Bitcoin falls below $90,000

Bitcoin dropped 1.1% to $89,945

Cryptocurrency prices declined on Thursday as markets remained uncertain amid global geopolitical tensions.

Bitcoin dropped 1.1% to $89,945 at 12:47 p.m. Mecca time, accounting for about 58.4% of the total cryptocurrency market value.

Ethereum, the second-largest cryptocurrency by market capitalization, fell 0.85% to $3,108.55, while XRP slid 3.5% to $2.1004.

The total global cryptocurrency market capitalization stood at $3.08 trillion, with a 24-hour trading volume of $111.04 billion, according to data from CoinMarketCap.

Markets are awaiting the US monthly jobs report on Friday for further clues on the outlook for monetary policy this year.