Bitcoin Tumbles Below $90,000: Is This the Start of a Crypto Market Crash?

The crypto market had been in bear mode since the fourth quarter of 2024 and already breached support on 25th February 2025. Even the crypto giant Bitcoin breached below the price level of USD 90,000 for the first time since December, as the latest victim of this so-very-spreading rout of cryptocurrencies. 

Live Chart Link: https://ycharts.com/indicators/bitcoin_price

The crypto gauge has dropped back into the extreme fear zone at 21, a record low since August 2024. 

Live Chart Link: https://www.coinbase.com/price/solana

But Bitcoin is not the only victim of this abrupt crypto downfall – Ethereum and Solana have also fallen to October 2024 levels once again.   

If this sell-off trend continues for another month, ETH’s price could tank by almost 35% from the current price while SOL might experience a much steeper decline of around 80%. 

Live Chart Link: https://www.coinbase.com/price/ethereum

However, previously, this sudden incident of massive sell-offs attracted many greedy speculators – so we’re expecting the same thing to happen again.   

What Does the Future Hold for Crypto Market? 

Former BitMEX CEO Arthur Hayes has reasoned that Bitcoin will fall to USD 70,000 in the next few days if hedge funds continue to close out positions. He further explained that the funds are essentially attempting to reap the “basis spread,” which results from the divergence between shorts of CME-traded futures and ETF longs. It looks great on paper as long as its profit is higher than the yield on short-dated government debt.  

MicroStrategy Inc., however, is “having a ball” during this Bitcoin decline, as the company has purchased 20,356 BTC again at USD 1.99bn recently. It currently holds 499,096 BTC (valued at USD 33.1bn) and the number is sure to go even higher.