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The cryptocurrency market, including Blurt, has seen a significant downturn in recent times. The price of Bitcoin (BTC) has fallen below $90,000, hitting a three-month low, causing concern among investors.
According to Feinbold’s report, Bitcoin’s price has increased slightly since the beginning of 2025. After a market-wide bull run in late 2024, Bitcoin reached a peak of $108,786 on January 20, 2025. However, its value declined due to the market sell-off caused by President Trump’s tariff announcement. As of February 24, Bitcoin was worth $95,640, representing a 3.15% increase from $92,880 on January 1. A $1,000 investment at the beginning of the year would now be worth $1,031.5. Notably, Bitcoin’s price saw two large declines in January, which gave investors the opportunity to buy in at a lower price and make more profits. Analysts are optimistic about Bitcoin’s future, as they cite growing institutional acceptance and a crypto-friendly US administration. According to technical analysis, the price of Bitcoin has the potential to reach $107,000, although it could drop to $91,000 before then.
Bitcoin Price Drop: On February 25, 2025, the price of Bitcoin fell by almost 8% to $88,000, the lowest since November last year.
Altcoin slump: Along with Bitcoin's decline, other cryptocurrencies, such as Ethereum (ETH) and Solana (SOL), have declined by 10% and 14%, respectively.
Bybit Hacking: The theft of $1.5 billion worth of Ethereum from Dubai-based crypto exchange Bybit has raised security concerns among investors, negatively impacting the market.
Trade War and Tariff Policy: US President Donald Trump's announcement of tariffs on goods imported from Mexico, Canada and China has increased global trade tensions, driving investors away from riskier assets.
US economic policy: The US Federal Reserve's decision to keep interest rates steady and high bond yields are causing investors to move away from risky assets, which is having a negative impact on the cryptocurrency market.
My advice to investors:
Investors should remain cautious and maintain a long-term perspective in the current market conditions. Market volatility is normal and stability may return over time. However, it is very important to do your own research and consider the risks before investing.
I you good luck and good health. Thanks 🙏 everyone @stmp04.