Bitcoin Falls 25% To $80,000 From All-Time High Of $109,241 Amid Crypto Sell-Off

Bitcoin fell 25 per cent on February 27, 2025 from its previous all-time high of $109,241 on January 20, 2025, the day Donald Trump took oath as the 47th President of the United States.

On February 28, 2025, Bitcoin fell to $80,159.00, down 2.8 per cent from its previous listing of $81,919.70 on February 27, 2028, its lowest price since November 11, 2024, according to Bloomberg.

Other large digital currencies, such as Ether, Solana, and XRP have all lost substantial value over the last few days.

Since hitting a record high of $109,241 on January 20, 2025, Bitcoin has been on a falling spree over widespread economic concerns in the US and Trump’s aggressive trade policy stance. There has also been a change in risk appetite, with investors shedding position after Trump’s election to office. The traditional markets have not been spared this trend either, with the S&P 500 falling this week after weak US consumer confidence data that caused alarm about economic growth.

With Bitcoin’s slide indicating no slowdown, market analysts are watching major support levels closely. According to Bloomberg, Ruslan Lienkha, markets chief at crypto platform YouHodler, cted $70,000 as a technical support level that could act as a floor. But he warned investors against the expectation that the decline will hit that point.

Nevertheless, traders are worried that Bitcoin could slide further in view of the increasingly unpredictable market conditions.

Vedang Vatsa founder, Hashtag Web3 says: “Its (Bitcoin’s) decline appears linked to broader market shifts. Developments, such as proposed tariffs on key trading partners and reports of major digital asset security breaches seem to have influenced investor sentiment. These events, along with ongoing debates over economic policy and market stability, contribute to an uncertain environment that could continue to affect Bitcoin’s value.

At the time of writing, the global crypto market was down, with the total market cap down by 7.50 per cent to $2.63 trillion. The total trading volume was down by 3.28 per cent to $151.22 billion. Bitcoin was down by 6.80 per cent to $80,159.00, while Ethereum was down by 8.61 per cent to $2,113.80, according to data from coinmarketcap.