The disappointments from several US states rejecting strategic Bitcoin reserves sent shockwaves to the entire crypto market, with the US spot BTC ETFs bleeding profusely.
The South Dakota legislature delayed a vote on a bill on Monday that could have allowed the state to adopt Bitcoin (CRYPTO: BTC) as a strategic reserve asset. What happened: The majority of lawmakers at a meeting of the state's House Commerce and Energy Committee voted to defer the bill to the 41st day of South Dakota's legislative session.
U.S. spot Bitcoin ETFs saw a big spike in net outflows on Feb. 24, with most of it coming from Fidelity and BlackRock's funds as market sentiment turned sour.
According to the investment firm, Bitcoin's adoption is accelerating. Institutional investors, corporations, and even governments are getting in on the action.
Bitcoin's price has fallen below $91,000, testing critical support levels due to Trump's new tariff announcements, waning institutional demand, and broader market correlation.
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Bitcoin fell below $90,000 for the first time since November 2024 as ETF outflows continued, crypto liquidations surpassed $1.3 billion and US-China trade tensions weighed on investor sentiment.
Matrixport sees growing risk of deeper decline as Bitcoin slips below key pattern amid low trading activity. Bitcoin (BTC) broke out of an ascending broadening wedge, a typically bearish pattern, with a 6.
Analysts offer mixed views on BTC next direction as bearish pressure persists.
Bitcoin evangelist Michael Saylor, co-founder and the executive chairman of Strategy in charge of its BTC course, has addressed the global community to comment on the current 7.11% Bitcoin collapse.
On Monday, U.S. spot-listed bitcoin ETF outflows rose to $516 million as bitcoin tumbled toward $90,000.
Cryptocurrencies bitcoin and ether dropped to multi-month lows on Tuesday, caught up in a general cross-market sell-off, and as traders continued to process last week's hack of $1.5 billion worth of ether from cryptoexchange Bybit.
Liquidations crossed the $1.35 billion level in the past 24 hours as a market slide worsened.
The Bitcoin price has fallen more than -8.8% since Friday when Bybit suffered the biggest crypto hack in history. The flagship digital asset reached a peak of $99,493 late last week, only to retreat to roughly $91,500 at press time, marking a -5.5% decline since Monday.
Bitcoin failed to maintain its price in Tuesday's early hours, falling to nearly $88,600 and losing its $90,000 key support zone as investors ran to more stable assets in the wake of a new trade war.
Cryptos are experiencing a new episode of brutal volatility, shaking a market already weakened by macroeconomic uncertainties. Solana is collapsing by 14%, XRP and Dogecoin are down more than 8%, while Bitcoin has dipped below $91,000.
After a failed attempt to revisit $100K on February 21, Bitcoin (BTC) reversed. As a result, BTC price crashed 11.36% to $88K.
Metaplanet's Bitcoin Investment reaches 2,235 BTC after acquiring 135 BTC for $12.9 million at an average price of $96,000 per coin.
Bitcoin has dropped 8% in February and is on track for its first negative monthly return since February 2020.
An analyst known for correctly timing the 2021 crypto crash is warning that Bitcoin (BTC) is getting close to witnessing a waterfall event. Pseudonymous analyst Dave the Wave tells his 148,300 followers on the social media platform X that Bitcoin is currently testing whether support at around $90,000 will hold.
Bitcoin's price has recently experienced a notable decline, crashing below $90,000 after slipping through critical support levels. The drop came as BTC struggled to maintain momentum, straying farther from the $100,000 mark.
There is blood all over Satoshi Street, with little hope of recovery in the coming days the market is sinking to its lowest levels with Bitcoin trading at a critical level of $89K. With the constant pull in Bitcoin prices after January's $108K show, major investors pull their money out of U.S. spot Bitcoin ETFs.
BTC hits three-month as Nasdaq futures point to continued risk aversion in stocks and the anti-risk Japanese yen strengthens against the U.S. dollar.
As Bitcoin (BTC) is expected to have a significant breakthrough, analysts forecast a clear price surge to $150,000 in the following few weeks. Institutional interest rises, and macroeconomic events seem positive; BTC remains steady at $97,000.
HK Asia Holdings Limited, a Hong Kong-based investment firm, has made another significant move in the cryptocurrency space, purchasing an additional 7.88 BTC worth $761,705. This decision follows an extraordinary 1,700% surge in the company's stock price, highlighting its growing focus on digital asset investments and bolstering its position in the expanding crypto market.
Many altcoins have registered massive price losses over the past day.
Metaplanet and El Salvador increased their Bitcoin holdings ahead of a significant market downturn on February 25, when Bitcoin prices dropped by 5%. The post Metaplanet and El Salvador Acquire More Bitcoin Amid Market Slump appeared first on Cryptonews.
Bitcoin is evolving in a context of uncertainty marked by economic fluctuations and contradictory signals in the financial markets. Amidst the resistance of safe-haven assets, low volatility, and macroeconomic expectations, investors are scrutinizing the upcoming market movements.
Bitcoin's price recently dipped below $91,000, marking its lowest point in months, causing a ripple effect throughout the broader crypto market. In just 24 hours, over $100 billion in market value was wiped out. This has led to increased uncertainty, with Bitcoin down by 5% and altcoins suffering even bigger losses.
On-chain data shows the Bitcoin Hashrate has observed a sharp drop recently. Here's what this could mean for the asset's price.
Investor sentiment in the cryptocurrency market has taken a sharp turn toward extreme fear, with the crypto fear and greed index tumbling to 25—its lowest level since September 2024. This dramatic shift comes as Bitcoin (BTC) drops below $93,000, triggering widespread sell-offs across major altcoins.
Montana's ambitious Bitcoin reserve bill, House Bill 429, met an unexpected setback on February 22, 2025, when it was rejected by the state's House of Representatives in a 41-59 vote. The bill aimed to create a special fund for investing in digital assets like Bitcoin, stablecoins, and precious metals.
The Tokyo-listed firm disclosed on Tuesday that it acquired an additional 135 BTC, as it continues its bitcoin accumulation strategy.
El Salvador has resumed Bitcoin acquisitions, buying seven BTC equivalent to $661,000 per Arkham Intelligence reports. This is the first time it has made a Bitcoin purchase since it halted its daily purchase plan on February 18.
South Dakota lawmakers effectively killed a bill that would have allowed the state to invest in Bitcoin by deferring the vote beyond the legislative session's limit.
While South Dakota lawmakers rejected the bill citing volatility concerns, Rep Logan Manhart plans to push for its revival next year.
Large hedge funds playing the ETF arbitrage game are starting to unwind their positions, putting more selling pressure on Bitcoin, says BitMEX co-founder Arthur Hayes.
Bitcoin-stacking Metaplanet bought at $96,185, while El Salvador bought at around $94,050 per Bitcoin.
Bitcoin (BTC) has dropped below $95,000 and risks a further decline amid the ongoing market retrace. As February comes to an end, some analysts consider the flagship crypto needs to reclaim some crucial levels to continue its bullish long-term trend.
February 25, 2025 05:31:34 UTC Crypto Liquidations Fuel $950M Sell-Off After Tariff Announcement Bitcoin fell to a multi-week low, triggering $950 million in liquidations after President Trump announced a return to 25% tariffs on over $900 billion in Canadian and Mexican imports, raising inflation fears.
The crypto market tumbled as Trump reaffirmed tariffs on Mexico and Canada, sparking investor anxiety, with Bitcoin slipping below $92,000. The post Bitcoin, Ethereum Tumble With $900M in Crypto Liquidations on Tariff Worries appeared first on Cryptonews.
Futures activity hints at an influx of fresh shorts as Monday's bearish marubozu candle points to more losses ahead.
The crypto markets are witnessing massive sell-offs, which have dragged the major cryptos below their pivotal support levels. Bitcoin dropped below $94,000 initially and later formed the bottom below $92,000 and interestingly, it does not appear to halt the ongoing bearish trend.
Metaplanet has added 135 Bitcoin to its treasury, strengthening its position as one of Japan's most active corporate Bitcoin investors. On Feb. 25, the company announced the 1.939 billion yen ($12.
The cryptocurrency market faced a sharp downturn on Monday, with Bitcoin (BTC) plunging to $90,000 and leading altcoins following suit. Ethereum (ETH), XRP, and Solana (SOL) saw steep declines as investor sentiment turned bearish amid mounting concerns over global trade tensions.
Prominent economist and market analyst Peter Schiff has weighed in on Strategy Inc.'s investment in BTC and noted the firm's declining share price and reduced Net Asset Value (NAV) premium. He further mentioned that, relative to doing leveraged Bitcoin buying, the stock has underperformed.
The cryptocurrency market has been shaken by fear, uncertainty, and doubt (FUD) following the Bybit hack, triggering increased volatility. This uncertainty has impacted investor sentiment, with digital asset investment products recording $508 million in net outflows, primarily from Bitcoin.