📉 Crypto Market Update: February 24, 2026

The crypto market is currently navigating a period of "Extreme Fear" as a "risk-off" sentiment sweeps across global finance. Today, Bitcoin (BTC) slipped below the psychologically critical $63,000 mark, extending a four-day losing streak. The asset has now shed roughly 50% of its value since the October 2025 all-time high of $126,000.

🔍 Key Market Drivers

Macro Turbulence: Market jitters are peaking following President Trump’s announcement of a 15% global tariff on imports, which officially took effect today. The move has sparked fears of inflationary spikes and potential delays in Federal Reserve rate cuts.
The AI Correction: A broader sell-off in tech stocks driven by growing skepticism over the immediate ROI of massive AI investments is bleeding into the digital asset space.

ETF Outflows: Bitcoin ETFs are facing a brutal streak, with over $200 million in net outflows recorded yesterday alone, marking a fifth consecutive week of institutional retreats.

📊 Asset Snapshots
The decline is broad-based across the majors. Bitcoin (BTC) is currently fighting to hold the $63,100 level, down roughly 4.4% in the last 24 hours. Ethereum (ETH) has mirrored this weakness, sliding toward $1,825, while Solana (SOL) continues its descent, currently trading near $76.50.

While the majors are bleeding, some "relative strength" is appearing in specific sectors. MicroStrategy remains aggressive, acquiring another 592 BTC yesterday to bring their total holdings to over 717,000 BTC. Furthermore, institutional interest is showing signs of rotation: Harvard’s endowment fund recently made waves by trimming its Bitcoin exposure to open a significant position in Ethereum, betting on ETH's long-term utility as a "security settlement layer.

Analysts are eyeing the $60,000–$62,000 zone as the "must-hold" floor. A weekly close below this could open the doors to the $50k region, though historically, "extreme fear" levels (currently at 8 on the index) have signaled local bottoms.
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