On February 28, 2025, Bitcoin experienced a significant decline, dropping in value to below $80,000 for the first time since the previous November. Current data shows that the price of Bitcoin is $80,158, a decrease of $6,192 (approximately 7.17%) from the previous close, with a daily high of $86,971 and a daily low of $78,240.

This decline is attributed to several factors, the most notable of which are:

• Political and economic uncertainty: Concerns have increased regarding the trade policies of U.S. President Donald Trump, including the imposition of new tariffs on Canada, Mexico, and China, leading to additional pressures on financial and technology markets.

Security events in the cryptocurrency market: The ByBit platform suffered a major security breach worth $1.5 billion, negatively impacting investor confidence in the cryptocurrency market as a whole.

Looking at technical analyses, the next key support level for Bitcoin is expected to be around $70,000, where increased demand from investors is anticipated in the medium to long term within this price range. 77767464866

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