Why is crypto going down… again? We said it earlier this week, but it’s worth reiterating: here at 99Bitcoins, we feel like we’re in a time machine.
Our smartest TA guys have been predicting this crash for months, but we also predict the market will bounce and break ATHs soon afterward.
Bitcoin’s plunge below $85K has shattered a month-long streak, leaving the crypto market reeling. Ethereum, Solana, and other key players followed suit, deepening the bloodbath. The question now isn’t just how low it can go but what comes next for the market. We’ll also discuss a new presale that could perform well in this bear trap.
Why is Crypto Going Down? Lingering Shadows of Past Scandals
The crypto boom of 2021 turned everyday gamblers into overnight investors, high on promises of easy riches. Then came the implosions—FTX, Celsius, Genesis—ripping billions from hopeful hands and sinking trust in the sector. Scams and crashes, like the recent Libra memecoin debacle, keep the cycle alive.
Jack Lu of Magic Eden bluntly summarized: “What we need is trust.” For now, trust is lacking.
Sell a kidney if you must, but keep the Bitcoin.
— Michael Saylor⚡️ (@saylor) February 28, 2025
Regulatory Progress Offers Hope
There’s a small but growing light at the end of the crypto regulation tunnel. Trump’s executive order aims to boost the digital asset space while Congress crafts bills to regulate stablecoins and sort out the fragmented system.
Even the SEC is loosening its hardline tactics, stepping back from high-profile investigations like those into Coinbase.
The regulatory wins come against a backdrop of ongoing challenges. A recent Security.org survey highlights that nearly 59% of crypto investors still don’t trust the technology.
Concerns over unstable values, frequent cyberattacks, and limited real-world use cases have cast long shadows over the sector.
Moreover, Bybit’s recent historic $1.5 billion Ether hack didn’t just drain wallets; it drained more consumer confidence in the markets.
Bitcoin’s slip below $85K could mark a turning point for the market. Institutional enthusiasm hasn’t faded, but retail isn’t buying in like in 2021. Still, the pattern is that we will rebound by springtime when the Trump administration’s loose crypto regulatory laws start going into effect.
There’s a lot of noise in the market right now – conflicting narratives everywhere.
But here’s the reality – or at least my take on what’s really going on:
Everything happening in markets right now, especially in crypto, is a direct consequence of the tightening of financial… pic.twitter.com/iLPqiyw3LX
— Julien Bittel, CFA (@BittelJulien) February 28, 2025
The crypto market’s next move hinges on external forces—from unpredictable Trump-era movements to Michael Saylor to the ending of Ukraine and Israeli wars.
Either way, if we crash to even 75k, we’re not that concerned mid-term.
Why Is Crypto Crashing Today? Buy BTC Bull Token Presale While it Does
With hours left in its first presale stage, BTC Bull Token ($BTCBULL) is increasing the pressure. The new meme coin, priced at $0.002385 in this early phase, has already hauled in $2.7 million.
Investors seem drawn to its unique appeal—Bitcoin airdrops for token holders and steep incentives for buying early.
Bitcoin’s 125% rally in 2024 has it eyeing $150,000, a 54.7% jump from its current $96,974. If it doubles again, $BTCBULL holders inch closer to the first token burn, adding further intrigue to the project.
Historically, crypto thrives a year after Bitcoin’s halving to deliver double-digit Bitcoin gains.
BTC Bull Token investors stand to benefit, especially those staking at 308% APY. Early adopters of $BTCBULL could ride a wave of Bitcoin momentum straight into 2025 while collecting airdrops along the way.
To join the presale, head to the BTC Bull Token site. Use the Best Wallet app to buy $BTCBULL with ETH, USDT, or even a bank card. Best Wallet simplifies the process—no Bitcoin wallet is needed, as everything syncs seamlessly within one app.
Stay in the loop via X and Telegram as $BTCBULL shakes up the market
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