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February 25, 2025 | 12:14 PM EST
Bitcoin (BTC-USD), the world’s largest cryptocurrency, has dropped 7.49% over the past 24 hours, trading at $87,534.20 as of 12:14 PM EST. The price decline comes as the broader cryptocurrency market faces significant selling pressure.
Bitcoin opened the day at $91,496.14, reaching a high of $92,498.59 and a low of $86,138.27, reflecting heightened volatility. The cryptocurrency’s 24-hour trading volume has surged to $86.48 billion, indicating strong market activity despite the downturn.
Over the past year, Bitcoin has traded within a 52-week range of $49,121.24 to $109,114.88, highlighting its strong rally but also its susceptibility to corrections. The current market capitalization stands at $1.736 trillion, with a circulating supply of 19.83 million BTC.
Despite the dip, Bitcoin remains the dominant cryptocurrency, with institutional interest and adoption continuing to grow. Analysts suggest that its long-term prospects will depend on regulatory developments, macroeconomic conditions, and upcoming network upgrades.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and carry inherent risks. Investors should conduct their own research and consult a financial advisor before making any investment decisions.