Why crypto market is going down today ?

As of February 26, 2025, the cryptocurrency market is experiencing a notable downturn, with Bitcoin trading at approximately $88,691, reflecting a 7% decrease from the previous day.

Several factors are contributing to this decline:

1. Global Economic Uncertainty: Recent geopolitical events, including President Donald Trump's announcement of impending 25% tariffs on imports from Canada and Mexico, have heightened market volatility. These measures are perceived as inflationary and may deter potential interest rate cuts, leading to broader economic concerns.

2. Security Breaches: The cryptocurrency exchange Bybit suffered a significant security breach last week, resulting in the theft of approximately $1.5 billion in digital tokens. This incident has undermined investor confidence and contributed to the market's downward trend.

3. Market Sentiment and Technical Factors: Analysts have identified critical support levels for Bitcoin, with the $90,000 mark being particularly significant. The breach of this threshold has intensified selling pressure, as traders react to potential further declines.

In addition to Bitcoin, other major cryptocurrencies are also experiencing declines. Ethereum (ETH) is currently trading at $2,471.13, while BNB stands at $624.78. Cardano (ADA) is priced at $0.682425, and Binance-Peg SOL (SOL) is at $138.81.

Given the inherent volatility of the cryptocurrency market, it's crucial for investors to stay informed about ongoing developments and approach investment decisions with caution.