BTC today fell below $90,000, and Bitcoin-related concept stocks all dropped significantly in pre-market trading

LB Select
2025.02.25 10:10
portai
I'm PortAI, I can summarize articles.

Today, Bitcoin experienced an epic plunge, dropping over 12% within 24 hours, with prices falling from an early session high of $91,000 to breach the key support level of $88,000, marking a new low since November 2024. As of the time of writing, Bitcoin is priced at $88,508. Bitcoin-related stocks were also affected, with MSTR down over 6% in pre-market trading, MARA down over 5%, Coinbase down 3.5%, and CLSK down nearly 4%. From a macroeconomic perspective, the uncertainty of U.S. economic policy, such as Trump's signing of an investment policy memorandum to strengthen scrutiny of investments in China, has led to a significant drop in Chinese concept stocks; the impact of Deepseek on the AI market, concerns raised by NVIDIA's earnings report, as well as increased risks in the U.S. labor market and potential changes in monetary policy, have all exerted pressure on the crypto market. Additionally, changes in the global macroeconomic environment, geopolitical risks, and tightening regulations are also affecting market confidence

Today, Bitcoin experienced an epic plunge, dropping over 12% within 24 hours, with the price falling from $91,000 in the morning to breach the key support level of $88,000, marking a new low since November 2024. As of the time of writing, Bitcoin is quoted at $88,508.

Bitcoin-related concept stocks were also affected, with MSTR down over 6% in pre-market trading, MARA down over 5%, Coinbase down 3.5%, and CLSK down nearly 4%.

From a macroeconomic perspective, the uncertainty of U.S. economic policies, such as Trump's signing of an investment policy memorandum to strengthen scrutiny of investments in China, has led to a significant drop in Chinese concept stocks; the impact of Deepseek on the AI market, concerns raised by NVIDIA's earnings report, as well as increased risks in the U.S. labor market and potential changes in monetary policy, have all exerted pressure on the cryptocurrency market.

At the same time, changes in the global macroeconomic environment, geopolitical risks, and tightening regulations are also affecting market confidence

Source: LB Select The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.