You must confirm your age to access this page.
Share:
JAKARTA Bitcoin hit its lowest level in more than three months on Tuesday, February 25, after the uncertainty of the global market due to the US tariff policy exacerbated sentiment of crypto investors that had been hit hard by the $1.5 billion hack on the Bybit exchange last week.
The world’s largest cryptocurrency fell below $ 90,000 (IDR 1,471,050,000) for the first time since November 18, dropping to 7.5% before finally trading at 89,314 US dollars, down 5% a day.
Global investors are currently on alert to a potential US economic slowdown, while US President Donald Trump is preparing to impose a 25% tariff on imports from Canada and Mexico from March. This protectionism policy increases uncertainty and encourages investors to switch to safer assets such as US government bonds, which are experiencing significant price increases.
“The macroeconomic situation has been the main reason for price drops in recent hours,” said Marcel capismeier, a crypto asset analyst at DZ Bank. “The announcement of continued rates and Trump’s protectionism policy has created uncertainty again, fueling fears of trade wars and rising inflation.”
Apart from macro factors, last week’s cyberattack on the Bybit exchange also added to the negative pressure on the crypto market. This hack is the largest in crypto history, with the stolen value more than double compared to the previous largest crypto theft case.
Joseph Edwards, head of research at Enigma Securities, said that the fall in prices today may be a “delayed reaction from Bybit hacking.”
“The market had defended well after this incident, but usually there is a price to be paid then when the initial reaction did not happen immediately,” he said.
Bad effects are not only felt by Bitcoin. Ethereum (ETH), the second-largest cryptocurrency, fell 9.5% to $2,386, hitting its lowest level since October 2024. Meanwhile, other altcoins experienced a sharper decline, with Dogecoin (DOGE), Solana (SOL), and Cardano (ADA) dropping about 20% each in the past week, according to CoinGecko data.
Apart from external factors, the crypto market is also under pressure due to a lack of positive catalysts that could push prices higher. Initially, optimism that the Trump administration will support the crypto industry through pro-Bitcoin policies and regulatory easing had pushed the price of Bitcoin to a record high of 100,000 US dollars (Rp1.63 billion) in December. However, since Trump’s inauguration in January, no concrete steps have been taken to support crypto market growth.
In addition, investors are starting to withdraw funds from Bitcoin-based ETFs. LSEG data shows that the funds coming out of Bitcoin ETF this month are estimated at USD 644 million, which is the largest outflow since the product was launched in January 2024.
With a combination of macroeconomic pressure, hacking of Bybit, and a lack of new positive catalysts, the crypto market is currently in a bearish phase. Bitcoin, which once set a record, must now struggle to maintain price levels amid global uncertainty and rising investor sell-offs.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
Tag: bitcoin aset kripto kripto
© 2025 VOI – Waktunya Merevolusi Pemberitaan
Bitcoin Falls Below IDR 1.4 Billion, Global Market Turmoils And Impacts Of Bybit Hacking – VOI.ID
