Bitcoin Hits Level Not Seen Since November, Trades Under $90,000

Dow Jones

25 Feb

Bitcoin slid below $90,000 on Tuesday, hitting a level not seen since November, amid a broader struggle for cryptocurrencies this year so far.

The No. 1 cryptocurrency (BTCUSD) was down 4.5% to $89,791 and hit a session low of $88,268, a level not seen since around mid-November. Bitcoin's price is down 4.5% year to date, following a 120% surge in 2024. The price of Ethereum (ETHUSD) was down over 8% to $2,407, and is down 28% year to date.

Crypto stocks dropped in premarket trading, with MSTR and MARA slumping over 4%.

Cryptocurrencies got a boost after the 2024 election win by President Trump, who made several promises to enthusiasts, such as establishing a bitcoin reserve. But bitcoin is nearly 12% off an all time high of $106,734 reached Dec. 17.

Some have pointed to recent events, such as the $1.4 billion hack of crypto exchange Bybit and a memecoin scandal surrounding Argentina's president Javier Milei, as reasons for continued pressure on bitcoin and other digital assets.

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Bitcoin's price is down 4.5% year to date, following a 120% surge in 2024. The price of Ethereum (ETHUSD) was down over 8% to $2,407, and is down 28% year to date.</p><p>Crypto stocks dropped in premarket trading, with MSTR and MARA slumping over 4%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/44e15bc7f5e76ed80fed8e5fea3b07e5\" tg-height=\"489\" tg-width=\"277\"/></p><p>Cryptocurrencies got a boost after the 2024 election win by President Trump, who made several promises to enthusiasts, such as establishing a bitcoin reserve. But bitcoin is nearly 12% off an all time high of $106,734 reached Dec. 17.</p><p>Some have pointed to recent events, such as the $1.4 billion hack of crypto exchange Bybit and a memecoin scandal surrounding Argentina's president Javier Milei, as reasons for continued pressure on bitcoin and other digital assets.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Bitcoin Hits Level Not Seen Since November, Trades Under $90,000</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Hits Level Not Seen Since November, Trades Under $90,000\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-25 17:10</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Bitcoin slid below $90,000 on Tuesday, hitting a level not seen since November, amid a broader struggle for cryptocurrencies this year so far.</p><p>The No. 1 cryptocurrency (BTCUSD) was down 4.5% to $89,791 and hit a session low of $88,268, a level not seen since around mid-November. Bitcoin's price is down 4.5% year to date, following a 120% surge in 2024. The price of Ethereum (ETHUSD) was down over 8% to $2,407, and is down 28% year to date.</p><p>Crypto stocks dropped in premarket trading, with MSTR and MARA slumping over 4%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/44e15bc7f5e76ed80fed8e5fea3b07e5\" tg-height=\"489\" tg-width=\"277\"/></p><p>Cryptocurrencies got a boost after the 2024 election win by President Trump, who made several promises to enthusiasts, such as establishing a bitcoin reserve. 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Bitcoin's price is down 4.5% year to date, following a 120% surge in 2024. The price of Ethereum (ETHUSD) was down over 8% to $2,407, and is down 28% year to date.Crypto stocks dropped in premarket trading, with MSTR and MARA slumping over 4%.Cryptocurrencies got a boost after the 2024 election win by President Trump, who made several promises to enthusiasts, such as establishing a bitcoin reserve. But bitcoin is nearly 12% off an all time high of $106,734 reached Dec. 17.Some have pointed to recent events, such as the $1.4 billion hack of crypto exchange Bybit and a memecoin scandal surrounding Argentina's president Javier Milei, as reasons for continued pressure on bitcoin and other digital assets.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}