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news-imageFebruary 25, 2025

Here's why Bitcoin price dropped below $90k

Matrixport sees growing risk of deeper decline as Bitcoin slips below key pattern amid low trading activity. Bitcoin (BTC) broke out of an ascending broadening wedge, a typically bearish pattern, with a 6.
Publisher: Crypto news
Sentiment: Negative
BTC

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Negative
cover-imageBenzinga
February 25, 2025

Bitcoin Plunges Below $88,000: What Is Going On?

Bitcoin (CRYPTO: BTC) has tumbled below $88,000, levels not seen since mid-November 2024, as market sentiment reacts to Donald Trump's tariff announcement. Trader Notes: Crypto chart analyst Ali Martinez warns that BTC is breaking below a parallel channel and could slide to $81,000 unless it reclaims $92,500.

Negative
cover-imageTokenpost
February 25, 2025

Bitcoin Dips Below $89K Amid Nasdaq Slump and Yen Strengthening

Bitcoin (BTC) fell below $89,000 during early European trading on Tuesday, reaching $88,500, its lowest level since mid-November, according to CoinDesk data. The decline follows continued losses in tech stocks and renewed strength in the Japanese yen, sparking concerns of market-wide risk aversion.

Positive
cover-imageBitcoinist
February 25, 2025

Bitcoin's Trojan Horse: This Florida Bill Could Turn The GOP Orange

Florida's Strategic Bitcoin Reserve (SBR) bill could put the cryptocurrency on the state's balance sheet—while also potentially reshaping the Republican Party's stance. The bill, officially known as “SB 550: Investments of Public Funds in Bitcoin,” has gained momentum in Tallahassee and drawn national attention thanks to a high-profile advocate in the Florida Senate.

Negative
cover-imageBenzinga
February 25, 2025

South Dakota Shoots Down Bitcoin Reserve Bill Over Volatility Concerns, Follows Wyoming And Montana's Lead As BTC Falls Below $90,000

The South Dakota legislature delayed a vote on a bill on Monday that could have allowed the state to adopt Bitcoin (CRYPTO: BTC) as a strategic reserve asset. What happened: The majority of lawmakers at a meeting of the state's House Commerce and Energy Committee voted to defer the bill to the 41st day of South Dakota's legislative session.

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