Bitcoin falls below $90,00 for first time in a month, ether tumbles

02/25/2025 15:41

Cryptocurrencies bitcoin and ether dropped to multi-month lows on Tuesday, caught up in a general cross-market sell-off, and as traders continued to process last week's hack of $1.5 billion worth of ether from cryptoexchange Bybit. Bitcoin, the world's largest cryptocurrency by market value, dropped as much as 6% to $88,245, its lowest since November, and the first time it has fallen below $90,000 since the middle of January.

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LONDON (Reuters) - Cryptocurrencies bitcoin and ether dropped to multi-month lows on Tuesday, caught up in a general cross-market sell-off, and as traders continued to process last week's hack of $1.5 billion worth of ether from cryptoexchange Bybit.

Bitcoin, the world's largest cryptocurrency by market value, dropped as much as 6% to $88,245, its lowest since November, and the first time it has fallen below $90,000 since the middle of January.

No 2. cryptocurrency ether shed as much as 11% at one point to $2,333, its lowest since October.

(Reporting by Alun John; Editing by Amanda Cooper)

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