The price of bitcoin fell sharply as US trading began on Wednesday, dropping to below $86K for the first time since mid-November. Sentiment in the crypto market is "on the floor at this moment in time", says Simon Peters, crypto analyst at eToro.
Spot Bitcoin exchange traded funds (ETFs) in the US are recording a massive sell-off as investors' sentiment turned bearish. February 25 saw more than $937 million in outflows from US Bitcoin ETFs, the largest since January 2024.
Bitcoin's price has been going through a significant drop over the last couple of days, losing a key support level. However, there is still a good chance for the market to rebound soon.
On-chain market activity on the Bitcoin (BTC) network shows that whales have sold the coin massively in the last seven days. These large holders have offloaded 25,740 BTC onto the Bitcoin market.
BlackRock recently filed paperwork with the U.S. Securities and Exchange Commission (SEC), indicating the acquisition of 12.2% of MicroStrategy's shares, worth around $204 million at the current market value. The asset manager's bold move with MicroStrategy, a corporation that holds significant Bitcoin investments, hints at BlackRock's intent to capitalize on a possible Bitcoin downturn – giving rise to rumors of a looming Bitcoin sell-off.
Shares of Strategy (NASDAQ: MSTR) have dropped by over 55% from the November 24 high at $543 to around $250. With the software intelligence firm now holding approximately 499,096 Bitcoin—worth around $44 billion at current prices—market participants are wondering whether the company could ever face a forced liquidation of its massive Bitcoin treasury.
Macro strategist Jim Bianco has suggested that the rise in Bitcoin (BTC) and the broader cryptocurrency market earlier this year might have been sparked by the controversial launch of President Donald Trump's memecoin in January.
Standard Chartered warns that continued outflows from bitcoin ETFs could further depress prices, following a record $1 billion in outflows.
Recently, the volatility in Bitcoin's price has increased investor anxiety, with many watching monitoring the events that could affect the market. A key development is BlackRock's transfer of Bitcoin and Ethereum to Coinbase Prime, which has sparked fears of a potential sell-off.
Bitcoin is down 1.9% against the greenback trading between $87,739 to $88,156 over the last hour on Feb. 26, 2025, extending losses amid U.S. economic policy anxieties and fluctuating consumer confidence. Bitcoin Navigates Bearish Terrain The leading cryptocurrency's price declined from the previous day, marking a 24-hour drop of approximately 1.
The Bitcoin exchange-traded fund (ETF) market continues to experience a significant wave of capital outflows. According to recent data, the 11 Bitcoin ETFs recorded a net outflow of $937.9 million on February 25, 2025, marking their sixth consecutive day of losses.
Bitcoin (BTC) is attempting to reclaim $90,000 after a bloodbath at the beginning of the week drove the price to a low of $86,220, as analysts warned of a deeper correction to $80,000. The flagship cryptocurrency is down over 3% in the past 24 hours and is trading around the $88,900 mark.
TL;DR Largest Single-Day Outflow: U.S. spot Bitcoin ETFs witnessed the largest single-day net outflow in history, with $1.01 billion withdrawn on February 25, affecting 10 out of 12 Bitcoin ETFs.
Bitcoin (BTC) is testing investor sentiment again as it hovers in a precarious position, teasing the possibility of a prolonged bear cycle.
Bitcoin and cryptocurrency prices have found a temporary floor following a steep sell-off though analysts have said bitcoin remains at a "critical juncture"
As Bitcoin (CRYPTO: BTC) continues to trade below the $88,000 mark, U.S. spot bitcoin ETFs experienced record outflows of $1 billion on Tuesday, marking the largest daily net outflows since their inception. What Happened: According to data cited by The Block, 10 out of 12 spot bitcoin funds reported net outflows, with Fidelity‘s (BATS:FBTC) leading the pack at $344.65 million, followed by BlackRock's (NASDAQ:IBIT) with $164.3 million.
U.S. spot Bitcoin ETFs experienced six consecutive days of negative flows, with a record outflow of $938M. With only four days of net inflows, February has seen over $2.4B exit U.S. Bitcoin ETFs.
Pro-Bitcoin Congressman Byron Donalds has announced his candidacy for the Florida governorship during an appearance on Fox News' Hannity. The Republican lawmaker, currently representing Florida's 19th congressional district, underscored his vision for making the Sunshine State a global financial hub, potentially incorporating cryptocurrency into the state's official portfolio.
Robinhood Chair and CEO Vlad Tenev discusses the current stock price and what to expect in the crypto industry. He says accreditation needs rethinking for private company trading, retail investors who want to be in AI are in a tough spot.
Bitcoin plunges below $90K after a $1.5 billion Bybit hack. Regulatory fears fuel the selloff—is the worst yet to come?
Extreme bearish sentiment grips crypto as BTC, ETH, XRP, and SOL face declines, but historical trends hint at a potential market bottom.
Bitcoin exchange-traded funds (ETFs) faced a massive $1 billion outflow on Feb. 25, marking the largest single-day withdrawal since their inception. Ether ETFs also experienced a significant net outflow of $50 million. Historic Withdrawal Sees Bitcoin ETFs Lose $1 Billion in a Day With Ether ETFs Down $50 Million On Tuesday, Feb. 25, U.S.
Bitcoin's recent price crash took the entire market by surprise, leaving bullish investors reeling in losses. Particularly, this crash saw Bitcoin losing its foothold at the $90,000 price level and extended a crash across multiple cryptocurrencies.
In the wake of the 450% gain Bitcoin (BTC -1.29%) has logged since late 2022, it's not a stretch to suggest that plenty of investors are kicking themselves for not buying into (literally and figuratively) the cryptocurrency movement. Even without understanding what they're worth or how they're valued, clearly at least a few people are getting very, very rich off of digital currencies.
India's Central Bureau of Investigation is conducting nationwide raids in connection to the GainBitcoin scam, which defrauded 8,000 investors with false Bitcoin returns.
Cryptocurrency prices like Bitcoin, Ethereum, and Ripple stabilized on Wednesday after crashing by double digits a day earlier. These coins may benefit after the House of Representatives voted for the Trump budget with over $4.5 trillion of tax cuts.
Strategy's (formerly MicroStrategy) stock (MSTR) has taken a significant hit. The stock fell by double digits following a sharp decline in Bitcoin's (BTC) price.
U.S. Bitcoin ETFs faced an unprecedented outflow on February 25, with investors pulling nearly $940 million from these funds, the largest one-day withdrawal since their launch in January 2024.
Data shared by the analytics account Spononchain has revealed that spot Bitcoin ETFs have faced a massive Bitcoin withdrawal which closely approached $1 billion.
Over $5 billion of notional value is set to expire this Friday on Deribit at 08:00 UTC.
Over $5 billion of notional value is set to expire this Friday on Deribit at 08:00 UTC.
A similar chart pattern in August 2024 resulted in a 40% Bitcoin price rally from $53,400 to $74,000. Is history about to repeat for BTC?
Spot Bitcoin ETFs in the United States experienced their largest-ever daily net outflows on Tuesday, with total withdrawals reaching $1.01 billion The post U.S. Spot Bitcoin ETFs See Record $1B Daily Outflows as 10 of 12 Funds Report Withdrawals appeared first on Cryptonews.
A Strategic Bitcoin Reserve Bill is heading towards a full vote after passing in the Oklahoma State House Committee, despite BTC's recent drop below $90,000.
MicroStrategy (now Strategy), the corporate intelligence company, is having operational challenges right now. From their November top of $475, its shares have dropped more than 55%.
In the latest crypto market crash, Bitcoin (BTC) dipped below the significant $90k support, sparking investor concerns. However, Binance CEO Changpeng Zhao offered a reassuring outlook, predicting Bitcoin (BTC) will bounce back and eventually reach $1 million.
Genesis Digital Assets is a private bitcoin miner that claims to have one of the largest hashrate capacities in the world.
John Bollinger is not buying into the bear market panic just yet. The man behind the well-known Bollinger Bands indicator, a tool many traders swear by, recently shared his take on Bitcoin's latest price drop.
Oklahoma advances toward Bitcoin adoption with the Strategic Bitcoin Reserve Act, allowing up to 10% of public funds to be invested in Bitcoin or similar digital assets, pending legislative approval. The post Oklahoma Moves Closer to Bitcoin Adoption with Strategic Reserve Bill Approval appeared first on Cryptonews.
Bitcoin has fallen below $90,000 due to economic concerns and market fears, but analysts point to oversold conditions and institutional adoption as reasons to remain optimistic about its long-term prospects.
Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM operator has announced the acquisition of an additional 11.1 BTC as part of its ongoing treasury strategy, initially revealed in June 2024. This latest purchase follows the company's recent acquisition of 51 bitcoin earlier this month, elevating its total treasury holdings to 82.6 BTC.
Spot Bitcoin ETFs in the U.S., having bled for most days in February, have now recorded their largest daily outflow of $938 million.
Following the last two days of heavy downward price action, the market must be wondering if there is more to come. A bounce from $86,000 has stopped the rot for now.
GameStop is considering using its $4.6 billion cash reserves to purchase Bitcoin following a recommendation from Strive Asset Management, potentially transforming the former meme stock into a major corporate Bitcoin holder.
Strategy (formerly MicroStrategy) stock has fallen 16% year-to-date as Bitcoin prices correct, though the company maintains significant unrealized profits on its 499,096 Bitcoin holdings purchased at an average cost of $66,350 per coin.
President Donald Trump's controversial memecoin launch in January could have catalyzed the recent Bitcoin (BTC) and crypto market peak, according to the macro strategist Jim Bianco.
Admittedly, there's cause for concern if you're thinking about buying Bitcoin (BTC 0.80%) right now. Bitcoin has dipped below the psychologically important $100,000 price point, and at one point in January, it even fell below $90,000.