$BTC

Bitcoin has seen a significant decline recently, falling below $90,000 for the first time since mid-January. This drop is attributed to several factors, most notably:

Bybit hack: Bybit suffered a security breach that resulted in the theft of $1.5 billion worth of Ether, raising investor concerns and increasing selling pressure in the cryptocurrency market.

Political and economic volatility: Since President Donald Trump took office in January 2025, markets have witnessed volatility due to his unpredictable policies, which has negatively affected digital assets.

Currently, Bitcoin is trading at around $89,099, down $6,612 (about 6.91%) from its previous price.

As for future expectations, some analysts believe that Bitcoin may continue to fall towards levels between $70,000 and $80,000, given the current pressures in the market. However, these expectations remain subject to change based on future developments in the financial and economic markets.