The Bitcoin Prize started in 2025 with an uninspiring performance in January and moved mostly sideways during the month. Premier Cryptocurrency Negative start to February – which released about $ 92,000 on the first day – was a sign of what’s coming later this month.
Bitcoin price has since slipped below $ 80,000And published one of the worst performances in February in recent years. While several experts have shared their thoughts and analysis on this market decline, analysts at the Crypto Exchange Coinbase are among the latest weighing on the latest Bitcoin February record.
Bitcoin’s Weekly decline: What is causing the decline?
In the latest market report Coinbase -analyst David Han and David Duong revealed That the crypto and bitcoin markets are in some uncertain state. This shift in the market conditions follows the village chop of $ 1.4 billion and the decline in the macroeconomic environment.
According to Coinbase analysts, the latest trade tariffs and the decline in the consumer’s sentiment index Crypto and US stock markets Earlier this week. However, the stock market bounced back due to improved investors’ feeling after the US representative house approved this year’s budget during the week.
The Bitcoin Prize, on the other hand, did not show the same level of resilience in the last seven days and struggled to regain some of its crucial psychological levels above the level of $ 95,000. Now the flagship Cryptocurrency is shopping just over the $ 80,000 brand, which reflects an over 12% decline in the past week.
He and Duong believe that the failure of the Bitcoin Prize from the early week Blues was due to the absence of positive catalysts in the short term for the crypto gym. In addition, the analysts emphasized the lack of technical support within the region 80,000 – $ 95,000.
Source: SoSoValue
The current weak investors’ feeling is illustrated by the heavy outflows suffered by the US-based Tot Bitcoin exchange traded funds, with over $ 2.9 billion that is withdrawn over the past week. “At the same time, the lending markets have repeated the risk of the risk as the leverage effect decreased and the financing levels fell across the line,” the analyst added.
According to the report Nearly $ 2 billion In eternal future, at the beginning of the week, which reduced the leverage effect on the market was reduced. At the same time, the CME foundation for both Bitcoin and Ethereum has dropped to 5%, the lowest since March 2023.
Bitcoin price
From this writing, bitcoin is valued at about $ 85,200, which reflects a decline of 0.3% over the past 24 hours.
The price of BTC forms a doji candlestick on the daily timeframe | Source: BTCUSDT chart on TradingView
Image from iStock, chart from tradingview
