Bitcoin Slides Below $90,000 as Crypto Selloff Gathers Steam

Published On Feb 25, 2025, 2:28 AM

Bitcoin has dropped below $90,000 for the first time in over a month, part of a larger selloff in the cryptocurrency market. A severe hack at the Bybit exchange and a scandal involving a memecoin connected to Argentina's President have contributed to a bearish shift in market sentiment. This follows a period of recovery after the recent U.S. presidential election, leaving Bitcoin slightly down this year thus far.