The price of Bitcoin began 2025 with an interest -free performance in January, moving mainly on the side throughout the month. The negative start of the first -rate cryptocurrency to February – lowering around $ 92,000 on the first day – was a sign of what will happen later in the month.
The Bitcoin price has since slipped under $ 80,000, displaying one of its worst February performances in recent years. While several experts have shared their reflections and analyzes on this market slowdown, Crypto Coinbase Crypto analysts are among the last to weigh on the last Bitcoin record in February.
The weekly Bitcoin decline: what causes the drop?
In the latest market report, Coinbase analysts David Han and David Duong revealed that the Crypto and Bitcoin markets were somewhat uncertain. This change in the market condition follows bybit’s hacking of $ 1.4 billion and the drop in the macroeconomic environment.
According to Coinbase analysts, the latest news from the commercial rate and the decline in the feelings of consumers had an impact on the crypto and the United States earlier during the week. However, the equity market has rebounded due to improving the feeling of investors after the House of Representatives of the United States approved the budget of the year during the week.
The price of Bitcoin, on the other hand, has not shown this same level of resilience during the last seven days, has trouble recovering some of its crucial psychological levels higher at the level of $ 95,000. Now, the flagship cryptocurrency is negotiated just above the $ 80,000 mark, reflecting a drop of more than 12% last week.
Han and Duong believe that the failure of the Bitcoin of Blues’ Bitcoin Price of the beginning of the week was due to the absence of positive short -term catalysts for cryptographic space. In addition, analysts highlighted the lack of technical support in the region from $ 80,000 to $ 95,000.
Source: SoSoValue
The current feeling of weak investors is highlighted by the heavy outings suffered by the negotiated funds in Bitcoin exchange based in the United States, with more than 2.9 billion dollars withdrawn last week. “At the same time, loan markets have echoed the feeling of risk as the leverage decreased and that the financing rates have decreased at all levels,” added the analyst.
According to the report, nearly $ 2 billion in perpetual term contracts were liquidated at the start of the week, which considerably reduces the leverage on the market. Meanwhile, the base of the CME for Bitcoin and Ethereum fell 5%, the lowest since March 2023.
Bitcoin Price at a glance
When writing these lines, Bitcoin is estimated at around $ 85,200, reflecting a drop of 0.3% in the last 24 hours.
The price of BTC forms a doji candlestick on the daily timeframe | Source: BTCUSDT chart on TradingView
Istock star image, tradingview graphic
