Bitcoin has suddenly fallen below $91,000 per Bitcoin, raising alarm bells that the Federal Reserve may be on the verge of triggering a Bitcoin price collapse.

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Bitcoin price has fallen sharply from its high of nearly $110,000 per bitcoin following Donald Trump’s election victory – despite Trump confirming he is planning a landmark change in Bitcoin price.

With the Fed now warned of an impending crisis, Bitcoin and crypto traders are nervously waiting to see whether the combined crypto market will fall below the key $3.2 trillion mark.

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ForbesThe Fed’s secret dollar crisis is expected to spark a Bitcoin price boom that rivals goldFrom Billy Bambrough

“The start of the new year has not been easy for the crypto market,” Alex Kuptsikevich, chief market analyst at FxPro, said in an email.

“The next target for the bears appears to be the $88,000 area. And in a negative scenario, Bitcoin will see a quick decline to $74,000.”

The Bitcoin and crypto market has struggled to maintain gains following the Trump election, as momentum has been weakened by a series of positive economic data that makes the Federal Reserve less likely to cut interest rates this year.

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Forbes“Time to sell” – A dire warning of a Bitcoin price crash adds to the crypto sell-offFrom Billy Bambrough

“The market lost over 2% to $3.22 trillion in 24 hours and has been back at the lower end of the consolidation range since late November,” Kuptsikevich wrote.

“The promising start to the year failed to materialize. We are now watching with some concern about the eighth attempt to break below $3.20 trillion. Adding to the concern is the fact that last week’s bullish momentum failed to develop and only attracted sellers.”

The combined crypto market rose to a record high of nearly $4 trillion following Trump’s presidential election victory as traders and investors cheered the new administration’s pro-crypto agenda.