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February 28, 2025 10:01 AM
The cryptocurrency market continues to face downward pressure as Bitcoin, Ethereum, and Solana experience significant declines from their recent highs.
Bitcoin has dropped 25% over the past 39 days, falling from its $109,588 all-time high to $82,726, according to HTX market data. Ethereum has fallen even further, shedding 45% over 74 days from its $4,107 peak to $2,223. Meanwhile, Solana (SOL) has suffered the steepest decline, dropping 55% from $295.8 to $131.6 in just 40 days.
The broader market downturn has been driven by profit-taking, macroeconomic uncertainty, and continued whale sell-offs. While some analysts see the correction as a healthy reset before another bullish phase, others remain cautious about further downside risks.
Investors are closely watching market sentiment and key support levels to assess whether a recovery is imminent.
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