Bitcoin has dropped below $90,000: reasons behind the cryptocurrency market crash.

The most popular cryptocurrency, Bitcoin, according to cryptocurrency exchanges, fell below $90,000 on February 25. In the morning, the price of Bitcoin fluctuated around $88,900, marking its lowest point since November 13 of last year.

This information is reported by Bloomberg, citing data from cryptocurrency exchanges.

Analysts believe that this decline is part of a larger sell-off in the cryptocurrency market. Investor sentiment has worsened due to a record breach at the Bybit exchange and issues related to meme coins associated with Argentine President Javier Milei.

Bloomberg noted that altcoins are falling in tandem with Bitcoin, as investors have reduced their positions in speculative assets. The second-largest cryptocurrency, Ether, dropped by 12.5% to $2,384, XRP plummeted by 13.4% to $2.15, and Solana fell by 14.7%. Among meme tokens, Dogecoin decreased by 12.4%, while $TRUMP fell by 14.2%.

Reports indicate that the market is concerned about the tariff plans of U.S. President Donald Trump: he has confirmed his intention to impose tariffs on imports from Mexico and Canada starting March 4.

According to analysts, this move by the U.S. president has created uncertainty in global markets, including the cryptocurrency sector. Investors are worried that tariffs could disrupt trade relations between countries, potentially leading to a withdrawal from riskier assets.

Bloomberg analysts believe that Trump's tariffs could trigger inflationary pressures and weaken economic growth—factors that impact investor confidence in volatile markets.

Background. Previously, Mind reported that Trump announced a 25% tariff on all steel and aluminum imports to the U.S. The U.S. president has communicated changes to tariff policies regarding other countries.