Bitcoin has slid over 7% today, Ethereum has dropped 11% and Solana has tanked slowly by more than 33%. Meanwhile, meme coins have corrected sharply by close to 40%. This is a prime moment to dip your toes into crypto, but crypto is not done.
With the best tools, like a secure crypto wallet and DEX in hand, it is time to take advantage of the market
“Ok I am done, crypto is down. Should have just put all my money on red at the casino”. Would have been faster losing all or making it!!” A normal thought after prices across major coins like , , and take a hit. But again, today is just a dip with so many drivers.
Today’s sell-off has led to mass liquidations and headlines. Many wondering why crypto is tanking and what it means for the future. Yet, amid the dust settling over this sell-off, there’s a silver lining. Institutional players like Michael Saylor remain bullish.
“This is the bottom”
You said that 2months ago, why does it keep going down
— Crypto Sheikh (@thesheikhcrypto) February 24, 2025
Coiled Up Spring Always Bounce, Bitcoin Will Bounce
A mix of factors is shaking the market. For one, Bitcoin miners, who once thrived on big earnings tied to crypto mining and AI chip sales, are now facing hurdles.
Reports indicate that these firms’ Q4 2024 earnings were massive. However, recent trade tensions, tariffs, and delays in shipping critical mining hardware from China have squeezed their operations.
US customs scrutiny has slowed the delivery of mining chips, pushing some miners to offload Bitcoin holdings to cover costs. This selling pressure has swelled through the market, nudging crypto down.
Ethereum’s price has dipped despite Bybit scooping up $700 million worth of ETH after a $1.4 billion hack rattled its reserves.
Solana, too, has taken a beating. Solana is at its lowest price since October as the meme crypto coin frenzy is done and token unlocks flood the market with supply.
Yet, crypto is not done; it’s just down to give us an opportunity. While retail investors might be spooked, institutional money is quietly doubling down. Bitcoin is not down to put it into perspective, It’s closer to $100,000 than before halving.
Michael Saylor continues his relentless Bitcoin buying spree. His firm recently snapped up another 20,356 BTC for nearly $2 billion, pushing its total holdings toward a staggering 500,000 BTC. Saylor’s strategy is clear: he sees these dips as buying opportunities, not exit signals.
Goldman Sachs has stacked both Bitcoin and Ethereum ETFs. Coinbase, too, reported $420 billion in Q1 in volume, surpassing some traditional banks.
JUST IN: $3 trillion Goldman Sachs plans to convert its Digital Asset Platform into a blockchain venture for faster trading and settlements.
— Watcher.Guru (@WatcherGuru) November 18, 2024
This is the key point: The big players aren’t running away; they’re stacking. Today is the moment of the perfect entry point. Although crypto comes with a practical lesson, where and how you store your assets matters.
The recent Bybit hack, which saw $1.4 billion in Ether vanish before being tracked, tshowed he risks of centralized exchange or CEX. These user-friendly platforms act as custodians of your funds, leaving them vulnerable to hacks and mismanagement. Also, with regulatory crackdowns with the like of Japan’s recent push to delist unregistered CEX apps.
Bybit hack is your daily reminder:
not your keys = not your crypto
CEX will always be CEX. take custody of your assets or stay getting rekt… set up your own self custody wallets, and take your crypto off exchanges.
— Keyway (@Agent_Keyway) February 21, 2025
Where to Store Crypto, What is The Best Crypto Wallet?
In contrary to DEX or decentralized exchange. DEXs let you trade directly from your crypto wallet, cutting out the middleman. No one holds your keys but you, meaning your crypto stays yours and is secure from exchange failures.
“Not your key, not your wallet.” Store your crypto best in a self-custodial crypto wallet, and you’ve got a fortress for your funds. It’s about safety and control. With a DEX, you become a participant in a system built on crypto’s core of decentralization.
Best Wallet, powered by its native token $BEST is a top-tier choice for crypto investors with its seamless blend of security, functionality, and user empowerment. It’s a fully non-custodial crypto wallet; you hold complete control over your private keys and funds. No third party can freeze your assets or halt withdrawals.
Best Wallet supports thousands of crypto across over 50 blockchains, including heavyweights like Bitcoin, Ethereum, and Solana. Add to that its integration with Onramper for competitive exchange rates and low fees, and you’ve got a storage tool and gateway to crypto ecosystem.
The intuitive interface makes it beginner-friendly. In addition, features like multi-wallet management and cross-chain swaps via Best DEX help experienced traders.
Furthermore, Best Wallet has some exclusive perks by holding $BEST. By staking $BEST, users unlock benefits like reduced transaction fees and 153% APY staking rewards.
Best Wallet’s roadmap includes “Best Card” for real-world spending with up to 8% cashback. It’s backed by Fireblocks insurance and two-factor authentication.
Best Wallet is setting the standard for what a modern crypto wallet should be.
Download Best Wallet on Google Play or the Apple App Store .
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