INSUBCONTINENT EXCLUSIVE:
The cryptocurrency market suffered a sharp decline on February 27, 2025, as Bitcoin (BTC) dropped to $79,000, marking a 17.2% loss over the
past seven days and a 23.27% drop in the last 30 days.This level of sustained decline was last seen during the mid-2022 market crash, driven
by regulatory tightening and macroeconomic pressures
announcement of new tariffs on the EU, Canada, and Mexico, which heightened fears of a global trade war
This uncertainty triggered a risk-off sentiment among investors.Bitcoin ETFs recorded $755 million in outflows on February 27 alone,
contributing to a two-day total of $1.9 billion in withdrawals
Analysts noted that institutional investors are exiting positions amid heightened volatility and geopolitical instability.Liquidations
across the market totaled over $700 million in the past day alone, with Bitcoin accounting for $365 million of this amount
Ethereum (ETH) also saw significant losses, dropping below $2,200 to an intraday low of $2,128 after losing 7% in a single day.Crypto Market
Plummets as Bitcoin Falls to $79K Amid Heavy Liquidations
(Photo Internet reproduction)XRP fell to $2.02 following an 8% decline, while Solana (SOL) slid to $127.29, down 7.5%
UpdateDespite the broader slump, Litecoin (LTC) stood out as a rare outperformer
It gained 12% over the past month and traded at $122 overnight
analysis suggests Bitcoin is oversold but lacks strong bullish momentum for recovery
Key support levels at $82,000 and $80,000 have been breached, raising concerns about further declines toward $74,000 if bearish momentum
global trade policies and institutional activity
For now, cryptocurrencies remain under significant pressure amid technical breakdowns and external macroeconomic shocks.
