Crypto Market Faces Significant Decline

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26 Feb 2025

Crypto Market Sees Major Downturn

Major Decline in Crypto Market Capitalization

The cryptocurrency market faced substantial losses on Tuesday, as evidenced by several on-chain metrics that suggest bitcoin's (BTC) price may have hit a new low.

Market Cap Plummets

Data from TradingView highlighted that the overall market capitalization for cryptocurrencies lingered slightly above the $2.7 trillion mark. This decline represents a staggering reduction of nearly $1 trillion from its zenith reached in December 2024.

Market Insights

Despite the downturn, various metrics imply that the sharp sell-off might indicate the establishment of a local bottom in the market.

Future Outlook

Speculation is rife, with some industry leaders predicting that bitcoin could soar to $250,000 by 2025.

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