#BreakingCryptoNews
As of February 28, 2025, Bitcoin is experiencing a significant downturn, trading at $79,353, a decline of over 5% from the previous day. This drop brings Bitcoin to its lowest level since November 11, 2024.
Several factors contribute to this decline:
Political Uncertainty: U.S. President Donald Trump's announcement of impending tariffs—25% on Mexican and Canadian goods and an additional 10% on Chinese imports starting March 4—has created market unease. These trade tensions have led to a sell-off in risk-sensitive assets, including cryptocurrencies.
Security Concerns: The recent $1.5 billion hack of Ethereum from the Dubai-based exchange Bybit has shaken investor confidence across the crypto market. The FBI attributes this theft to North Korean-backed hackers, further intensifying apprehensions about digital asset security.
