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news-imageFebruary 28, 2025

Bitcoin needs ‘key' $75k support to avoid price drop amid macro concerns

Global trade concerns continue pressuring investor sentiment, risking a potential Bitcoin correction below the key $75,000 support level.
Publisher: Cointelegraph
Sentiment: Negative
BTC

More News Articles

Negative
cover-imageUToday
February 28, 2025

$3,868,168,653: Saylor's Strategy Loss on Recent Bitcoin Purchases

The biggest corporate buyer of Bitcoin, Strategy (formerly MicroStrategy), is under tremendous pressure as a result of the recent decline, as the company now faces an amazing $3.86 billion in unrealized losses in its recent Bitcoin acquisitions. Michael Saylor led the company's aggressive accumulation strategy, which has drawn praise and criticism.

Negative
cover-imageYahoo Finance
February 28, 2025

Why bitcoin price is dropped, plus what could drive it higher

While bitcoin (BTC-USD) slid drastically this week and now hovers above $84,000, the US Securities and Exchange Commission (SEC) has motioned to dismiss its case against cryptocurrency exchange Coinbase (COIN). Bitcoin Opportunity Fund co-managing partner James Lavish joins host Josh Lipton for a conversation on the crypto space's sentiments under the second Trump administration and recent outflows in spot bitcoin ETFs.

Negative
cover-imageYahoo Finance
February 28, 2025

Bitcoin has worst month since June 2022

Bitcoin (BTC-USD) has fallen to its lowest levels since June 2022, trading just above the $84,000 mark Thursday afternoon. Yahoo Finance Markets & Data Editor Jared Blikre examines this significant price decline while analyzing the health of the broader cryptocurrency market.

Negative
cover-imageBenzinga
February 28, 2025

Bitcoin Plummets Below $80,000, Ethereum, XRP, Dogecoin Get Hammered As Crypto Crash Continues

Bitcoin (CRYPTO: BTC) continues to tumble, falling as low as $78,433 in early Friday morning hours amid a record streak of spot Bitcoin ETF outflows. What Happened: According to data from SoSoValue, U.S. spot Bitcoin ETFs have seen $3.2 billion in net outflows over an eight-day period, matching the longest negative streak since their debut.

Negative
cover-imageBloomberg Markets and Finance
February 28, 2025

China Warns US as Canada, Mexico Tariffs On Track; Bitcoin Slumps | Bloomberg The Pulse

China warned it would hit back at Donald Trump's trade threats after the US president unveiled additional tariffs on Chinese imports, raising the risk of tensions spiraling between the world's largest economies. Trump said 25% tariffs on Canada and Mexico would come into force from March 4, while Chinese imports would face a further 10% levy.

Negative
cover-imageCrypto Economy
February 28, 2025

Crypto Bloodbath: Bitcoin and Ether Plunge on Tariff Uncertainty

TL;DR Market Plunge: Bitcoin and Ether drop below key levels, $80K and $2,100 as tariff uncertainty shakes investor confidence. Tariff Tension: U.S. tariff hikes on imports stoke fears of trade wars, potentially driving inflation and economic slowdowns. Liquidation Wave: Hedge fund sell-offs trigger over $1.34B in crypto liquidations, dragging down overall market cap by 7.25%.

Positive
cover-imageTokenpost
February 28, 2025

Bitfinex Traders Bet on Bitcoin Rebound as Market Dips

Bitcoins (BTC) price has dropped over 20% this month, marking its worst performance since June 2022. Despite the decline, traders on crypto exchange Bitfinex, known for accurately predicting market tops and bottoms, are increasing their long positions, signaling potential optimism for a rebound.

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