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Bitcoin Price Falls Below $90,000 As Gloom Batters Cryptos

Summary by TFD

Bitcoin fell to a three-month low during the week as investors avoided riskier assets and sold off XRP and other cryptocurrencies. The price of Bitcoin fell below $90,000 for the first time since November, dropping 6% to $87,986. The decline followed another drop in U.S. technology stocks on Monday, with the negative sentiment spilling over into the crypto market, Callum Keown and Rupert Steiner reported for Barron’s Daily. The price of Bitcoin …

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Crypto Technical Analysis Report

Bitcoin’s price slipped to $82,256 on Feb. 26, signaling that the crypto market is still facing headwinds. The decisive break, below the $90,000 support on Feb. 25, handed the advantage to the bears, leading to $937.9 million in outflows from US spot Bitcoin ETFs. Over three days, Bitcoin tumbled by $12,820, wiping out more than $1 billion in leveraged long positions. The sell-off coincided with US President Donald Trump’s call for increased ta…

1 month ago

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