There is currently a wave of uncertainty in the cryptocurrency world. The market has been under continuous pressure for the past three days, which has caused concern among investors. According to the recent news provided by you, the market situation can be divided into the following three main points:
1. Major drop in Bitcoin price (CNBC report)
According to a CNBC report, the price of Bitcoin has fallen to around $64,000. This bearish journey, which started on February 23, 2026, continues, where Bitcoin touched a low of $64,830 on Monday morning. Its price saw a decline of up to 5% between Sunday and Monday alone. This downturn shows that the start of 2026 is proving to be quite difficult for the crypto market.
2. Regulatory Changes and Virtual Assets Bill (Dawn News)
According to a report by the Dawn newspaper, the Senate has passed the “Virtual Assets Bill” to regulate cryptocurrencies. The bill aims to bring the crypto market under legal jurisdiction and appoint a regular regulator. While this may be a positive step in the long run, such legislation creates uncertainty in the market in the immediate term, which negatively affects prices.
3. Impact on Other Cryptocurrencies (Altcoins) (CoinDesk Report)
A report by CoinDesk on February 28, 2026, shows that not only Bitcoin, but also major cryptocurrencies like Solana and XRP have seen their prices decline. The slight improvement that the market showed on Wednesday has been erased by this recent decline.
Why is the market going down for three days?
There may be a few major reasons for the three-day decline in the crypto market:
Profit taking: Investors are taking their profits on a large scale.
Tight regulations: Crypto restrictions or strict tax laws (as mentioned in the Senate bill) by various countries make investors cautious.
Global political situation: Global issues such as the "Afghan tension" mentioned in the picture also create anxiety in global financial markets.
Which coin is going "top" in this difficult market?
Usually, when major coins like Bitcoin and Ethereum are falling, investors move their money to "Stablecoins".
USDT (Tether) and USDC: These coins are currently the most used because their value remains equal to one dollar. When the market is sinking, these coins prove to be a "safe haven" for investors.
Solana's Role: Although the report mentions a price drop, Solana has outperformed many other coins in recent times due to its technology and bullishness, and it often tops the list in terms of recovery.
Advice: In such a volatile market, it is better to adopt a "wait and see" policy rather than making large direct investments until the market determines a direction.