The crypto market is facing a sharp downturn today, February 28, 2025, with Bitcoin (BTC), XRP, and Pi Network (PI) all experiencing significant losses. Bitcoin has dropped below $80,000, marking its lowest level since November 2024, due to investor uncertainty driven by U.S. trade tariffs announced by President Trump and a $1.5 billion Ethereum-related security breach on the Bybit exchange. XRP has also fallen over 8% after being excluded from Hong Kong’s approved crypto list, adding to regulatory concerns. Meanwhile, Pi Network (PI) is down 12.33% in the last 24 hours, trading at around $2.48, reflecting overall market instability. The combination of geopolitical tensions, security threats, and regulatory developments has triggered widespread selling pressure across the crypto market.
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