BTC price action leaves $109,000 far behind as selling pressure keeps the Bitcoin bears in control of the cryptocurrency market.
It's a blood-red Tuesday across the crypto markets.
Bitcoin's price action has been shaky, but for top crypto trader DonAlt, it is nothing out of the ordinary. He pointed out that the range low test is done, and as long as Bitcoin (BTC) closes above that level, a bounce next week seems likely.
The crypto market faced notable withdrawals on Feb. 24, with bitcoin ETFs experiencing a net outflow of $516 million and ether ETFs shedding $78 million. Major funds, including Fidelity's FBTC and Blackrock's IBIT, led the downturn, reflecting a negative sentiment among investors.
A massive 8,022 BTC worth nearly $738.86 million has recently exited major crypto exchange Coinbase, sparking interest on the crypto market.According to the blockchain data tracker Whale Alert, "8,022 BTC worth $738,863,880 were transferred from Coinbase to unknown new wallet."
The interest rate outlook has gotten appreciably softer over the past couple of weeks.
Matt Hougan, chief investment officer at asset manager Bitwise, says the crypto market's current downturn marks the end of the meme coin boom.
Bitcoin (BTC) has been struggling lately, and it is getting tricky. With little to stop a major drop below $90,000, things could get messy quickly.
A blood-red day for the crypto market! What is the next step for savvy investors? Bitcoin ETFs saw over $500 million in daily net outflows, marking the fifth-largest since January 2024. Fidelity's FBTC led with $247 million leaving, followed by BlackRock's IBIT at $158.6 million and Grayscale's GBTC at $59.5 million.
Bybit's exploit, Trump's implementation of trade tariffs against Mexico and China, ETF outflows, and concerns about rising inflation have all fueled bitcoin's 13% dump since Friday.
TL;DR Arthur Hayes, co-founder of BitMEX, predicts Bitcoin's price could drop to $70,000 due to hedge funds unwinding their positions in Bitcoin exchange-traded funds (ETFs). Hedge funds are pulling out of positions in Bitcoin ETFs such as the BlackRock iShares Bitcoin Trust, increasing selling pressure on Bitcoin.
Amid the ongoing volatility of digital currency prices, Ki Young Ju, the CEO of CryptoQuant, has shared new insights into the market. Young Ju strongly believes that the broader crypto market remains in a bullish cycle despite price drops and "extreme fear.
Owner James Howells strongly rejected the firm's claims amid his ongoing legal attempts to access the site or buy the landfill outright.
Bitcoin's recent price action has left many wondering whether the cryptocurrency is ready for a bullish breakout or poised for further decline. Despite a sluggish market, a key indicator of short-term holder profitability, the spent output profit ratio (STH-SOPR), is once again testing the critical 1.0 level.
Peter Schiff has been one of Bitcoin's loudest critics for years. And right now?
Cryptocurrency prices plunged on Tuesday, extending a downtrend that began in November last year. Bitcoin (BTC) fell below the critical support level of $89,220, reaching an intraday low of around $86,000.
The Bitcoin market has fallen hard in the early hours of Tuesday trading, as it looks like we are getting a bit anxious about the lack of adoption/adaptation from the US government.
US spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded their second-largest outflows of the year on Monday, February 24, with investors pulling out $516.4 million, according to Farside data. This marked the ninth net outflow in 10 days, highlighting investor unease as Bitcoin continues to remain under the pump.
Tokyo-listed investment firm Metaplanet has acquired an additional 135 BTC for $12.9 million, bringing its total bitcoin holdings to 2,235 BTC. The company has outlined ambitious targets of 10,000 BTC by 2025 and 21,000 BTC by 2026 as part of its strategic treasury operations. Japan's Metaplanet Aims for 10,000 BTC by 2025 Metaplanet Inc.
After hitting record highs last year, bitcoin has lost a bit of its luster. The world's most popular cryptocurrency saw its largest one-day drop in months on Tuesday (Feb. 25) amid a range of factors, including concerns about tariffs in the U.S. and the recent, record-breaking theft of $1.5 billion in ether currency from the Bybit exchange.
CryptoQuant data shows Bybit's ETH inflows surged post-hack as it averaged 1.2K ETH per transaction, owing to large entities supporting liquidity recovery.
Public bitcoin miners are rushing to build AI business lines, but there's still room for their original mandate, says this investment bank analyst.
Bitcoin (BTC) has plunged more than 7% in a single day, falling to $87,000 on February 25, its lowest level since November 2024. The sharp decline has pushed BTC into a critical risk zone, fueling speculation on whether the breakdown is temporary or signals a deeper correction.
Bitcoin (BTC) ตกลงต่ำกว่า 90,000 ดอลลาร์ เพราะเศรษฐกิจไม่แน่นอนและความตึงเครียดทางการเมืองระหว่างประเทศ การลดลงนี้เกิดจาก Donald Trump ประกาศเก็บภาษี 25% จากแคนาดาและเม็กซิโก สร้างความกังวลเรื่องเศรษฐกิจและกระตุ้นให้เกิดการขายในตลาดคริปโต Bitcoin ลงไปต่ำสุดที่ 86,300 ดอลลาร์ แสดงให้เห็นความผันผวนที่มากขึ้น ตลาดคริปโตโดยรวมเสียเงินไป 230,000 ล้านดอลลาร์ แสดงว่านักลงทุนกำลังระมัดระวัง นอกจากนี้ เงินทุนจำนวน 508 ล้านดอลลาร์ก็ไหลออกจากกองทุนคริปโต แสดงว่าผู้คนเริ่มมีความสงสัยมากยิ่งขึ้น เหรียญอื่นๆ รวมถึง XRP ก็ยังลดลงต่อเนื่อง ในขณะที่เกิดเหตุการณ์การแฮก Bybit เมื่อเร็วๆ นี้ ยิ่งทำให้ตลาดขาดความเชื่อมั่น ข่าวดีก็ยังไม่ช่วยหนุนราคา Bitcoin แม้ตลาดจะแย่ แต่ก็มีพัฒนาการดีๆ ในวงการคริปโต SEC ของสหรัฐถอนฟ้อง Coinbase แสดงท่าทีที่ดีขึ้นเรื่องกฎหมาย การตัดสินใจนี้น่าจะนำไปสู่กฎเกณฑ์คริปโตที่ชัดเจนขึ้น ในขณะเดียวกัน Michael Saylor ยังคงซื้อ Bitcoin ต่อเนื่อง บริษัท Strategy (อดีต
European Central Bank adviser Jürgen Schaaf has dismissed Bitcoin reserves, citing volatility and lack of economic necessity as Bitcoin falls below $88,000 amid marketwide liquidations.
Pi Network remained stable on Tuesday, defying a broader cryptocurrency sell-off as market risks increased. Pi Network (PI), which launched its mainnet last week, surged to $1.60, up over 158% from its lowest point on Friday.
IBIT investors are hedge funds that outperformed short-term US Treasury yields on a low-risk basis. Rather from being long-term investors, a large portion of the demand for Bitcoin ETFs comes from hedge funds engaging in this arbitrage game.
Bitcoin risks over $1 billion in long liquidations below $85,000, as significant volatility may signal a retest of the $81,000 support.
Metaplanet spent $13 million (or around $96,185) for 135 Bitcoin. With its most recent acquisition, the Japanese company's BTC holdings now reach 2,225.
In a big move for the Bitcoin DeFi Automation wait, Bitflow, a decentralized Bitcoin exchange, announced today the launch of an Automated Dollar-Cost Averaging (DCA) feature on the Stacks blockchain. This tool will enable users to automate recurring purchases of Bitcoin (BTC) and Runes tokens, facilitating trustless and non-custodial investment strategies.
The cryptocurrency market has crashed over 5% overnight with a trading volume of $144.82 billion. With this, the crypto-verse is now valued at $3.01 Trillion. Notably, the market has wiped out over $110 billion in 24 hours, making it the worst-performing day of the year.
Bitcoin whales are among likely sources of BTC price support on the radar after a mass liquidation cascade.
Bitcoin tumbled below $90,000 to hit the lowest since mid-November, as the rally that followed Donald Trump's election to the White House reverses under the weight of his trade tariffs and a string of industry setbacks. Trump's administration is planning to expand efforts to limit China from developing a domestic semiconductor industry that could boost its AI and military capabilities.
El Salvador and Tokyo-listed Bitcoin treasury firm Metaplanet have taken advantage of BTC's recent price drop to expand their investments in the leading crypto. This move comes as Bitcoin's value fell to a three-month low below $90,000 due to a broader market downturn that resulted in over $1 billion in liquidation.
The crypto market is facing a sharp drop today, with its total value falling nearly 8% to around $2.90 trillion. This has made the entire crypto market losing over $370 billion in value since last week. The sudden crash has also led to massive liquidations, with $1.51 billion lost in the last 24 hours.
As Bitcoin continues to capture the attention of markets, the latest data shows a stark contrast between network activity and its net capital. Daily transfer volume has fallen by 76%, while realized capitalization has surged by $160 billion in three months.
Bloomberg has learnt that Donald Trump's administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China's chip industry, an early indication the new US president plans to expand efforts that began under Joe Biden to limit Beijing's technological prowess. Meanwhile Bitcoin tumbled below $90,000 to hit the lowest level since mid-November, as the rally that followed Donald Trump's election to the White House reverses under the weight of his trade tariffs and a string of industry setbacks.
The Bitcoin metrics and bearish sentiment shift showed that short-term losses were likely.
Bitcoin sank to its lowest level in three months on Tuesday, with analysts pointing to lingering concerns around the US economy and a "risk off" attitude among investors. At US$88,289, bitcoin was off 3.5% and at levels last seen in mid-November, when Trump's election victory had helped boost the price of the crypto.
Bitcoin plunges below $90K amid economic uncertainty and new tariffs. Is it a market crash or just a pullback? Key support at $86,400 is crucial. The post Bitcoin Dips to $90K – Is the Market Crashing or Just a Temporary Pullback? appeared first on Cryptonews.
Bitcoin has fallen below $90,000 for the first time since reaching this level in November, with it diving to $86,700 before somewhat recovering to $89,000.
For three years, nothing. Not a single move.
Dogcoin (DCOIN), a small-cap memecoin built on Ethereum, has surged an astonishing 75% in just 24 hours, bucking the trend as heavyweights like Bitcoin (BTC) and Solana (SOL) stumble. Bitcoin has plummeted below $89,000, while Solana has slipped under $135, reflecting a broader market downturn that has left investors reeling from long position liquidations.
Strategy, formerly MicroStrategy, saw its stock MSTR fall more than 5%. Not only that, the ratio of MSTR's market capitalization and its Bitcoin holdings has fallen to 1.6 after BTC dropped below $90,000.
Regressing the logarithm of bitcoin's price against the logarithm of time generates a tight fit. This is consistent with bitcoin's price following a power law.
The cryptocurrency market faced a sharp downturn over the past 24 hours, with Bitcoin (CRYPTO: BTC) dropping to a low of $87,115 before stabilizing at $88,850, marking a 7% decline. Ethereum (CRYPTO: ETH) saw an even steeper drop of 10%, trading at $2,420.
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