6 sources·Business

Bitcoin Dips Below $90,000 Amid Economic Concerns and Major Exchange Hack

Bitcoin's price falls sharply below $90,000, influenced by market volatility, regulatory fears, and a historic $1.5 billion hack.

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  3. Bitcoin plunges below $90,000 on economic jitters over Trump tariffs, inflation

    Bitcoin, a high volatility so-called “risk asset,” has been hit doubly hard by industry-specific scandals, which explains why it’s fared worse than other technology stocks.

    Bitcoin plunges below $90,000 on economic jitters over Trump tariffs, inflation

    New York PostNew York Post·2M
    Mostly Reliable
    This source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.
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    Leans Right
    This outlet slightly leans right.
  4. Bitcoin Drops Below $90,000 as Trump Trade Slumps

    What we need to be mindful of is that the pool of people today, not in the future, but today who are trading Bitcoin and these currencies aren't necessarily aware of how to save for retirement in a safe, methodical way.

    Bitcoin Drops Below $90,000 as Trump Trade Slumps

    BloombergBloomberg·2M
    Reliable
    This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
    ·
    Center
    This outlet is balanced or reflects centrist views.
  1. ABC News
  2. Boston Herald
  3. New York Post
  4. Bloomberg
  5. Associated Press
  6. The Guardian
Updated: Feb 25th, 2025, 8:34 PM ET

Summary

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Bitcoin's price plunged below $90,000 for the first time since November, losing over 20% from its peak during Trump's inaugural rally. Other cryptocurrencies like Ethereum and Solana also suffered steep losses, as concerns over the U.S. economy grew following a significant drop in consumer confidence. Additionally, a $1.5 billion hack of the Bybit exchange aggravated market fears, highlighting vulnerabilities in the digital asset space. Despite the downturn, some investors remain optimistic, seeing buying opportunities, as pro-crypto politicians pledge regulatory support amid ongoing industry turmoil.

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  • Bitcoin has dropped below $90,000, reflecting a broader decline in cryptocurrencies as consumer confidence falls, despite a pro-crypto agenda from the Trump administration.

  • While the cryptocurrency market is highly volatile, some view the price drop as a buying opportunity, given that Bitcoin is still significantly up since Trump's election.

  • Recent hacks and scandals, like the $1.5 billion theft from Bybit, highlight vulnerabilities in the crypto industry, underscoring the need for consumer protections as regulations evolve.

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Bitcoin Dips Below $90,000 Amid Economic Concerns and Major Exchange Hack - Pano News