Why is Bitcoin dropping? The reasons behind the recent crash.
- ByAakriti Garg
- 28 Feb, 2025
- 0 Comments
- 2

Bitcoin's price has dropped below $90,000, hitting its lowest point since November. This sudden fall has left investors worried, as the cryptocurrency had been performing well just a few months ago. The main reason behind this drop is the uncertainty caused by U.S. President Donald Trump's recent trade tariffs.
Trump has announced new taxes on goods from countries like Canada, Mexico, and China, which has made the global financial market unstable. When markets become uncertain, investors tend to pull out of riskier assets like Bitcoin, leading to a sharp decline in its price.
Adding to the chaos, a massive hack on the Bybit crypto exchange resulted in the theft of $1.5 billion worth of Ether. This has raised serious concerns about security in the crypto world, causing panic among investors. Since Bitcoin and Ether are closely linked, the impact of this hack also spread to Bitcoin, further worsening its decline.
The fear of losing money due to security breaches has made many investors sell off their holdings, pushing the price down even more.
The combination of economic instability and security risks has created a wave of fear in the crypto market. Other major cryptocurrencies like Ether, XRP, and Solana are also experiencing losses.
While Bitcoin is known for its extreme ups and downs, this latest drop has left many questioning its future. Whether the cryptocurrency will recover or continue to decline depends on how global markets and investor confidence evolve in the coming months.
Tags:
Post a comment
Raise Your Glass? Not Yet: Beer Prices May Rise Again
- 10 Jan, 2025
- 2
Ramesh Damani recalls India's true 'Tryst with Destiny' starting with...
- 28 Dec, 2024
- 1
China, HK Stocks Climb on Optimism Ahead of Policy Meetings
- 03 Mar, 2025
- 2
Graphic designer becomes auto driver after struggling to find a...
- 03 Jan, 2025
- 1
Breaking records! Bengaluru launches its largest Cargo hub.
- 28 Feb, 2025
- 2
Categories
Recent News
Daily Newsletter
Get all the top stories from Blogs to keep track.