Photo: depositphotos.com
Today, 25 February 2025, bitcoin has fallen below $90,000, reaching its lowest level since mid-November last year. At the time of writing, the value of bitcoin is $88,295, down 7.85% from the previous day. Other cryptocurrencies also suffered significant losses: Ethereum dropped 11.9% to $2,380.45, XRP fell 13.7% to $2.14, and Solana lost 15.1%, dropping to $134.37, Bloomberg reports.
This drop comes amid a general downturn in the digital asset market that began after Donald Trump was elected US president last November. After the inauguration in January, bitcoin lost almost 20% of its value. Analysts attribute this to Trump’s aggressive foreign policy and unpredictable decisions, which has led to increased geopolitical tensions and economic uncertainty. In addition, recent events such as the hacking of the Bybit crypto exchange, where $1.5 billion worth of cryptocurrency was stolen, and the LIBRA memcoin scandal, backed by Argentine President Javier Millais, have further undermined investor confidence in the cryptocurrency market.
Experts warn that the loss of investor confidence and low trading volumes could lead to further corrections in the digital asset market. Nevertheless, some analysts believe that in the long run, bitcoin may regain its position, while other cryptocurrencies may face more serious challenges.
