Financial markets turned red early Monday amid fears of rising US interest rates It will remain high in 2025-and Bitcoin Other leading cryptocurrencies have felt the weight of this concern.

The price of Bitcoin fell to nearly $90,000, reaching its lowest price since November at $90,198, according to data from Queen Gekko. The top coin by market cap is now down over 4% on the day and around 9% over the past week at the current price of $90,700.

Just last week, Bitcoin briefly regained a price point above the $100,000 mark, but it didn't last long as mixed economic data helped push the price down starting last Tuesday. Bitcoin is now down 16% from its price The all-time high mark is above $108,000which was set for December.

Other major cryptocurrencies fell more than Bitcoin on that day Ethereum It fell more than 7% to $3,044 XRP It fell nearly 6% to $2.37. Solana It fell about 7% to $175 Dogecoin It fell more than 6% to $0.317.

Liquidations in futures contracts betting on the future prices of cryptocurrencies piled up early Monday, with $544 million worth of positions liquidated over the past 24 hours, according to data from Queen Glass.

The vast majority of liquidations came from long positions, or bets on the asset's price rising in the future, worth $472 million. Bitcoin leads the pack with over $112 million in liquidations.