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Bitcoin plunges below $87,000
Bitcoin's downward trajectory continued Tuesday, with the cryptocurrency dipping to a three-month low under $87,000.
Stephen Graves
February 25, 2025
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📝 What you need to know
Bitcoin’s downward momentum continued Tuesday morning as the cryptocurrency plunged to a three-month low beneath $87,000, as South Dakota followed Montana in pouring cold water on Bitcoin reserve plans.
Other cryptocurrencies were dragged down amid the market meltdown, with Ethereum, Solana, XRP, and Dogecoin dropping by double-digits. Ethereum’s slide was exacerbated by news that its Pectra upgrade hit an unexpected roadblock Monday, when it failed to finalize on the Holesky testnet.
And proving that bad news, like buses, comes in threes, disgraced former FTX CEO Sam Bankman-Fried broke his two-year silence on Twitter to weigh in on—of all things—government layoffs.
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💬 Quote of the Day
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And I can confirm that being unemployed is a lot less relaxing than it looks”
