Bitcoin slides below 92K $: How “Krypto King” lost $ 100 billion in a few months – did Pi Network play a role?
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The crash of the marketplace on the market adds crypto trouble
Bitcoin Collision Mirrors is a wider combat fight. The S & P 500 rejected 2.3% in the last five trading days, while Nativea’s composite was topped for 4%. Bitfinex Analysts note that Bitcoin would more and more harmonize with traditional markets, stating “similar stagnation of traditional financial markets was brought to insecurities of macro.”
The American consumer feeling also hit. University polls in Michigan from 21. February revealed that consumer confidence fell 10% since January to the lowest level in 15 months. The growth of inflation expectations and economic insecurity raised fears of reduced spending.
Bitibit Hack FiOption Fiontor
The safety furrow are still curing the crypto industry. The exchange in Dubai Bibit reported that hackers infiltrated his cold wallet, steal a significant amount of ether. The stolen property is dispersed in several banknotes and liquidated through various platforms. The attack reiterated concerns about the vulnerability of a centralized stock exchange.
MicroStraTGI’s BitCoin purchase continues
Despite the fall, the microstrate remains Bullash at Bitcoin. The company, led by Michael Sailora, added 20,365 Bitcoin in its farms, worth almost $ 2 billion. This last purchase was financed through convertible sales of the bond, bringing the total Bitcoin of the company in the amount of 499,096, worth around $ 33.1 billion. Sailor, Proponent of Vocal Bitcoin, once proclaimed “, every bitcoin you don’t buy will not cost you $ 13 million.”
PI Network PI Coin Spores 270% after the initial collision
While Bitcoin is fighting, Pi Network’s Pi Coin has a video dramatic jump. After a sharp drop post-mainnet, where his price fell to $ 0.60 after listing on the OCCS, the coin is 190% to 1.64 dollars. The recovery caused a renewed interest of investors, especially in the middle of speculation about the potential list of binance. Such a list can further improve the credibility and liquidity of the market and market. Market Analysts Note that the PI network trip was anything only stable. However, its unique moving boot and growing adoption system suggest that it could handle significant Nis within the cryptocurrent ecosystem.
Bitcoin faces a critical merge after 90 days of consolidation
Bitcoin trades between 91,000 and $ 102,000 in almost three months, without a clear interruption in sight. Bitfinex Analysts said: “There was a moment needed for permanent punch led to a period of contraction and consolidation across almost all major crypto assets”
Market Pada launched a wave of liquidation, and Koinglass reported over $ 961 million in the last day. The longitant bets suffered the most lost $ 277 million. The institutional demand for Bitcoin also slowed down, with outflows from the place of external funds (ETFS) on Sunday, completion of 552.5 million dollars Sunday, 21. February.
Regulatory landscape landscape landscape landscape crypto
While the US remains cautious to crypto regulations, asian markets are a proactive attitude. Bloomberg News reported that Malaysia and Thailand are considering new policies, while Japan, South Korea and Cambodia took incremental steps towards wider adoption. Hong Kong, Singapore and Dubai appear as the dominant crypto hub, attracting institutional interest in the middle of tensing American regulations.
In addition to inflation concerns, regulatory shifts and geopolitical tensions in the game, Bitcoin remains at the intersection. Whether it returns its momentum or confronts that it will face further decreases depend on macroeconomic development and investor confidence.
(TagstotRanslate) Drop price
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2025-02-25 09:16:00