The original cryptocurrency fell as much as 3.2% to briefly dip below $90,000 on Thursday, down from an intra-day high of $94,490 the day before, according to data compiled by Bloomberg. Bitcoin is in a weakened position after enduring a weeks-long selloff that began in early October with a major liquidation event, which wiped out about $19 billion in levered bets. Asian equities tracked gains on Wall Street on Thursday morning after Fed Chair Jerome Powell pushed through a quarter percentage point rate cut, but the move did little to lift the mood among crypto traders.