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$82,647.00 -1.88449
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Ethereum
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$1,882.30 -2.41744
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BNB
BNB (BNB)
$599.16 0.2758
BNB price
Solana
Solana (SOL)
$130.16 -3.10028
Solana price
XRP
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$2.31 -4.98752
XRP price
Shiba Inu
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$0.0000127 -0.1378
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Pepe
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$0.0000067 -5.21856
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Bonk
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$0.0000106 -3.32959
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dogwifhat
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$0.477471 -4.57627
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Popcat
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$0.185361 -4.17667
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Bitcoin
Bitcoin (BTC)
$82,647.00 -1.88449
Bitcoin price
Ethereum
Ethereum (ETH)
$1,882.30 -2.41744
Ethereum price
BNB
BNB (BNB)
$599.16 0.2758
BNB price
Solana
Solana (SOL)
$130.16 -3.10028
Solana price
XRP
XRP (XRP)
$2.31 -4.98752
XRP price
Shiba Inu
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$0.0000127 -0.1378
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000067 -5.21856
Pepe price
Bonk
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$0.0000106 -3.32959
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dogwifhat
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$0.477471 -4.57627
dogwifhat price
Popcat
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$0.185361 -4.17667
Popcat price
Bitcoin
Bitcoin (BTC)
$82,647.00 -1.88449
Bitcoin price
Ethereum
Ethereum (ETH)
$1,882.30 -2.41744
Ethereum price
BNB
BNB (BNB)
$599.16 0.2758
BNB price
Solana
Solana (SOL)
$130.16 -3.10028
Solana price
XRP
XRP (XRP)
$2.31 -4.98752
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000127 -0.1378
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000067 -5.21856
Pepe price
Bonk
Bonk (BONK)
$0.0000106 -3.32959
Bonk price
dogwifhat
dogwifhat (WIF)
$0.477471 -4.57627
dogwifhat price
Popcat
Popcat (POPCAT)
$0.185361 -4.17667
Popcat price

Bitcoin’s 25% drop from ATH could deepen, analysts say

Jayson Derrick
Edited by
Markets
News
Bitcoin’s 25% drop from ATH could deepen, analysts say

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.

Bitcoin (BTC) was down 25% from its Jan. 20 all-time high of $108,786 as forward-facing inflation indicators incentivized a risk-off mood among investors, and spot exchange-traded funds logged continuous outflows on Wall Street.

Although U.S. Core Personal Consumption Expenditures price index data matched analyst expectations—dropping to 2.6% from 2.9% year over year—BTC only recorded a modest uptick, climbing to $81,800.

Previously, the most valuable cryptocurrency by market cap fell as low as $78,400, losing over 6% in 24 hours and hitting a three-month low.

Bitcoin daily chart
24-hour BTC price chart – Feb. 28 | Source: crypto.news

“It’s the first tangible correction since reaching its all-time high less than six weeks ago”, analysts at B2BINPAY told crypto.news via email. “The correction has mostly been technical, amplified by aggravating factors,” the analysts added, referring to Trump’s tariffs and sovereign trade wars.

Further decline possible for Bitcoin

Consensus among BTC observers warned of more volatility ahead. B2BINPAY’s team echoed the sentiment, citing support and resistance bands from BTC technical analysis.

Speaking from the technical standpoint, if we approach the 3M SMA support at $71,880 and wouldn’t bounce back toward 80K’s, the outlook would become less favorable, as there is a possibility of further decline.

B2BINPAY analysts

Standard Chartered shared a similar outlook, predicting that BTC may retest $69,000 by early March.  IntoTheBlock data showed massive accumulation between $60,000 and $72,000, potentially forming a defense from larger declines. Over six million addresses acquired 2.64 million BTC in that range.