$BTC As of March 5, 2025, Bitcoin (BTC) is trading at approximately $87,404.

In February, Bitcoin experienced a significant 17.5% drop, marking its largest monthly loss since June 2022. This decline was primarily driven by increased market volatility, concerns over a global trade war due to newly imposed tariffs by President Donald Trump, and a substantial cyber-attack on the Bybit exchange resulting in a $1.5 billion loss.

Currently, Bitcoin is navigating a complex market terrain, with key support levels around $80,000 and resistance near $100,000. Traders are closely monitoring these levels to gauge Bitcoin's next directional move.

Market sentiment has shifted from optimism to extreme fear, influenced by broader market sell-offs and geopolitical risks. Analysts suggest that the $70,000 level is the next significant support point to watch.

In summary, Bitcoin's market is currently marked by high volatility and uncertainty. Investors should remain vigilant, monitor key support and resistance levels, and stay informed about geopolitical developments that could impact the cryptocurrency market.