Bitcoin Plummeted 5% to 1.3 Billion IDR, Why did the Crypto Market Crash Today (2/27/25)?

Jakarta, Pintu News—The price of Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- sharply declined by 5% on February 27, 2025, touching 1.3 billion IDR. This decline reflects the tensions currently plaguing the cryptocurrency market, with global economic factors adding to investor anxiety.

Uncertainty caused by a potential world recession, strict trade policies, and fears of a tech bubble have worsened Bitcoin’s prospects. Amid this wave of pressure, many are wondering: Is there any sign of recovery for Bitcoin in the near future?

Bitcoin (BTC) Price Plunges 5.16% in 24 hours

The price of Bitcoin (BTC) recently fell sharply to as low as IDR 1.37 billion (USD 83,500) on February 26, 2025. This was the worst drop since November 2024, totalling more than IDR210 million (USD12,820) in three days.

The fall also impacted the crypto market, where over IDR 16.5 trillion (USD 1 billion) in leveraged long positions were liquidated. Analysts estimate that global economic uncertainty and concerns about a possible recession were the main triggers of this sharp decline.

Read also: Rocketing 75.33%, How Much is 1 Pi Network (PI) to the Dollar Today (2/27/25)?

Global Economic Factors and Uncertainty Looming Over the Crypto Market

One of the main reasons behind Bitcoin’s decline is global economic uncertainty. Crypto markets, including Bitcoin (BTC), are often heavily influenced by macroeconomic conditions.

For example, the 2.2% decline in gold prices in the past two days added to market concerns. Although gold is considered a safe haven asset during times of uncertainty, the price of the precious metal has also declined. This suggests that investors may be increasingly reluctant to take big risks, including in the cryptocurrency market.

On the other hand, many large companies, such as Nvidia, could experience difficulties, given trade tensions and restrictions on chip exports to China.

Concerns about the artificial intelligence AI->Current AI PriceRp 0Market Cap-Trading Volume-Circulating Supply- bubble also dampened investors’ appetite for riskier assets, as 5-year US bond yields fell to their lowest level since December 2024.

With this tension, crypto markets like Bitcoin have been under pressure, especially when the outflow of funds from Bitcoin ETFs (Exchange-Traded Funds) reached more than IDR 18 trillion (USD 1.1 billion).

Read also: How much does 1 Pi Network (PI) cost (2/27/25)?

Is There a Sign of Recovery for Bitcoin?

In the face of this significant drop, Bitcoin (BTC) needs to see positive market signals to recover.

However, the pressure from the Bitcoin options market, which will mature on February 28, 2025, seems to be worsening the prospects for price increases. Traders who were initially optimistic about the possibility of Bitcoin returning to a price of 1.56 billion IDR ($95,000) are now increasingly doubting the market’s power to recover.

In fact, the put options that dominate the market suggest that the Bitcoin price will likely remain below 1.44 billion IDR ($88,000) until the maturity deadline.

According to Cointelegraph, given the highly risky market conditions, confidence in Bitcoin is now very limited. Without major support from institutional investors and improving economic factors, Bitcoin faces a major challenge in maintaining its value and continuing its rise to higher prices.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Bitcoin price falls to $83.4K – Should BTC traders expect a swift recovery?. Accessed February 27, 2025
• Featured Image: Generated by AI