Bitcoin (BTC) has plummeted below $90,000 due to economic uncertainty and political tensions between countries. This drop was caused by Donald Trump announcing a 25% tax on Canada and Mexico, causing concerns about the economy and triggering a sell-off in the crypto market.
Bitcoin has fallen to a low of $86,300, showing increasing volatility. The crypto market has plunged by $230,000, indicating that investors are becoming increasingly cautious. In addition, $5,08 billion has also flowed out of crypto funds, showing that people are becoming more and more skeptical.
Other cryptocurrencies, including XRP, are also continuing to decline. The recent Bybit hack incident has further shaken the market’s confidence.
Good News Still Not Enough to Boost Bitcoin Price
While the market may be deteriorating, there are still some positive developments in the crypto world. The SEC of the United States has withdrawn its lawsuit against Coinbase, showing a positive trend in regulatory matters. This decision is likely to lead to clearer crypto regulatory policies.
At the same time, Michael Saylor continues to buy Bitcoin. Strategy (formerly MicroStrategy) has bought BTC 20,365 for approximately $1.99 billion at an average price of $97,514 per bitcoin. This brings Strategy’s total Bitcoin holdings to 499,096 BTC worth approximately $33.1 billion at an average price of $66,357 per bitcoin. Strategy plans to buy more Bitcoin through its “21/21” plan, preparing $42,000 million for Bitcoin purchases over the next three years.
Strategy has acquired 20,356 BTC for ~$1.99B at ~$97,514 per bitcoin and has achieved BTC Yield of 6.9% YTD 2025. As of 2/23/2025, we hodl 499,096 $BTC acquired for ~$33.1 billion at ~$66,357 per bitcoin. $MSTR
— Michael Saylor (@saylor) February 24, 2025
Financial Institutions Still Confident Despite Market Dive
Financial institutions are still interested in Bitcoin, even though the market is declining. BlackRock has increased its holdings in Strategy to 5%. Metaplanet, a company from Germany, has also bought an additional 135 BTC worth approximately $113 million at an average price of $96,185 per bitcoin. This brings Metaplanet’s total Bitcoin holdings to 2,225 BTC worth approximately $205 million, generating a return of 12.7% since the beginning of the accumulation in May 2021.
The value of Bitcoin has dropped by almost 110% in the past month due to political uncertainty. However, the Republic of El Salvador has bought an additional 7 BTC at a price of $94,050 per coin, bringing its total Bitcoin holdings to 6,088 BTC worth approximately $560.7 million. This is significantly higher than the usual strategy of buying 1 BTC per day, which occurred before Trump announced the 25% tax on Canada and Mexico, causing the crypto market to plummet.
Trump has shown support for cryptocurrencies by pushing for clearer regulatory policies and proposing a task force, in which Michael Saylor, a Bitcoin supporter, is a key advisor on digital asset policy. These policies may create a more favorable environment for cryptocurrencies in the United States.
Bitcoin (BTC/USD) Technical Analysis – February 25, 2025
Bitcoin (BTC/USD) continues to decline, currently at $89,100, down 7% in the past 24 hours. The rapid decline occurred when Bitcoin broke a significant support level at $92,300, causing a sell-off that drove the price down to a low of $89,000. The current movement confirms the break below the 50-day moving average at $94,500, indicating that the selling pressure is still ongoing.
The current resistance level is at $92,300, which was a previous support level. If the price can rise above this level, it could head towards the next resistance level at $94,500, which is the 50-day moving average. However, Bitcoin needs to reclaim the $96,800 level to regain an upward trend.
The next support level is at $86,400, and it could fall to $83,900 and $81,500 if the selling pressure continues.
The overall technical analysis still shows a bearish trend as BTC is below the 50-day moving average and the downward trend line. The break below the $92,300 level opens up the possibility of the price falling to the $81,500 support level.
BTC Bull: Win Bitcoin Rewards for Real
BTC Bull ($BTCBULL) is gaining popularity as a token that rewards holders with real Bitcoin. Unlike most tokens, BTC Bull offers Bitcoin rewards automatically when the Bitcoin price reaches a target price. This creates a strong incentive for people to invest in both short-term and long-term investments.
BTC Bull has a staking system that offers high returns of up to 154% per year. It allows users to earn passive income while supporting the token’s ecosystem. Currently, there are 681,599,760 BTCBULL tokens in the staking pool, showing that many people have already joined.
The BTC Bull presale is currently ongoing, with a token price of $0.00238 per coin. So far, it has raised $2.79 million out of a target of $3.29 million, indicating that investors are very interested. It is expected that the price will rise rapidly in the near future
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2025-02-25 17:29