Today, February 23, 2026, the cryptocurrency market is facing significant downward pressure, primarily driven by macroeconomic shifts and large-scale liquidations.
Market Snapshot
Bitcoin (BTC): Struggling to hold the $65,000 support level. It dropped over 4.5% to start the week, currently hovering between $64,700 and $66,200.
Ethereum (ETH): Experienced a sharper correction, falling nearly 6% to approximately $1,860.
Altcoins: Major assets like Solana (SOL) and XRP are down roughly 8% and 6%, respectively.
Key News Highlights
Macro Economic Shocks: New global tariffs (increased to 15%) announced by the U.S. administration have dampened risk appetite across all financial markets, including crypto.
Massive Liquidations: Over $360 million in long positions were liquidated in a single hour late Sunday, accelerating the price slide.
Whale Activity: On-chain data shows "whales" (large holders) transferring significant amounts of BTC to exchanges, usually a signal of intent to sell.
Regulatory Moves: The UK's Financial Conduct Authority (FCA) has begun legal proceedings against the exchange HTX (formerly Huobi) regarding illegal financial promotions.
Institutional Outflows: Spot Bitcoin ETFs saw approximately $360 million in outflows over the past week, signaling a cautious "wait-and-see" approach from institutional investors.
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