Bitcoin slips below $90K as crypto stumbles
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 25 February 2025
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Tuesday, February 25th. I'm Julie Morgan. Bitcoin dips below 90K. Apple and Indonesia have reportedly reached an agreement about the iPhone 16, and the OFA files another |
| 0:23.1 | lawsuit against the FDA. Bitcoin is extending its decline falling below the $90,000 mark for the |
| 0:31.2 | first time in more than a month. The most popular cryptocurrency traded at around $87,000 as of the time of this recording. BTC is under |
| 0:41.3 | pressure from widespread bearish sentiment across the crypto market and ongoing struggles in U.S. |
| 0:47.9 | stocks to recover from their recent downturn. Either the largest alt-coin by market cap is down |
| 0:54.0 | 11%. Solana is the worst performer |
| 0:57.5 | among the major cryptos, down 15% and around 45% over the past month. The sell-off comes amid |
| 1:05.7 | renewed global trade tensions with President Donald Trump reaffirming on Monday that tariffs on imports from |
| 1:12.4 | Canada and Mexico will go forward next week after a month-long pause expires. Adding to the |
| 1:19.0 | market's difficulties, cryptocurrency exchange by bit experienced a significant security breach, |
| 1:25.6 | resulting in hackers stealing $1.5 billion in digital assets |
| 1:30.2 | from the crypto exchanges Ethereum Cold Wallet. |
| 1:33.6 | Potential relevant crypto names include micro-strategy, Coinbase Global, Galaxy Digital Holdings, |
| 1:41.1 | Riot Platforms, Mara Holdings, Hive Digital Technologies, and Bit Digital. |
| 1:47.8 | Apple and Indonesia have agreed on terms to lift the country's iPhone 16 ban. |
| 1:53.3 | Bloomberg reported citing people familiar with the matter that this signals a potential end to a five-month standoff, |
| 2:00.3 | fueled by the government's efforts |
| 2:01.8 | to push Apple to meet domestic manufacturing requirements in the country. |
| 2:06.8 | Indonesia's Ministry for Industry may sign the agreement with Apple this week, with permission |
| 2:12.2 | for iPhone 16 sales to be reinstated as soon as possible. The iPhone maker committed to invest $1 billion in |
| 2:20.2 | Indonesia, which includes funds to set up an Airtag production plant and a facility for other |
... |
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