Bitcoin Corrects, February Remains Tough for Crypto
The crypto market weakened again on Friday (February 27th), with Bitcoin weakening amidst still-fragile risk appetite. Risk-off pressures have caused the recovery from this week's low to lose momentum, while market participants remain sensitive to a combination of global economic uncertainty, tariff issues, and geopolitical risks.
In the latest update, Bitcoin (BTC) was trading at $65,529, down -2.10% intraday. Ethereum (ETH) also weakened to $1,924 (-3.34%), confirming that pressure remains prevalent across large-cap crypto assets.
Pressure was also seen in major altcoins: XRP at $1.36 (-2.16%), BNB at $611.33 (-0.92%), and Solana (SOL) at $81.78 (-3.68%). Meanwhile, Cardano (ADA) fell to $0.2776 (-2.21%), and Dogecoin (DOGE) weakened to $0.0934 (-2.57%).
Going forward, the direction of crypto will still be largely determined by changes in global sentiment: whether the market will return to risk-taking or remain defensive. As long as tariff and geopolitical uncertainty dominate the headlines, crypto tends to be volatile and prone to sell-on-rally, especially after brief rallies that are not followed by further buying.
Source: Newsmaker.id