Bitcoin’s collapse took place against the rear of a general backdrop in the cryptocurrency market. The mood worsened after the largest cryptocurrency in the history of BYBIT exchange attacks.
The most popular Bitcoin cryptocurrency fell below 90 thousand dollars for the first time in three months. This was proven by CoinDesk data on Tuesday, February 25th.
Until 11:00 in Kyiv, the coin lost almost 7% in price and exchanged for about 89 thousand dollars. This is the lowest score from November 18, 2024.
According to Western Media, the Bitcoin and the cryptocurrency market as a whole are in a fever due to the fact that US President Donald Trump has confirmed the intent to introduce tariffs for imports from Mexico and Canada from March 4.
“Investors are afraid that trade duties can explode economic relations between countries, which will leave dangerous properties, such as cryptocurrencies,” wrote market analysts.
Another factor for the cost of Bitcoin is a hacker attack bybit exchange with Ethereum cryptocurrency for nearly $ 1.5 billion.
As a result, the cryptocurrency market shows a general fall. Investors eliminate speculations, which led to a reduction in the value of not only Bitcoin, but also the Altoines.
Ethereum lost 8.7%, falling for $ 2493.15. XRP fell at 9.3%to $ 2261. Solana fell 12.5%, Cardano – of 8.8%, and Polygon – of 8.1%. Among the Dogecoin meme tokens were reduced by 9.3%, and $ Trump by 14%.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.