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news-imageFebruary 28, 2025

Bitcoin sinks under $80,000, faces potential drop to pre-election levels as correction continues

The decline in Bitcoin reflects broader market risk aversion, potentially signaling a shift in investor sentiment towards safer assets. The post Bitcoin sinks under $80,000, faces potential drop to pre-election levels as correction continues appeared first on Crypto Briefing.
Publisher: Crypto Briefing
Sentiment: Negative
BTC

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Negative
cover-imageTokenpost
February 28, 2025

Bitcoin Drops Below $80K Amid Market Uncertainty and Bybit Hack

Bitcoin fell to a 3.5-month low on Friday, dropping over 5% to $79,666, marking its first dip below $80,000 since November. The decline comes amid growing investor concerns over U.S. trade policies, a lack of fresh crypto-friendly regulations, and a massive $1.5 billion hack targeting rival cryptocurrency Ethereum.

Positive
cover-imageTokenpost
February 28, 2025

Michael Saylor Pushes Bitcoin Leadership at US Financial Services Committee

Michael Saylor, co-founder and executive chairman of MicroStrategy, recently revealed his visit to the US Financial Services Committee, where he discussed digital assets and the countrys path to global leadership in crypto. During the meeting, he presented the Digital Assets Framework, Principles, and Opportunity document, outlining clear definitions and compliance measures for various digital assets.

Positive
cover-imageTokenpost
February 28, 2025

Texas Advances Senate Bill 21 to Establish Strategic Bitcoin Reserve

Texas is moving closer to becoming a leader in state-backed cryptocurrency reserves after the Senate Business and Commerce Committee unanimously passed Senate Bill 21 with a 9-0 vote. The bill now heads to the full Senate for further consideration, signaling growing state-level interest in Bitcoin as a financial asset.

Negative
cover-imageBitcoinist
February 28, 2025

Bitcoin's $2.16 Billion Capitulation: Who Sold At The Biggest Loss?

The on-chain analytics firm Glassnode has broken down which Bitcoin investor cohorts sold at the biggest loss during the latest price crash. Recent Bitcoin Buyers Have Combined Realized $2.16 Billion In Loss Recently In a new post on X, Glassnode has discussed what the capitulation event triggered by the Bitcoin price crash has been like.

Negative
cover-imageCoingape
February 28, 2025

Crypto Market Crash Sends Bitcoin Price Under $80K, Altcoins Crash Harder

Bitcoin price took a dip under $80,000 earlier today in yet another crypto market crash while top altcoins like Ethereum (ETH), XRP, Solana (SOL), Dogecoin (DOGE) corrected 8% each in this market fall. There's an absolute bloodbath on the Satoshi Street with BTC and other digital assets extending weekly losses to more than 20-25%.

Negative
cover-imageCoinPedia
February 28, 2025

Why Bitcoin is Dropping? How low BTC price will drop

Bloodshed in the crypto market doesn't seem to be stopping as nearly $700 billion has been wiped out. In the past eight days, Bitcoin has fallen from $99,000 to $79,000, losing all the gains it made from the hype around President Trump's pro-crypto policies.

Negative
cover-imageNewsBTC
February 28, 2025

Bitcoin Price Could Crash Further To $70,000 If This Happens

The Bitcoin price has experienced such severe downward pressure and volatility that many are starting to believe that the bear market may have begun. While some analysts hope for a price reversal to the upside, others predict a further crash to $70,000, eradicating almost all gains achieved after the US election rally.

Negative
cover-imageThe Currency Analytics
February 28, 2025

Bitcoin Faces Key Support as Price Drops 11% in a Week

Bitcoin (BTC) has experienced significant downward pressure recently, with its price falling 11% in just one week. The cryptocurrency has dropped below the critical $90,000 level for the first time since November 2024, currently trading around $85,985.

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