Here's a rundown of the latest happenings in the crypto world as of February 26, 2025:
The crypto market has been on a bit of a rollercoaster lately. Bitcoin has slipped below $86050, hitting its lowest point since mid-November, down from a high that followed Donald Trump’s election win. Analysts are pointing to a mix of factors—Trump's trade tariffs and some industry hiccups—like a massive $1.5 billion hack of the Bybit exchange on February 21 as reasons for the dip. That hack, linked to the North Korean Lazarus Group, saw over $1.4 billion in Ethereum and related tokens drained, shaking investor confidence and wiping out over $100 billion from the broader crypto market in recent days.
On the flip side, there’s some bullish buzz. CryptoQuant’s CEO, Ki Young Ju, is predicting a selective "altcoin season" for 2025, where coins with strong fundamentals or potential ETF approvals could shine, even if most altcoins might not make the cut. Meanwhile, MicroStrategy keeps stacking Bitcoin, adding over 20,000 more to its stash, and Germany’s DekaBank just rolled out crypto trading for institutional clients—a sign of growing mainstream adoption.
Other tidbits: the SEC dropped its investigation into Robinhood’s crypto dealings, a win for the platform, and Citadel Securities is gearing up to trade digital coins on exchanges, betting on a Trump-driven crypto boom. XRP’s hovering around $2.06, with its future tied to Ripple’s regulatory wins and adoption, while stablecoins are gaining traction globally, prompting policymakers to scramble for oversight.
The vibe? Sentiment’s a bit shaky—some say it’s at 2024 lows despite high Bitcoin prices—but there’s still optimism if you’re betting on the long game, especially with Trump’s pro-crypto stance stirring the pot. What’s your take on where this is all headed?
