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Crypto Writer
Arslan Butt
Crypto Writer
Arslan Butt
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Bitcoin (BTC) dropped below $90,000, weighed down by economic uncertainty and geopolitical tensions. The decline was triggered by former US President Donald Trump’s announcement of 25% tariffs on Canada and Mexico, sparking concerns about economic stability and prompting a selloff in the crypto market.
Bitcoin fell to an intraday low of $86,300, reflecting increased volatility. The broader crypto market lost $230 billion, signaling caution among investors. Additionally, $508 million flowed out of crypto funds, highlighting growing skepticism.
Altcoins, including XRP, continued to decline, while Bybit’s recent security breach further undermined market confidence.
Positive Developments Yet to Support BTC
Despite the market downturn, positive developments in the cryptocurrency sector emerged. The US Securities and Exchange Commission (SEC) dropped its lawsuit against Coinbase, signaling a more constructive regulatory stance. This decision is seen as paving the way for clearer crypto regulations.
Meanwhile, Michael Saylor’s investment strategy continued to accumulate Bitcoin. Strategy, formerly known as MicroStrategy, acquired 20,365 BTC for approximately $2 billion at an average price of $97,514.
This purchase increased Strategy’s total Bitcoin holdings to 499,096 BTC, valued at $33.1 billion. The firm plans to expand its holdings further through its “21/21” plan, allocating $42 billion for Bitcoin acquisitions over the next three years.
- SEC drops Coinbase lawsuit, signaling a shift towards clearer crypto regulations.
- Saylor’s firm buys 20,365 BTC, increasing total holdings to 499,096 BTC.
- $42B Bitcoin investment plan aims for further expansion over three years.
Institutional Confidence Remains Despite Market Drop
Institutional interest in Bitcoin remains robust despite the recent downturn. BlackRock increased its stake in Strategy to 5%, demonstrating continued confidence in Bitcoin as a long-term investment.
However, Bitcoin’s value has decreased nearly 10% over the past month, influenced by political uncertainty and changing investor sentiment.
On the political front, Trump voiced support for cryptocurrency, advocating for regulatory clarity and proposing the formation of a crypto advisory group.
Michael Saylor, a prominent Bitcoin advocate, expressed willingness to advise the Trump administration on digital asset policy.
These proposed policies could foster a more favorable environment for Bitcoin and drive broader crypto adoption in the US.
Bitcoin (BTC/USD) Technical Outlook – February 25, 2025
Bitcoin (BTC/USD) continues its downward trajectory, currently trading at $89,100, down 7% in the last 24 hours. The sharp decline occurred as Bitcoin broke below the critical support level of $92,300, triggering a sell-off that pushed the price to an intraday low of $89,000. This move also confirmed a break below the 50 EMA at $94,500, indicating persistent selling pressure.
Immediate resistance is now at $92,300, which previously acted as support. A break above this level could target the next resistance at $94,500, aligning with the 50 EMA. However, Bitcoin must reclaim $96,800 to negate the bearish bias and regain bullish momentum.
Conversely, the next support lies at $86,400, with further downside risks towards $83,900 and $81,500 if selling pressure persists.
The overall technical outlook remains bearish as long as BTC trades below the 50 EMA and the descending trendline. The breakdown below $92,300 has opened the door for further downside, making the $86,400 support crucial. A break below this level could accelerate the sell-off towards the $81,500 zone.
Key Insights:
- Immediate Resistance: $92,300; break above targets $94,500 and $96,800.
- Immediate Support: $86,400; break below could target $83,900 and $81,500.
- Bearish Momentum: Sustained below the 50 EMA and descending trendline.
BTC Bull: Earn Real Bitcoin Rewards
BTC Bull ($BTCBULL) is gaining momentum as a community-driven meme token that rewards holders with real Bitcoin. Unlike traditional tokens, BTC Bull airdrops BTC automatically when Bitcoin hits key price milestones, providing a compelling incentive for early adopters and long-term investors.
BTC Bull offers a high-yield staking feature with an annual return of 154%, enabling users to generate passive income while contributing to the token’s ecosystem. The staking pool has reached 681,599,760 BTCBULL, emphasizing strong community participation. The reward system is strategically designed to maximize gains for investors.
The BTCBULL presale is currently live, with tokens priced at $0.00238 each. So far, $2.79 million has been raised out of a $3.29 million target, signaling robust investor interest. With a price increase expected soon, now is an ideal time to invest in BTCBULL and benefit from its unique reward mechanism.
