On Tuesday, the cryptocurrency market experienced a significant drop, with Bitcoin falling below the psychological support level of $89,000. This decline is attributed to global macroeconomic instability, including concerns over tariffs from the Trump administration and turmoil in the Japanese bond market, which severely impacted investor sentiment. Both Bitcoin and Ethereum saw steep declines, and related equities also suffered. Traditional assets like gold and silver, however, performed strongly, indicating a shift in portfolio allocation from cryptocurrencies to more stable investments. Experts suggest that recovery in the crypto market hinges on stabilization in the global economic environment.