Today, February 25, 2025, the cryptocurrency market continues to experience significant pressure. The price of Bitcoin has fallen below $90,000, reaching a level not seen since November of last year. Ethereum has also dropped by more than 8%, trading around $2,407.
Key factors contributing to the current market decline include:
1. Geopolitical and economic uncertainty: The decision by President Donald Trump's administration to impose 25 percent tariffs on imports from Canada and Mexico has raised concerns among investors, leading to a decrease in interest in risky assets, including cryptocurrencies.
2. Large-scale hack of the Bybit exchange: On February 21, 2025, the cryptocurrency exchange Bybit was subjected to a hacker attack, resulting in the theft of approximately $1.5 billion in Ethereum. This incident undermined investor confidence in the security of cryptocurrency platforms.
3. Speculation surrounding meme coins: Recent scandals related to meme coins, especially following statements by Argentine President Javier Milei, have increased market volatility and contributed to the decline in prices of major crypto assets.
Current quotes for major cryptocurrencies:
- Bitcoin (BTC): $88,958
- Ethereum (ETH): $2,418.96
- BNB: $612.09
- Cardano (ADA): $0.656444
- Solana (SOL): $138.78
- Litecoin (LTC): $112.04
Investors are advised to closely monitor the situation and consider current market conditions when making decisions.
