As of February 26, 2025, Bitcoin (BTC) is trading at approximately $85,836, reflecting a decline of about 3.37% from the previous close.

This downturn is part of a broader trend, with Bitcoin's value decreasing by over 20% since reaching an all-time high of $109,000 in January 2025. Several factors have contributed to this decline:

Market Sentiment: Initial optimism surrounding President Donald Trump's pro-crypto policies has waned due to concerns over trade policies and tariffs, leading to increased market uncertainty.

Security Breaches: A significant $1.5 billion hack of the Bybit exchange has undermined investor confidence in cryptocurrency security.

Economic Factors: Fears of inflation and potential interest rate hikes have prompted investors to reassess their positions in riskier assets, including cryptocurrencies.

Technical analysis indicates that Bitcoin has breached the $90,000 support level, with the next critical support around $86,000. A sustained drop below this threshold could lead to further declines toward $80,400 and $74,000.

Despite the recent downturn, some analysts maintain a bullish long-term outlook. Projections suggest that Bitcoin could reach between $122,000 and $150,000 by late 2025, driven by factors such as increased institutional adoption and favorable regulatory developments.

In summary, while Bitcoin is currently experiencing a downward trend influenced by market sentiment, security concerns, and economic factors, its long-term trajectory remains a subject of active analysis and debate among experts.