Bitcoin
(BTC), the world’s leading cryptocurrency, has taken a significant hit,
dropping below $91,000 as of February 25, 2025. From macroeconomic
uncertainties to market-specific dynamics, several factors are contributing to
why Bitcoin is falling and why its price is down today.
In this
article, we’ll break down the latest insights and explore the reasons behind
Bitcoin’s current struggles. Especially since the price has reached its lowest
level in three months, and some experts suggest that it may soon drop to around
$70,000.
Why Is Bitcoin Price
Falling?
As of
today, Bitcoin (BTC) has fallen over 4.5% in the past 24 hours, reaching its
lowest level since late November at under $91,000, according to CoinMarketCap
data. This drop mirrors a broader crypto market decline, with the total market
capitalization shedding 8%, sliding from over $3.31 trillion to approximately
$3.09 trillion.
It’s worth
noting that Monday’s nearly 5% decline was the steepest since January 25, when
BTC dropped 5.2%, losing over $5,000 in a single day.
Other
cryptocurrencies also saw significant losses. Ethereum (ETH) dropped 8.5% to
below $2,500, while XRP lost 9% of its value, trading at $2.25. In my previous
post, I
also reported the stronger slum of Dogecoin’s (DOGE) price to November 2024
lows. The cascading effect has triggered nearly $1 billion in liquidations,
with long Bitcoin bets accounting for over $57 million of that total, per
CoinGlass.
Why is Bitcoin price down today? Source: CoinMarketCap
Bitcoin Price Technical
Analysis
Based on my
technical analysis, Bitcoin is currently testing the lower boundary of a
three-month consolidation range, which lies between $92,000 and $90,000. The
last interaction with this level in early February did not lead to a
significant upward correction, and the upper boundary of the range was last
tested in mid-January.
However,
there is a strong accumulation of buy orders at the current level, which, in my
view, could make it difficult for buyers to push through. If this level is
breached, my next target would be the 200 EMA, located just below $86,000.
Bitcoin’s Price Drops to Three-Month Lows – BTC/USDT Technical Analysis. Source: TradingView.com
Why is
Bitcoin falling now? Let’s dive into the key reasons behind this downward
spiral.
5 Reasons Bitcoin Is Crashing
Trump’s Tariffs Spark Crypto
Market Uncertainty
One of the
most immediate catalysts for Bitcoin’s price drop today is the announcement
from U.S. President Donald Trump…
