CandleFocus Investment Strategist Explained Why Bitcoin Price Declined, Shared the Event He Said “If This Happens, It Will Fall Even Lower”
2025-02-25
Author: Content Editor
Bitcoin fell below $87,000, its lowest level since mid-November, as investors pulled out of riskier assets. The sell-off extended to other major cryptocurrencies like Ethereum, XRP, and Solana. Analysts attribute the decline to Bitcoin's close correlation with tech stocks, with cryptocurrencies typically moving in tandem with tech stocks. Despite former President Donald Trump's support for the crypto industry, concerns about systemic risks remain. Stablecoins, especially those backed by US Treasuries like Tether, have also attracted regulatory attention. The recent Bybit hack highlights vulnerabilities in the industry. Investors are questioning how much further Bitcoin can fall, with some suggesting that a deeper tech market sell-off could push it even lower.
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