The post Crypto Market Crash Today : 28th FEB – XRP News Why is Bitcoin Dropping? , Pi Network Price appeared first on Coinpedia Fintech News February 28, 2025 06:55:50 UTC Is The Crypto Bull Run Over? Ethereum has officially wiped out its post-election rally, now down 9% since November 5th, 2024. With a nearly 50% drop from its highs after the election, questions are rising about whether a new crypto bear market has begun. The broader crypto market has suffered nearly $1 trillion in losses over the last two months, signaling a significant shift in sentiment across the space. February 28, 2025 06:51:06 UTC Robert Kiyosaki Buying Bitcoin This Crypto Market Crash Robert Kiyosaki, the famous financial educator, explained why he continues to buy Bitcoin when the market crashes. Kiyosaki believes that the real problem lies not with Bitcoin but with the failing U.S. monetary system and its $36 trillion debt, along with the $230 trillion in total liabilities, including Medicare and Social Security. He warned that inflation will skyrocket when countries like Japan and China stop buying U.S. bonds, causing the economy and U.S. dollar to collapse. Kiyosaki emphasized that Bitcoin represents money with integrity, contrasting it with “fake money” which he views as a thief. February 28, 2025 06:51:06 UTC Crypto Liquidations Today Hit $821 Million Over the past 24 hours, a total of $821.24 million worth of leveraged positions have been liquidated, with the majority coming from long positions. Long liquidations amounted to $771.75 million, while short liquidations were significantly lower at $109.49 million. This massive liquidation event highlights the volatility in the market and the risks associated with leveraged trading. February 28, 2025 06:32:33 UTC Arizona Senate Advances Bitcoin Reserve Bill, Racing Utah for Crypto Investment Approval Arizona’s Senate has passed the Strategic Digital Assets Reserve bill (SB 1373) with a vote of 17-12 on February 27, bringing it closer to becoming law. The bill creates a Digital Assets Strategic Reserve Fund managed by the state treasurer, including crypto seized by the state and appropriated funds. Meanwhile, another bill, the Strategic Bitcoin Reserve Act (SB 1025), also passed the Senate, focusing on investing public funds in crypto. Arizona now joins Utah in leading the race for US state crypto investment bills. February 28, 2025 06:21:41 UTC When Will Bitcoin Go Back Up? Bitcoin’s price is currently testing the Weekly MA50 at $74.8K, a crucial level to watch. After consolidating in September 2024, Bitcoin touched the MA50 and bounced back. If the bulls can hold this support again, it could trigger a strong bounce, potentially pushing Bitcoin to create a new all-time high (ATH). Investors are closely monitoring this key technical level for signs of bullish momentum. February 28, 2025 06:19:01 UTC Stock Market Crash Today: Rising Volatility Signals “RISK-OFF” Mode as Investor Sentiment Drops Stock market today faces rising volatility, with four consecutive days of spikes in the Volatility Index ($VIX) above 20. Warren Buffett, in his annual report, acknowledged the difficulty in finding bargains in a historically strong market. With mixed tariff headlines and bearish investor sentiment at its lowest since 2022, the market is edging toward “RISK-OFF” mode. Rising volatility seems to be the new normal, with more capital moving to the sidelines. February 28, 2025 06:15:21 UTC XRP News: Ripple vs SEC Lawsuit Dismissal Speculated After Closed-Door Meeting The SEC held a closed-door meeting on February 27, 2025, raising speculation it could drop its appeal in the Ripple case. The lawsuit, claiming XRP was sold as an unregistered security, has drawn attention as the SEC recently dropped several high-profile cases. If the SEC dismisses the appeal, XRP’s price could surge, with analysts predicting a potential rally to $3.20 following Ripple’s previous legal victories. February 28, 2025 06:13:02 UTC Pi Network Listing on Binance Gains Support with 86% Community Vote Binance has completed a community vote that may lead to the listing of Pi Coin (PI) on the platform. With 86% of the 294,957 participants voting in favor, this marks a significant move toward integrating Pi Network’s native cryptocurrency into Binance’s offerings. However, Binance clarified that the vote results are for reference only, and the decision will be subject to further evaluation. Pi Coin, which has grown to over 60 million members, saw a 20.8% price drop following its ATH but has still outperformed the broader crypto market. The Pi Network community is also looking forward to Pi Day on March 14, 2025, which could bring further excitement and developments for the coin. February 28, 2025 06:07:13 UTC When Will Crypto Go Back Up? After recent corrections, the market appears to have found a solid demand zone, potentially setting up for a bounce. Bitcoin ($BTC) could reach $97K-$100K, Ethereum ($ETH) may hit $3K, and altcoins could experience a 10%-30% rally. This bounce may be triggered not only by technical factors but also by NVIDIA’s record-breaking earnings and the upcoming US PCE Price Index data. Investors are watching closely as the Fed evaluates its policies based on this data, which could influence market movements further. February 28, 2025 05:46:55 UTC Bitcoin News Today : BTC Price Crash Below $80K Bitcoin’s spot volume surged around the $100K mark, but during distribution phases, prices tend to drop when new liquidity dries up. The key question now is where fresh liquidity will come from to sustain a bullish trend. With limited new liquidity entering the market, an extended consolidation within a wide range ($75K-$100K) seems likely, similar to early 2024. This range-bound movement could persist until favorable news for Bitcoin triggers new liquidity inflows. February 28, 2025 05:46:55 UTC What Happened To Crypto Today? Bitcoin (BTC) fell below its 200-day simple moving average (SMA) on Friday, marking a 16% weekly loss and briefly dipping below $80,000 for the first time since November 10. The decline was fueled by renewed concerns over U.S. tariffs, which boosted demand for the U.S. dollar. Altcoin like XRP, Solana (SOL), and DOGE saw even steeper losses, with XRP dropping below the 23.6% Fibonacci retracement level. President Trump’s announcement of tariffs on Canada, Mexico, and China further fueled the rise in the dollar, pushing the dollar index to 107.30.
