Crypto Market Update (February 26, 2025)
1. Bitcoin ($BTC ) Drops Below $90,000
Bitcoin is currently trading at $86,347, down significantly from its $109,000 peak in January. The decline is driven by regulatory uncertainty and a general market sell-off.
2. Ethereum ($ETH ) Falls Below $2,500
Ethereum has dropped 7.68% in the last 24 hours, now trading at $2,497.98. This decline aligns with the broader crypto market downturn.
3. XRP ($XRP ) Experiences 5% Drop
XRP is now at $2.22, after failing to sustain its earlier price gains.
Key Factors Impacting the Market:
Regulatory Uncertainty in the U.S.
Investors initially reacted positively to Trump's pro-crypto stance, but lack of clear regulations has led to disappointment. (Source)
$1.5 Billion Crypto Hack
North Korean hackers reportedly stole $1.5 billion from the Bybit exchange, causing major concerns about crypto security. (Source)
Bangladesh Crypto Scam Alert
A new scam is using the image of Finance Adviser Salehuddin and a fake news website to deceive people on Facebook. Beware of phishing scams! (Source)
Final Thoughts:
° The market is highly volatile right now.
° Security concerns are rising after the Bybit hack.
