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News | Crypto Converter | Crypto Calculators |
Bitcoin jumps past $82K as bulls eye a march comeback |
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Key points: |
Bitcoin surged 5% past $82,000 after hitting a multi-month low of $78,197, fueled by easing inflation concerns. Analysts predict a market turnaround in March, citing improving financial conditions and oversold BTC levels.
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News - Bitcoin's price rebounded over 5% on February 28, reclaiming the $82,000 mark after hitting its lowest level in months. The bounce followed the release of the U.S. Personal Consumption Expenditures (PCE) index, which aligned with expectations, easing concerns about inflation. |
The January PCE report showed a 0.3% month-over-month increase and 2.5% year-over-year growth, marking the first decline in PCE inflation since September 2024. This led to a pullback in the U.S. Dollar Index (DXY), which had recently hit a two-week high of 107.45, benefiting risk assets like Bitcoin. |
Despite the recovery, interest rate cut expectations remain muted, with the latest CME FedWatch Tool showing just a 5.5% chance of a rate cut in March. |
Why this matters for Bitcoin - Macro analysts believe that Bitcoin's correction phase is nearing its end, with a broader market recovery expected in March. |
Julien Bittel, Head of Macro Research at Global Macro Investor, noted that financial conditions have improved in recent months, with lower bond yields, a weaker dollar, and falling oil prices. |
"Bitcoin at $80,000 means tighter conditions are fully reflected in price action," Bittel explained, adding that sentiment is overly bearish while Bitcoin's Relative Strength Index (RSI) has dropped to 23, the most oversold level since August 2023. |
What's next? - While Bitcoin's short-term outlook remains uncertain, growing institutional demand and improving macro conditions could set the stage for a strong rebound in March. Analysts suggest that if Bitcoin holds above $80,000, a push toward previous highs could follow in the coming weeks. |
XRP bulls defend $2: Will a 50% rally follow? |
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Key points: |
XRP has dropped nearly 35% in the last month but remains above the key $2.00 support level. Analysts suggest a rebound toward $3 if this level holds. Heavy liquidations and regulatory uncertainty surrounding the SEC's case against Ripple continue to influence XRP's price trajectory.
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News - XRP's price action has been under pressure, mirroring broader market concerns and uncertainty surrounding regulatory developments. The token has slumped approximately 35% in the past month, slipping below the crucial $2.20 resistance level. However, analysts suggest that a strong support zone just below $2 could trigger a significant recovery in the short term. |
Will XRP rebound toward $3? - Crypto analyst Egrag Crypto highlights that XRP has tested the support zone between $1.88 and $1.91 multiple times since December 2024, with bulls stepping in to defend it each time. If this trend continues, the price could see an eventual breakout toward key resistance levels at $2.20, $2.60, and ultimately $3.00. |
Dark Defender, another market analyst, supports this outlook, stating that an upward move toward $3 could be imminent. According to his projections, a confirmed breakout could set the stage for a broader move targeting the $5 to $8 range in future waves. |
Bearish pressure and market liquidations - Despite optimistic projections, XRP faces significant bearish pressure. On February 28, the token fell 9%, slipping to $2.05, marking its third consecutive bearish session. Market data shows nearly $25.5 million in XRP futures positions were liquidated in the past 24 hours, with $22.2 million in long positions wiped out, further amplifying downside risks. |
Additionally, regulatory uncertainty continues to weigh on sentiment. While the SEC has recently closed cases against other crypto firms, it has yet to drop its ongoing lawsuit against Ripple. This continued legal pressure adds fuel to the current headwinds, preventing sustained bullish momentum. |
What's next for XRP? - The key level to watch remains $2.00. If bulls manage to defend this psychological support, a short-term bounce toward $2.20 and beyond remains likely. However, if selling pressure persists and XRP fails to hold this level, a deeper correction toward $1.76 or even $1.50 could be on the horizon. |
For now, traders and investors are closely monitoring XRP's ability to reclaim $2.20 as a foundation for a potential rally, while also keeping an eye on ongoing regulatory developments that could impact the token's long-term outlook. |
Vitalik's warning, ETH's price crash: Ethereum at a critical crossroads |
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Key points: |
The Ethereum Foundation has established the Silviculture Society, an external advisory group focused on upholding Ethereum's core values. ETH price struggles at a two-year low as supply pressures and macroeconomic headwinds raise concerns about further declines.
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News - The Ethereum Foundation (EF) has taken a major step to preserve its blockchain's founding principles by launching the Silviculture Society—an external advisory group dedicated to ensuring Ethereum remains decentralized, censorship-resistant, and privacy-focused. |
Announced on February 28, the initiative gathers a diverse panel of developers, researchers, and blockchain leaders outside the EF to provide informal counsel and protect Ethereum's ideological foundation. The move comes amid increasing concerns over the crypto industry's shifting moral landscape, as Ethereum co-founder Vitalik Buterin recently expressed concerns about blockchain platforms prioritizing gambling over innovation. |
The Silviculture Society's formation follows Ethereum's continued commitment to open-source values, as seen in its $1.25 million donation toward the legal defense of Tornado Cash developer Alexey Pertsev, emphasizing that "privacy is normal" and coding is not a crime. |
Ethereum price struggles to hold $2K amid bearish pressure - While Ethereum remains focused on maintaining its core values, its market performance tells a different story. ETH has hit a two-year low, currently hovering near $2,070, with analysts warning of a potential 30% drop to $1,500 if the double-top pattern on charts plays out. |
Market data suggests that Ethereum has been facing sustained sell pressure, with 66,350 new ETH tokens entering circulation in February alone—an influx valued at over $138 million. Furthermore, ETH exchange balances have risen by 2%, signaling increased selling activity and adding downward pressure to its price. |
Analysts remain divided on Ethereum's short-term trajectory. Some experts believe the current slump presents a buying opportunity, with Santiment's Brian Quinlivan suggesting that ETH's underperformance in 2023 and 2024 could set the stage for a strong rebound in 2025. |
What's next for Ethereum? - As Ethereum balances philosophical integrity with market challenges, its future remains uncertain. While the Silviculture Society aims to reinforce its foundational values, ETH's ability to hold above $2,000 will determine its price direction in the coming weeks. |
SEC clears the way: Memecoin frenzy set for a comeback |
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Key points: |
The SEC has ruled that memecoins do not qualify as securities, removing a key regulatory concern. While memecoin trading has cooled, the ruling could fuel a resurgence in speculation and new projects.
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News - The memecoin frenzy that defined early 2024 is showing signs of cooling, with daily new token issuances dropping to 40,000—the lowest since December 2024. However, a major regulatory shift could change that. |
In a Thursday statement, the U.S. Securities and Exchange Commission (SEC) ruled that memecoins are not securities under its purview. The agency determined that meme tokens do not generate a yield or convey ownership rights, meaning they do not fit the criteria outlined in the Howey test, which governs securities classification. |
The announcement follows the creation of a new SEC Crypto Task Force, which is working on refining regulatory guidelines for digital assets. Under President Donald Trump's administration, the regulatory stance on crypto has softened, with the SEC recently dropping multiple lawsuits against exchanges like Coinbase and Uniswap. |
The ruling is expected to encourage the launch of new memecoin projects, particularly on Solana (SOL), which has become a hub for meme-based tokens. |
Memecoins vs. AI tokens: A market shift? - As AI agent tokens lose steam, analysts are eyeing a potential memecoin revival. According to recent data, AI-related tokens saw a 99.5% decline in new project creation, signaling waning enthusiasm despite ongoing developments in AI-powered crypto applications. |
At the same time, Pump.fun, one of the top launchpads for Solana-based memecoins, has fallen out of the top 10 highest revenue-generating platforms in recent weeks. |
However, traders speculate that memecoins could soon regain market traction, especially as political figures like Trump and Milei continue to stir interest in the space. |
Regulatory clarity could ignite a new memecoin boom - With fewer regulatory barriers, industry participants expect a surge in on-chain trading volume. Some analysts argue that Solana (SOL) and Ethereum (ETH) could benefit from renewed memecoin speculation, as traders rotate capital back into high-risk, high-reward assets. |
The SEC ruling also coincides with memecoins reaching mainstream financial and political circles. In February, Argentina's President Milei faced a massive backlash after promoting a controversial memecoin, further highlighting the sector's high-risk, high-reward nature. |
Despite previous volatility, some experts believe memecoins will evolve beyond their speculative origins, with future projects incorporating stronger community engagement and utility features. |
For now, with regulatory uncertainty cleared, memecoins may be on the verge of another breakout moment—whether it will be another short-lived hype cycle or a lasting shift remains to be seen. |
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More stories from the crypto ecosystem |
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Crypto scams uncovered |
In July 2024, Indian cryptocurrency exchange WazirX suffered a cyberattack resulting in the theft of approximately $234.9 million in investor funds. The breach was attributed to the North Korean hacking group Lazarus. Following the attack, WazirX suspended trading activities and, in January 2025, the Singapore High Court allowed its parent company to meet with creditors to discuss a recovery plan. HyperVerse, a cryptocurrency hedge fund, collapsed in 2024, leading to approximately $1.3 billion in customer losses. Investigations revealed that the company's purported executive director, Steven Reece Lewis, was a fictitious persona. In January 2024, Australian entrepreneur Sam Lee, chairman of HyperTech—the company behind HyperVerse—was charged with conspiracy to commit fraud in the U.S. In early 2025, North Korean hackers, notably the Lazarus Group, executed the largest cryptocurrency theft to date, stealing over $1.5 billion in Ethereum from the Bybit exchange. This heist surpassed North Korea's annual defense budget, with stolen funds potentially supporting its nuclear and missile programs. The FBI has advised cryptocurrency companies to avoid transactions with the perpetrators to hinder their efforts to launder the stolen assets.
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Top 3 coins of the day |
Solana (SOL) |
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Key points: |
At press time, SOL was trading at $145, reflecting a 5.47% increase over the last 24 hours. The Relative Strength Index (RSI) suggested an oversold condition, while the price rebounded from a key support zone, indicating potential for further recovery.
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What you should know: |
Solana's price witnessed a sharp decline earlier, falling towards a significant support level around the $125–$130 range. However, it has since bounced back, reclaiming the $145 mark. The RSI remained near 32, suggesting that the asset was previously in an oversold zone but showed early signs of a potential reversal. The support and resistance levels on the chart indicated that SOL had strong historical support around $125, while the next major resistance to monitor stood near $170. Volume data suggested increasing buying activity, reinforcing the likelihood of continued upward momentum. If buying pressure sustains, SOL could attempt to break the $160–$170 resistance zone in the coming sessions. However, if selling pressure returns, it may retest support at $130. |
Mantra (OM) |
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Key points: |
At press time, OM was trading at $7.54, reflecting a 1.57% increase over the last 24 hours. The price remained above the 9-day SMA, while the Awesome Oscillator signaled a slowdown in bullish momentum.
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What you should know: |
OM saw a steady upward trajectory, with its price maintaining strength above the 9-day Simple Moving Average (SMA), suggesting continued bullish sentiment. However, the Awesome Oscillator (AO) indicated a decline in momentum, as histogram bars turned shorter, hinting at a potential slowdown. Despite increased trading volumes, OM faced resistance near the $8 mark, leading to minor retracements. A sustained close above this level could reinforce bullish confidence, while a break below the SMA may invite bearish pressure. Traders should keep an eye on volume trends and the AO's shift in momentum for further clarity on OM's short-term direction. |
Uniswap (UNI) |
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Key points: |
At press time, UNI was trading at $7.43, marking a 5.49% decline over the last 24 hours. The price remained below the midline of the Bollinger Bands, indicating persistent bearish pressure. Also, the RSI hovered around 29.17, suggesting oversold conditions.
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What you should know: |
Uniswap's price extended its downtrend, trading below the Bollinger Bands' basis line, which reinforced the dominance of bearish sentiment. The recent sell-off pushed UNI close to the lower band, signaling increased volatility. The RSI dropping to 29.17 indicated that the asset was nearing oversold territory, which could lead to a short-term recovery if buyers step in. A rebound could see UNI testing resistance around the $8–$8.50 range, while a failure to gain momentum might result in further declines toward the $7 mark. Traders should monitor volume activity and RSI movements for signs of a potential reversal. |
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