The price of Bitcoin has dropped to $90,000, its lowest point since November, as the wider cryptocurrency market continues to show weakness. This crash is being attributed to expectations that the Federal Reserve will adopt a more hawkish stance this year following strong nonfarm payroll data. Investors are now closely watching U.S. consumer inflation data, with hopes that lower-than-expected figures could spark a recovery in crypto prices. The upcoming inauguration of Donald Trump and the resignation of Gary Gensler are also seen as potential catalysts for the crypto market. Despite the bearish head-and-shoulders pattern forming, historical data suggests Bitcoin may rebound this week.



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