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February 25, 2025, 11:11 AM EST – Bitcoin (BTC-USD) has suffered a significant decline, dropping 8.19% (-$7,752.70) to $86,891.63 as of early trading today. This marks its lowest level since mid-November amid broader market uncertainty, aggressive U.S. trade tariffs, and recent industry disruptions.
- Previous Close: $91,496.14
- Day’s Range: $86,888.49 – $92,498.59
- 52-Week Range: $49,121.24 – $109,114.88
- Market Cap: $1.725 Trillion
- Circulating Supply: 19.83 Million BTC
- 24-Hour Trading Volume: $81.53 Billion
Key Drivers Behind the Decline
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Macroeconomic Uncertainty:
- Investors are reacting to President Donald Trump’s trade tariffs, which have triggered volatility across financial markets.
- Broader risk-off sentiment has led to a pullback in high-risk assets, including crypto and tech stocks.
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Crypto-Specific Challenges:
- Bybit Hack: A $1.5 billion theft of Ethereum (ETH) by North Korean hackers has fueled concerns about security in crypto exchanges.
- Memecoin Collapse: Trump’s and Melania’s memecoins have lost over 80% of their value, raising skepticism over speculative crypto launches.
- ETF Outflows: U.S. Bitcoin ETFs saw $956 million in February outflows, the largest monthly exodus on record.
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Liquidations & Market Shakeup:
- Over $1.34 billion in leveraged long positions were liquidated in the past 24 hours, amplifying selling pressure.
- Crypto index tracking top tokens is experiencing its worst four-day drop since August.
Disclaimer: This article is not financial advice. Crypto investments are volatile. Always conduct thorough research before making financial decisions.