Ethereum (ETH) is experiencing a major sell-off, plummeting over 25% in the past 24 hours and threatening to record its worst ever February performance. The market decline follows Tuesday’s significant dip in Bitcoin prices, pushing the overall crypto market cap down by more than 8% to $2.88 trillion. This downturn has resulted in a substantial loss of over $300 billion in market value across the cryptocurrency sphere. 2018 stands as the only other year where Ethereum’s price saw a significant dip during February, and analysts are now bracing for another challenging month. 2025 is proving to be an unpredictable year for the crypto world. The recent Bybit hack has further exacerbated the situation, causing panic in the market and fueling ETH’s downward trajectory. The attack stole over $1.5 billion, marking it as the largest cryptocurrency heist in history according to industry reports. 0.