Bitcoin Price Plummets, Binance CEO Assures Market of Short-Term Rebound

Bitcoin experienced a dramatic drop below $90,000 on February 25, 2025, marking the first time it’s fallen below this level since November 2024. This significant decline is attributed to rising fear in the crypto market following President Trump’s announcement of continued tariffs on Canada and Mexico, effectively ending a 30-day pause on the implementation of these tariffs. Analysts believe that Bitcoin’s price will likely rebound as it has done before amid periods of volatility.