesday, as market nerves over U.S. tariffs reinforced the blow to crypto investor confidence from last week's $1.5 billion hack of ether from the Bybit exchange.

Bitcoin, the world's largest cryptocurrency by market value, was last down 7.25% on the day at $87,169.76.