Bitcoin, BTC= the world's largest cryptocurrency by market value, broke below $90,000 to its lowest since November 18, falling by as much as 7.5% at one point. It was last down 5% on the day at $89,314.

Bitcoin headed for its biggest one-day drop since August on Tuesday, driven by nervousness over U.S. tariffs and results from Nvidia, as last week's hack of $1.5 billion worth of ether from the Bybit exchange delivered a blow to investor confidence.

After exchange operator loses ether from a cold wallet in a North Korea-linked attack, bitcoin and ether fall as industry enthusiasm wanes.