$BTC

Crypto Market Movement Today (February 25, 2025)

Today, February 25, 2025, the cryptocurrency market has experienced a significant decline, affecting major digital assets.

Bitcoin (BTC)

Bitcoin's price fell below $90,000 for the first time since November 2024, reaching a low of $88,245. This decline was triggered by a broader market sell-off and the aftermath of a $1.5 billion hack on the Bybit platform last week.

Ethereum (ETH)

Ethereum, the second-largest cryptocurrency by market capitalization, also saw a sharp decline of 11%, reaching $2,333—its lowest level since October 2024. The Bybit hack, which involved Ether, contributed to this drop.

Other Altcoins

XRP fell by 7% to $2.21, while Solana (SOL) and Dogecoin (DOGE) also recorded significant losses. This decline aligns with the ongoing sell-off in the U.S. tech market, where the Nasdaq Composite has been down for three consecutive days.

Key Factors Behind the Decline

Besides the Bybit hack, the market downturn has also been influenced by investor concerns over macroeconomic and geopolitical developments. While there were earlier hopes that President Donald Trump’s administration would be more crypto-friendly, global economic uncertainty continues to affect market sentiment.

Crypto Market Capitalization

The total global crypto market capitalization has dropped by approximately 6.67% in the last 24 hours, now standing at $2.98 trillion. This decline reflects the widespread negative sentiment among crypto investors.

Conclusion

Today's crypto market movement shows high volatility, driven by a major hacking incident and concerns over the global economy. Investors are advised to remain cautious and carefully assess risks before making investment decisions.