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Michael Saylor hinted at buying more Bitcoin as the price plunged below $89,000 for the first time in three months.

Japanese investment firm Metaplanet announced on Tuesday that it has acquired an additional 135 Bitcoin, investing approximately $12.9 million in the top crypto.

Dogecoin's recent decline has analysts sounding the alarm, with Ali Martinez—who once predicted a $4 DOGE — now warning that a drop to $0.20 is possible.

Will the biggest and best-known crypto assets of today, like Bitcoin (CRYPTO: BTC), continue to hold up against newer players like Cardano (CRYPTO: ADA), or will they go the way of the dodo? You're probably already familiar with the investment thesis for Bitcoin: It's a asset with a firm supply cap that's hard for any given set of actors to control or disrupt. There can only ever be 21 million Bitcoins in circulation (about 19.8 million now circulate), which means that it should, in theory, maintain its purchasing power against fiat currencies.

Traders are buying the dip, lifting the perpetual futures long-short ratio, Kraken's Alexia Theodorou told CoinDesk.

Tuesday’s drop from 49 to 25 is one of the sharpest since September and indicative of a quick shift toward overly bearish sentiment.

Bitcoin tumbled below $90K for the first time in 2025, triggering extreme fear in the market as the U.S. sleeps.