Bitcoin Dips Below $90K Following Historic Crypto Hack
After hitting record highs last year, bitcoin has lost a bit of its luster.
The world’s most popular cryptocurrency saw its largest one-day drop in months on Tuesday (Feb. 25) amid a range of factors, including concerns about tariffs in the U.S. and the recent, record-breaking theft of $1.5 billion in ether currency from the Bybit exchange.
The price of bitcoin fell below $90,000 on Tuesday, its lowest level since November. The coin had exceeded $100,000 late last year, buoyed by optimism that the incoming Trump administration would relax regulations.
But as Reuters noted in a report Tuesday, other than the naming of crypto-friendly officials early in the administration, investors have had little in the way of…
