Bitcoin Dip-Buyers Step in Friday, but What Might Weekend Action Bring?
Punitive tariffs against Mexico, Canada and China could go into effect on Tuesday.
Punitive tariffs against Mexico, Canada and China could go into effect on Tuesday.
Earlier this week, BlackRock's spot bitcoin ETF IBIT saw a record $418.1 million worth of net outflows amid an apparent market correction.
A sharp decline in cryptocurrency sentiment, dubbed a “mega nuke” by analysts, has gripped the market as Bitcoin (CRYPTO: BTC) fell below $79,000 on Thursday evening, down 24% from its January peak of $109,590. Major altcoins including BNB (CRYPTO: BNB), Solana (CRYPTO: SOL), and Dogecoin (CRYPTO: DOGE) all fell down between 12 and 15%.
As of Dec. 31, the bitcoin miner had $274.5 million in cash and cash equivalents and bitcoin on its balance sheet.
TL;DR BlackRock has included the Bitcoin ETF (IBIT) in its model portfolios, with an allocation of 1% to 2%, marking a milestone for the institutional adoption of cryptocurrencies. This move could attract significant demand towards IBIT, as financial advisors typically follow these predefined strategies to manage client funds.
The arrival of institutional investors has been both a blessing and a curse for long-term Bitcoin holders.
Bitcoin's mega sell-off presents a rare chance to dollar-cost-average into a position as key onchain indicators suggest BTC trades at a discount.
The crypto market is shaking. Bitcoin shows a Fear & Greed index plunging to 10 — an unprecedented level of extreme fear since the winter of 2022.
Bitcoin has lost crucial support levels as the market struggles to find demand, allowing bears to gain momentum. Analysts are calling for further corrections, with fear dominating sentiment across the crypto market.
Bitcoin and other prominent cryptocurrencies are often called “volatile investments.” This is true, but it also tells a very incomplete version of the story that is taking place.
It's a truth universally acknowledged—at least by those with an internet connection—that Bitcoin is both the future of finance and a catastrophic mistake, depending on who you ask. The topic is discussed with almost religious fervour, drawing true believers, hardened sceptics and the politely baffled in equal measure.
Bitcoin, Ethereum, and Ripple prices have crashed this week as Donald Trump's tariff threat complicated the Federal Reserve's approach to rate cuts. This crash has led the crypto market to shed over $1 trillion in value from its peak in 2024.
Bitlayer, a Bitcoin (CRYPTO: BTC) Layer-2 developer, has partnered with five blockchains—Base, Starknet (CRYPTO: STRK), Arbitrum (CRYPTO: ARB), Sonic (CRYPTO: S) and Plume Network to connect Bitcoin's $1.9 trillion market to their ecosystems using its BitVM Bridge. Announced at ETH Denver, this integration allows Bitcoin holders to transfer assets across these networks, enabling uses like lending, staking, and liquidity provision.
Crypto strategist Michaël van de Poppe says Bitcoin (BTC) remains in a bull market despite correcting to the $80,000 range this week and he is predicting a massive rally.
Bitcoin is experiencing a severe downturn over the past few days. After trading above $96,000 on Monday, its price slipped below $80,000 today for the first time since November 11.
BlackRock was trending heavily on X on Friday, February 28, as Bitcoin‘s (BTC) price plummeted below the $80,000 mark, reaching its lowest level since the start of 2025. As panic spread, speculation arose that BlackRock was offloading its Bitcoin holdings.
The crypto market witnessed a sharp sell-off overnight Thursday and early Friday, with Bitcoin (BTC) price dropping below $80,000. Altcoins also dumped, including THORChain. Amid this, the US spot Bitcoin exchange-traded funds market recorded its eighth straight day of negative flows.
DXY nears 108.00 as inflation data bolsters Fed rate cut hopes. Bitcoin plunges below $80K, gold sees first weekly decline in nine weeks amid tariff threats.
Global markets witness a liquidity surge projecting an optimistic second quarter in 2025. Will the liquidity spike drive a similar bullish spree in crypto markets and pump the BTC price once again?
TL;DR Approximately $5.79 billion in Bitcoin and Ethereum options expire today, potentially triggering high volatility in the market. Bitcoin's max pain price is significantly higher than its current level, which could push its price upward. Despite widespread pessimism, institutional traders may use this event to stabilize prices and strengthen liquidity.
Bitcoin's second-worst February on record is set to extend into a new week, with price burdened by “aggravating macro factors” and a technical correction.
The Bitcoin market continues to see a lot of noise and fear, but at this point in time, it is possible that the market will find buyers based on value if nothing else.
Users on the prediction market Kalshi seem to be worried by the massive drawdown Bitcoin is suffering now. According to the data provided by this platform, the crypto community expects the world's largest cryptocurrency to drop even lower.
Bitcoin (BTC) has lost over 6.8% of its value within the last 24 hours, dropping below the $80,000 mark. The latest price drop allowed BTC to close the gap on the CME exchange, as crypto analyst Rekt Capital posted in a chart on X.
Bitdeer currently holds 855 BTC, valued at approximately $69 million.
The prevailing cryptocurrency bloodbath of late February 2025 ensured that Bitcoin (BTC) collapsed to $81,386 – its lowest level since November 2024, if the brief dip below $80,000 is ignored.
Bitcoin price relief accompanies an on-point PCE index release, with optimism growing over macroeconomic conditions easing next month.
Strategy (NASDAQ:MSTR) executive chairman Michael Saylor jokedly advocated for a high-risk strategy to keep Bitcoin (CRYPTO: BTC) investments in light of the recent market downturn. What Happened: In an X post on Friday, Saylor wrote "Sell a kidney if you must but keep the Bitcoin.
Arizona is pushing ahead with its cryptocurrency ambitions as two bills focused on Bitcoin reserves have cleared the state Senate and are on track for a House vote.
Metaplanet investors saw better returns in 2024 and held the recent BTC dump better than MSTR counterparts.
Hayes believes BTC could record more declines over the weekend before finally consolidating.
Bitcoin (BTC) crashed by more than 21% in the last seven days from a local peak at $99,495, down to $78,219 on February 28, bringing uncertainty to traders and investors. A prominent trading expert, however, believes this movement is part of an expected market correction that is about to end.
MetaMask announced plans to incorporate support for Bitcoin and Solana within the year as part of its ongoing product developments.
TL;DR According to Matrixport, Bitcoin's current correction could extend until March or April due to macroeconomic policies and the strengthening of the US dollar. The US Dollar Index (DXY) has risen for three consecutive days, driven by investors seeking refuge, putting downward pressure on Bitcoin prices.
What's happening to Bitcoin? Only a week ago, the leading crypto was trading above $98K.
Bitcoin's price has been dropping rapidly over the past few days, with large red candles showing significant bearish momentum. If the market does not rebound soon from the key area it currently finds itself at, things could get much worse for the crypto market.
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.
Following Bitcoin's tumble below the $91,000 price mark, notable Bitcoin proponents have reminded troubled market participants of the possibility of a continued downward price correction in the near term. However, the long-term outlook remains bullish.
Coinbase analysts say bitcoin's downturn is due to a lack of positive catalysts and insufficient support at the $80,000-$90,000 range.
Saylor has a history of encouraging extreme measures for Bitcoin investment, including mortgaging homes and maxing out credit cards.
"Now that is a dip I would like to buy," Standard Chartered's Geoffrey Kendrick said of the $69,000–$76,500 range for bitcoin.
After soaring by double digits following Donald Trump's election, Bitcoin and most altcoins have crashed and erased most of the gains made last year. Bitcoin price crashed below $80,000, while altcoins have done worse.
The Arizona Senate passed the Strategic Digital Asset Reserve (SBR) bill on third reading with 17 votes in favor and 12 against.
Bitcoin miners are holding onto their BTC despite a sharp price drop to $79K, reducing selling pressure and signaling market resilience.
MetaMask is set to integrate Bitcoin and Solana into its platform in the near future, expanding its functionality for users of these prominent cryptocurrencies.
Many people wonder about the length of Bitcoin's rollercoaster journey that its price increase has been on. The bull run may persist until at least April 2025, argues CryptoQuant CEO, Ki Young Ju.
The world's most popular cryptocurrency, Bitcoin slid to a new yearly low on Friday morning as fresh U.S. tariffs on China added to an already tumultuous week for cryptocurrencies.
The bitcoin price crash could see the bellwether coin's value fall below $70,000 or even as low as $50,000, but there's a silver lining The post Bitcoin Price Crash – Why Trump 2.0 Turned Into a Crypto Nightmare, But There's a Silver Lining appeared first on Cryptonews.