February 2025: Price decline, hacking attack, and future prospects

As February comes to an end, we summarize a month marked by price movements, the largest hacking attack to date, and hopes for a brighter future for Bitcoin.

Bitcoin’s price has generally declined throughout the month. On February 1st, bitcoin traded at 102 402 dollar, but soon dropped to 91 242 dollar, a decline that coincided with Donald Trump’s announcement of new tariffs on neighboring countries. On the last day of the month, the price opened at 80 300, marking a total drop of just over 20%.

Market uncertainty following Trump's announcement is believed to have affected investors' risk appetite, leading to the sell-off of more volatile assets like Bitcoin.

"Trump’s announcement of new tarrifs created uncertainty and increased selling pressure," says Erik Vesterlund, COO at BTCX. "However, institutional interest in Bitcoin remains strong, and we have seen similar dips often followed by significant recoveries".

Largest hacking attack: 1.5 billion dollars stolen

February also saw one of the biggest security incidents in crypto history. The cryptocurrency exchange Bybit was hit by a massive hacking attack, where 1.5 billion dollars in Ethereum was stolen. According to experts, the attack is believed to be linked to a North Korean hacker group known for similar attacks.

Bybit has assured its customers that their assets are safe, but the incident added further pressure on the crypto market and raised concerns about security within the industry.

Future prospects

Despite the month’s challenges, many analysts remain optimistic about Bitcoin’s future. Anthony Scaramucci predicts that bitcoin could reach 200 000 dollar in 2025, driven by increased institutional adoption and the possibility of the U.S. holding Bitcoin reserves.

Historical data also shows that February in post-halving years often delivers strong returns, with an average increase of 40%. This gives investors reason to look ahead with confidence.

February has thus been an eventful month for Bitcoin, with price volatility, market concerns, and security incidents. At the same time, long-term trends point to continued growth and opportunities for those who look beyond short-term fluctuations. As always, it is crucial to make well-informed investment decisions.