Wall Street Breakfast Bitcoin slips below $90K as crypto stumbles
Feb 25, 2025
Bitcoin's plunge below $90,000 raises eyebrows as a crypto selloff intensifies. In other news, Apple has ironed out an agreement with Indonesia to lift the iPhone 16 ban. Meanwhile, drug compounders are taking legal action against the FDA regarding semaglutide. On the commodities front, gold prices soar amid tariff concerns. Plus, a surprising egg surcharge at Denny's highlights ongoing supply chain issues.
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Bitcoin Dips Below $90K
- Bitcoin dropped below $90,000 for the first time in a month, trading around $87,000.
- This decline is attributed to bearish crypto market sentiment and U.S. stock struggles.
Crypto Market Sell-Off
- Ether is down 11%, while Solana dropped 15% in a day and 45% over the past month.
- The sell-off follows renewed trade tensions and a security breach at Bybit, where $1.5 billion was stolen.
Apple-Indonesia Deal
- Apple and Indonesia agreed to lift the iPhone 16 ban after a five-month standoff.
- Apple committed to a $1 billion investment, including an AirTag plant and local training initiatives.