INSUBCONTINENT EXCLUSIVE:
The cryptocurrency market experienced a sharp sell-off on February 25, 2025, as Bitcoin (BTC) tumbled below $90,000 for the first time in
three months.The downturn, which saw Bitcoin hit a low of $87,736 before recovering slightly to $89,700 by the morning of February 26, was
driven by a combination of macroeconomic uncertainty and bearish technical signals.Broader market sentiment soured as major cryptocurrencies
like Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) also posted significant losses
short-term trend.Analysts observed that Bitcoin had exited a consolidation zone between $93,450 and $99,150, triggering accelerated selling
Momentum oscillators confirmed oversold conditions, but the lack of strong support below $87,000 raised concerns about further declines.Some
analysts warned that Bitcoin could test the $81,000 level or even fall to the $75,000-$65,000 range if selling persists
However, a potential rebound above $92,800 remains possible if buyers regain control, with resistance expected at $95,000.Crypto Market
Plunges as Bitcoin Breaks Key Support Amid Economic and Technical Pressures
(Photo Internet reproduction)Cryptocurrency Market OverviewEthereum also faced heavy losses, dropping over 7.6% to trade below $2,500 for
The breach of its critical $2,485 support level added to bearish sentiment before ETH stabilized near $2,400.While RSI indicators suggested
easing selling pressure, analysts emphasized that Ethereum must reclaim $2,485 to target its next resistance at $2,641
dropped to $2.06 before recovering above $2.25 as increased buying activity emerged at key support levels
The sell-off coincided with mounting macroeconomic concerns after U.S
President Donald Trump announced new tariffs on Canadian and Mexican imports.These measures heightened fears of inflation and economic
instability, weighing heavily on risk assets like cryptocurrencies
caution.Despite these challenges, some altcoins showed resilience
Litecoin saw increased activity amid growing optimism over a potential ETF approval
traders monitor critical support levels and upcoming economic data for signs of stabilization
Analysts agree that macroeconomic decisions and technical signals will play pivotal roles in shaping market recovery in the weeks ahead.
