Close Menu
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • NFTs
    • Dogecoin
    • Cardano
    • Shiba Inu
  • Analysis
    • Market analysis
    • Price Analysis
  • DeFi
  • Opinion
  • Exchanges
  • Beginners Guide
  • Press Release
  • All Posts
What's Hot

Latest Pi Network Update: New Major Exchange Listing May Enhance PI Token Value

Apr. 18, 2025

HashKey Introduces Asia’s First XRP Fund with Support from Ripple

Apr. 18, 2025

Solana Sustains Dominance in Blockchain Revenue Amid Declining Activity

Apr. 18, 2025
Facebook X (Twitter) Instagram
Tether ZoneTether Zone
Facebook X (Twitter) Instagram
Button
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • NFTs
    • Dogecoin
    • Cardano
    • Shiba Inu
  • Analysis
    • Market analysis
    • Price Analysis
  • DeFi
  • Opinion
  • Exchanges
  • Beginners Guide
  • Press Release
  • All Posts
Tether ZoneTether Zone
Home » Bitcoin Price Falls to $79,500 as BlackRock Liquidates BTC and ETH
Analysis

Bitcoin Price Falls to $79,500 as BlackRock Liquidates BTC and ETH

By adminFeb. 28, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Telegram Tumblr Email
Bitcoin Price Falls to $79,500 as BlackRock Liquidates BTC and ETH
Bitcoin Price Falls to $79,500 as BlackRock Liquidates BTC and ETH
Share
Facebook Twitter LinkedIn Pinterest Email

On Friday, February 27, 2025, the price of Bitcoin began the day by once again losing the significant support level of $80,000, with bears having controlled the market for over a week. Currently, BTC (at 03:01 UTC) is quoted near $79,500, experiencing a decline of almost 6% in a day and 21% in a month. The global market value of cryptocurrencies has decreased by 4.51% compared to the previous day.



At press time, the BTC price is now struggling to maintain the $80,800 support level, having dropped 4.4% in the past 24 hours.
Similarly, most of the major altcoins are also trending downward. ETH is approaching the $2,120 support level, currently trading at $2,143.49, down 8%. XRP is on the verge of losing the $2.00 support level and has fallen over 7%. Solana is attempting to hold the $120 level. ADA is struggling to maintain the $0.60 level and has declined over 7%.
Bitcoin’s Fear and Greed Index has reached a new alarming low, hitting a level of 10, its lowest since June 2022. This score reflects a state of extreme fear among investors, according to data from the Alternative.me platform.
This sharp drop in the index, from a neutral 49 a week ago to extreme fear today, could paradoxically signal a buying opportunity. “Extreme fear is often an indication that investors are overly worried, which can be a good opportunity to buy,” the source stated.
Despite this potential buy signal, the analyst community is divided. Some analysts are relying on historical data suggesting that moments of extreme fear often precede a price rally. Conversely, prominent market figures such as BitMEX co-founder Arthur Hayes predict that Bitcoin may still face declines, possibly reaching $70,000 before stabilizing.
Why did BlackRock sell cryptocurrencies?
Second
Arkman, BlackRock Just Sold Over $500 Million More in Cryptocurrencies.



Among the factors contributing to widespread fear in the market, geopolitical tensions stand out. US President Donald Trump recently announced the imposition of new tariffs on products from countries such as Canada, Mexico, and China, and also threatened a 25% tax on imports from the European Union, exacerbating uncertainty.
Additionally, the US spot Bitcoin ETF sector experienced record outflows, with approximately $938 million in withdrawals occurring in a single day, reflecting the lack of institutional trust that has fueled the recent selloff.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Price Falls Below $85K Again as TAO and FET Experience Increases

Apr. 18, 2025

Jerome Powell Acknowledges Potential Easing of Cryptocurrency Banking Regulations in the United States

Apr. 16, 2025

Trump Suggests Potential New Tariffs on Semiconductors and Pharmaceuticals, US Futures Decline

Apr. 15, 2025

Bitcoin Price Update for April 15, 2025: BTC Nears $86,000, Fartcoin Highlighted

Apr. 15, 2025

Bitcoin Price Update for April 14, 2025: BTC Seeks to Surpass $85K as Mantra (OM) Experiences a 95% Decline

Apr. 14, 2025

Bitcoin Price Update for May 4, 2025: BTC Retraces to $82 Following a Week of Significant Volatility

Apr. 5, 2025
Leave A Reply Cancel Reply

Top Posts

Is Binance Exchange a Trustworthy and Secure Investment Option?

Sep. 21, 2021

Review of Kraken Exchange: Can It Be Trusted and Considered a Secure Investment Option?

Sep. 26, 2021

Huobi Global Exchange: A Comprehensive Assessment of Reliability and Safety for Investors

Sep. 26, 2021
Don't Miss

Latest Pi Network Update: New Major Exchange Listing May Enhance PI Token Value

Apr. 18, 2025

Blockchain-based logistics platform Pailot is in the process of being integrated into the Pi Network…

HashKey Introduces Asia’s First XRP Fund with Support from Ripple

Apr. 18, 2025

Solana Sustains Dominance in Blockchain Revenue Amid Declining Activity

Apr. 18, 2025

Bitcoin Price Falls Below $85K Again as TAO and FET Experience Increases

Apr. 18, 2025
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Most Popular

Large dormant whales are driving the surge in Dogecoin price

Apr. 1, 2024

Cardano and Argentina Forge Strategic Alliance to Enhance Blockchain Technology

Jun. 6, 2024

Bitcoin Today 07/12/2024: BTC Targets $100K Rebound as Whales Surge Exponentially

Dec. 7, 2024
Our Picks

Latest Pi Network Update: New Major Exchange Listing May Enhance PI Token Value

Apr. 18, 2025

HashKey Introduces Asia’s First XRP Fund with Support from Ripple

Apr. 18, 2025

Solana Sustains Dominance in Blockchain Revenue Amid Declining Activity

Apr. 18, 2025
Tether Zone
Facebook X (Twitter) Instagram Pinterest YouTube Dribbble
  • Home
  • News
  • Analysis
  • DeFi
  • Opinion
  • Press Release
© 2025 Tether Zone All rights reserved.

Type above and press Enter to search. Press Esc to cancel.