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Bitcoin tumbles to $80k for first time since November
Bitcoin fell to its lowest level in over three months, dropping below US$80,000 on Feb.28.
The cryptocurrency decreased more than 5% during the day, reaching US$79,666, the weakest point since Nov. 11, 2024.
This decline comes amid reduced optimism regarding United States support for digital currencies and uncertainties surrounding US President Donald Trump’s tariff plans.
The situation was further exacerbated by a significant US$1.5 billion hack of rival cryptocurrency ether.
Bitcoin has lost about 25% of its market value since peaking above US$105,000 in mid-December.
Recent Bybit developments
| Timeline |
|---|
24-Feb-2025 🔒 Bybit CEO guarantees 80% of stolen ethereum recovered
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23-Feb-2025 💰 Bybit offers $140m bounty after $1.4b crypto hack
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22-Feb-2025 💰 Bybit hit by largest crypto heist, loses $1.5b
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12-Jan-2025 🚫 Bybit suspends services in India amid new regulations
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| 30-Dec-2024 ⚠️ Malaysia orders unregistered Bybit to cease operations |
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