#MastertheMarket Bitcoin dropped below the $89,000-mark for the first time in more than three months on February 25, amid a broad sell-off in the crypto market. The crypto coin crashed over 7 percent to trade at $88,893, as per data on Binance at 3.20 pm.

Ethereum meanwhile tumbled 10.5 percent to trade at $2,388. Solana also recorded strong losses, crashing over 13 percent to trade at $137.87.The market capitalisation of Bitcoin stood at $1.76 trillion.

The sentiment has been bearish in the crypto market following a series of recent setbacks. This included the biggest-ever crypto hack at the exchange Bybit, and a meme coin scandal involving Argentina’s President Javier Milei.