Bitcoin drops 0.9% to 64,169.6 dollars
Istanbul, February 25 (Hibya) - Uncertainty regarding the U.S. tariff policy negatively affected risk appetite for cryptocurrencies, and the world’s largest cryptocurrency, Bitcoin, dropped 0.9%, falling to 64,169.6 dollars.
The second-largest cryptocurrency in the world, Ether, fell 0.1% to 1,857.78 dollars and remained close to its early February lows. XRP and BNB lost 0.2% and 1.9% respectively, while Cardano dropped 1.4%. Solana, however, showed an opposing movement, rising by 0.9%.
Among the memecoins, Dogecoin lost 1.1%, while $TRUMP gained 1.3%.
As institutional and retail traders continue to sell off their assets, the overall cryptocurrency prices have continued their recent declines. The growing geopolitical uncertainty regarding Iran and the AI-driven wave of selling on Wall Street have negatively impacted market sentiment.
After the recent losses, Bitcoin is now trading nearly 50% below its record high of 126,186 dollars reached in early October.
Usa News Agency
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