Recently, cryptocurrencies have been going through a rough patch. Even bitcoin is going through a difficult period: On February 25, its price dropped from $89 thousand to its lowest level since October 2024. Approximately 12% of all bitcoin addresses have suffered losses.
On the Ethereum chart, there is a «death cross» — crossing of the 50-day moving average below the 200-day, which is a bearish signal (for further decline). Since Bitcoin and Ethereum are closely correlated, this adds to the pessimism in the market.
Other popular tokens are also under pressure: BNB, SOL, DOGE, and LINK are all trading below their 200-day SMAs, as is ETH.
Interestingly, in 2020, former Binance CEO Changpeng Zhao (CZ) made a prediction about the BTC exchange rate in 2025. He wrote about a drop from The current situation suggests that a further drop is possible. This was also mentioned byFoundation Devices CEO Zach Herbert and cryptanalyst Ali Martinez.
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