Bitcoin Falls Below $90,000 Amid Crypto Market Selloff & Record-Breaking Hacks
Updated: [25th February, 2025] | 
Reading Time: 5 Min
Author: [Global World Citizen] | Published on: GlobalWorldCitizen.com
Topline
Bitcoin has plunged below $90,000, marking its lowest point since mid-November as the crypto market faces a massive selloff following the biggest crypto heist in history and a series of meme coin controversies.
Key Facts
Bitcoin Price Crash – The world’s largest cryptocurrency dropped to $88,780 on Tuesday, marking a 7.5% decline in 24 hours.
From Peak to Plummet – Bitcoin has lost over 19% of its value since hitting an all-time high of $109,114 on Trump’s Inauguration Day (Jan. 20, 2025).
Ethereum Sees Bigger Losses – Ether (ETH), the second-largest crypto, fell more than 11% in 24 hours, reaching $2,390.
Altcoins Also Hit Hard – Other major cryptocurrencies, including:
- XRP (-14.3%)
- BNB (-6.4%)
- Solana (-15%)
The entire crypto market is seeing a deep pullback, with billions wiped out in just days.
How Has Trump’s Meme Coin Been Affected?
$TRUMP Token Price Crashes Over 82%!
Just before Trump’s Inauguration, he launched an official meme coin, $TRUMP, on the Solana blockchain.
Initially surged past $75 with a $15 billion market cap 
Tuesday price: $12.90 (
14% in 24 hours, 82% from ATH)
The disclaimer on $TRUMP’s official website warned it was “not an investment opportunity” but rather an expression of support for the president. However, many crypto leaders cautioned that a high-risk, volatile meme token tied to a political figure could damage the industry’s credibility.
Meme Coin Controversies Rock Crypto Markets
The $TRUMP token isn’t the only meme coin scandal making headlines. Several global leaders have been linked to controversial crypto projects, shaking investor confidence.
Argentina’s President Javier Milei & $LIBRA Token Scandal Milei promoted the $LIBRA token as a tool to boost Argentina’s economy, but early investors cashed out, crashing its price. Milei is now facing dozens of fraud cases.
Fake Premier of Bermuda Scammer A scammer impersonated Bermuda’s premier to promote a fake meme token, the Bermuda National Coin.
Central African Republic’s Meme Coin Disaster President Faustin-Archange Touadéra launched a meme coin to raise awareness for the country, but its value has plummeted by 97% since launch.
Is the meme coin bubble about to burst?
The Bybit Exchange Hack – Biggest Crypto Heist Ever!
Last week, crypto exchange Bybit was hacked, with $1.5 billion stolen in Ethereum (ETH).
Hackers gained access to one of Bybit’s wallets and drained ETH worth billions. CEO Ben Zhou reassured users that Bybit remains solvent, stating that customer funds are safe.
This hack is now the biggest crypto theft in history, raising concerns about security risks in the industry.
What’s Next for Bitcoin & Crypto?
With Bitcoin, Ethereum, and major altcoins plummeting, the market faces severe volatility.
Key Factors to Watch:
Will institutional investors step in to stabilize prices? Will government regulations tighten amid rising fraud cases? How will security measures improve after the Bybit hack?
What do you think will happen next? Share your thoughts in the comments!
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