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Read expert analysis on what could drive XRP to new highs here<\/a>.<\/p>\n Despite altcoins finding much-needed support on February 25, bitcoin (BTC<\/a>) faced renewed selling pressure, dropping below $90k for the first time since January 13.<\/p>\n BTC has failed to reclaim the crucial $100k level for eighteen consecutive sessions and is down 19% from its January 20 record high of $109,312.<\/p>\n Several macro factors have impacted BTC price trends, including:<\/p>\n Recently, the US States of Montana and South Dakota voted against state-level SBRs<\/a>, dampening hopes for a national SBR. Speculation about a potential national SBR drove BTC to its all-time high of $109,312.<\/p>\n In late 2024, Senator Cynthia Lummis introduced the Bitcoin Act, proposing that the US government acquire one million BTC over five years, with a mandatory 20-year holding period. Such a move would significantly tilt the supply-demand balance in BTC\u2019s favor. However, the lack of progress has impacted investor sentiment and contributed to net outflows from BTC-spot ETFs.<\/p>\n On February 25, market intelligence firm Santiment shared a chart on sentiment toward BTC, ETH<\/a>, ETH<\/a>, and XRP, stating<\/a>:<\/p>\n \u201cWith crypto\u2019s slide and Bitcoin\u2019s fall down to $86K today, the community\u2019s sentiment levels are essentially at rock-bottom. Historically, when notably high FUD and trader capitulation begins to trickle in at these levels, the cryptocurrency bottom is near.\u201d<\/p>\n<\/blockquote>\n [ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":" [ad_1] XRPUSD \u2013 Daily Chart \u2013 260225Read expert analysis on what could drive XRP to new highs here. Bitcoin Drops Below $90K as Macro Headwinds Bite Despite altcoins finding much-needed support on February 25, bitcoin (BTC) faced renewed selling pressure, dropping below $90k for the first time since January 13. BTC has failed to reclaim the crucial $100k level for eighteen consecutive sessions and is down 19% from its January 20 record high of $109,312. Several macro factors have impacted BTC price trends, including: US SBR Developments and BTC-Spot ETF Flows Recently, the US States of Montana and South Dakota voted against state-level SBRs, dampening hopes for a national SBR. Speculation about a potential national SBR drove BTC to its all-time high of $109,312. In late 2024, Senator Cynthia Lummis introduced the Bitcoin Act, proposing that the US government acquire one million BTC over five years, with a mandatory 20-year holding period. Such a move would significantly tilt the supply-demand balance in BTC\u2019s favor. However, the lack of progress has impacted investor sentiment and contributed to net outflows from BTC-spot ETFs. On February 25, market intelligence firm Santiment shared a chart on sentiment toward BTC, ETH, ETH, and XRP, stating: \u201cWith crypto\u2019s slide and Bitcoin\u2019s fall down to $86K today, the community\u2019s sentiment levels are essentially at rock-bottom. Historically, when notably high FUD and trader capitulation begins to trickle in at these levels, the cryptocurrency bottom is near.\u201d [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":36576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-36575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\tBitcoin Drops Below $90K as Macro Headwinds Bite<\/h2>\n
US SBR Developments and BTC-Spot ETF Flows<\/h2>\n
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