Trading

Bitcoin’s pullback has revived debate over downside risk, with estimates placing a 25% chance of a drop below $50,000 from near $63,000. Additional probabilities include 60% for a break under $60,000 and 45% for slipping beneath $55,000, while 40% suggests holding above $60,000 in the near term. At press time, BTC traded at $63,048.

On February 24, 2026, Meteora emerged as the leading candidate on Polymarket to be named in ZachXBT's upcoming insider trading investigation scheduled for February 26. Traders pushed Meteora's implied odds as high as 53%, while MET fell over 15% to around $0.18 amid short positions and growing speculation. The Solana-based DEX currently supports $494M in liquidity and significant USDC trading activity, particularly in TRUMP-related pools.

On February 24, chart data shared by Bitcoinsensus showed the BTC-to-gold ratio sliding into a long-standing support area. The ratio has revisited levels last seen in March 2023 and sits under 25% above its 2022 bear market lows. Bitcoin traded at $63,020.77, down 5% daily and 7.1% weekly, per CoinGecko.

On February 20, 2025, Pi Network launched its Open Network; on February 24, 2026, it marked the first anniversary and shared 16.2M mainnet migrations and 17.7M KYC users, according to Pi Core Team. Pi Coin is at $0.1622, close to the all-time low near $0.13, after falling more than 8% over the past week amid community calls to resolve core issues.

On February 23, 2026, the Coinbase Bitcoin premium moved back above zero after spending most of the month negative since heavy selling on February 6. Market data showed BTC around $66,150 on Binance futures with a 0.40% hourly uptick, while spot was near $65,070 and down roughly 3% for the day.

Bitcoin is approaching a major bearish "death cross" on its three-day chart around February 27, with the 50-day SMA set to cross below the 200-day SMA as the asset trades near $63,158. The cryptocurrency has already dropped more than 52% from its October 2025 high above $110,000 to around $68,000, and analysts warn that historical patterns point to further potential downside toward $40,000 or even $30,000. Recent selling has pushed BTC below the $60,000 support and under both key moving averages, with broader risk-off sentiment and leverage unwinds adding pressure.

On February 10, 2026, XRP Ledger active addresses peaked at 32,684; by February 24 they fell to 14,551, a 55% drop. Active addresses are a key engagement indicator, and the slump coincides with whales moving over 31 million XRP to Binance while price trades near $1.33, raising the risk of a move below $1.

The U.S. SEC appointed Taylor Lindman, formerly a senior legal officer at Chainlink Labs, as chief counsel for its Crypto Task Force. According to the report, LINK traded around $8.18 after rebounding from $8.13, with support near $6.80 and resistance at $8.19, while its price is roughly 51% lower year over year.

Espresso (ESP) surged more than 123% over the last 24 hours, hitting a record high of $0.219 as simultaneous listing announcements from South Korea’s top exchanges, Upbit and Bithumb, triggered an explosive wave of accumulation. While technical indicators suggest the rally is currently overextended, the token’s massive volume spike indicates strong buyer conviction as it defies a broader market downturn.

Seeker (SKR) surged more than 41% today, hitting an intraday high of $0.032 as a major listing on South Korea’s largest exchange, Upbit, triggered a massive wave of accumulation. While technical indicators point toward a potential retest of its all-time high, the token’s performance stands in stark contrast to a broader market Extreme Fear phase, with traders eyeing the $0.035 resistance level and a sustained breakout into the $0.040 range.