Bitcoin fell to $90,000 earlier in the week, extending losses over the weekend as investors continue to dump tech stocks.

The price of the flagship cryptocurrency was last down 4% at $90,413.80, according to Coin Metrics, bringing losses since Saturday to about 7%. Bitcoin lost 11% last week.

ether lost 7% on Monday and the broader crypto market, as measured by the CoinDesk 20 index, fell more than 6%. In pre-market trading, shares of Coinbase And Microstrategy fell by 4% and 5% respectively. Mara Holdings fell by 5% and Nuclear science decreased by 3%.

The decline in crypto assets began last week after better-than-expected employment numbers led to a rise in bond yields and concerns emerged about President-elect Donald Trump’s tariff plans – both of which gave the dollar a boost while putting pressure on Bitcoin and other risk assets.

Investor sentiment was optimistic heading into 2025, with markets looking forward to a pro-crypto Congress and White House. Until last week, that hope outweighed concerns about macroeconomic speed swings.

Investors are now warning that the first quarter of this year could be more turbulent for crypto than previously expected.

The price of Bitcoin is up 120% in 2024 but is down 3% so far in the new year.