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February 26, 2025 | 5:41 PM UTC
Bitcoin (BTC-USD) is experiencing a 1.13% decline, currently trading at $86,305.44. The leading cryptocurrency saw a daily range of $85,516.05 – $89,277.48, reflecting ongoing market fluctuations.
- Previous Close: $88,569.67
- 24-Hour Trading Volume: $52.41 billion
- Market Cap: $1.711 trillion
- Circulating Supply: 19.83 million BTC
- 52-Week Range: $49,121.24 – $109,114.88
Factors Influencing Bitcoin’s Price Drop
- Profit-Taking by Traders – After recent highs, investors may be cashing out gains.
- Regulatory Uncertainty – Global regulatory developments, particularly in the U.S. and EU, continue to impact sentiment.
- Macroeconomic Concerns – Inflation fears and potential interest rate hikes are affecting risk assets, including crypto.
- Support: A drop below $85,000 could lead to further corrections toward $83,000.
- Resistance: If BTC rebounds above $89,000, it may attempt to break the $90,000 mark again.
Bitcoin remains a dominant force in the crypto market, but short-term corrections are expected amid market uncertainty. Long-term holders continue to see BTC as a hedge against inflation, but traders should be prepared for increased volatility.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.