Bitcoin plummeted by $10,000 in just three days. What’s happening in the cryptocurrency market?

The cryptocurrency has lost approximately 25% of its value.

https://finance.bigmir.net/ua/news/10007134-bitkoin-rukhnul-na-dollar-10-000-za-tri-dnya-chto-proiskhodit-na-kriptorynke2025-02-28 10:24:12

The price of Bitcoin (BTC) continues to decline, dropping to $79,688 on Friday, February 28. This represents a decrease of nearly $10,000 since February 25, according to data from CoinMarketCap.

From its historical peak of $109,241 recorded on January 20, the day of Donald Trump's inauguration, Bitcoin has lost around 25% of its value.

Cryptocurrency Market Crash: Key Figures

In the last 24 hours, Bitcoin has decreased by 7.45%.
Over the week, the decline has been 19.11%.
Ethereum (ETH) has lost 9.8% in a day, falling to $2,122. Over the week, it has seen a decrease of 23.2%.
XRP, BNB, and Solana have also dropped by 9%, 7%, and 8.6% respectively.

Reasons for the Decline

According to Bloomberg, the sharp decline in cryptocurrencies is linked to geopolitical instability and concerns about the economic situation in the United States. Additionally, investors are worried about potential measures from President Trump regarding cryptocurrencies.

However, according to Stefan von Haenisch, the director of over-the-counter trading at Bitgo in the Asia-Pacific region, traders still hold out hope for specific actions from the Trump administration that could impact the future of the industry.