Bitcoin (BTC), the world’s oldest and most valued crypto, dipped below the $81,000 mark early Friday as the sector is seeing increased selloffs due to Trump’s tariff tensions. Leading institutions such as Blackrock has been selling BTC and Ethereum (ETH) worth billions, making it harder for bulls to turn the market around. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds across the board as overall Market Fear & Greed Index stood at 21 (Fear) out of 100, as per CoinMarketCap data. The Berachain (BERA) token became the biggest gainer, with a 24-hour jump of nearly 3 percent. Story (IP) became the biggest loser, with a 24-hour loss of nearly 16 percent.
The global crypto market cap stood at $2.67 trillion at the time of writing, registering a 24-hour loss of 4.36 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $80,415.94 registering a 24-hour dip of 5.01 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 82.79 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,136.62 marking a 24-hour dip of 7.58 percent at the time of writing. Ethereum price in India stood at Rs 2.35 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 7.44 percent, as per CoinMarketCap data, currently priced at $0.1904. Dogecoin price in India stood at Rs 20.07.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 0.43 percent. At the time of writing, it was trading at $122.80. LTC price in India stood at Rs 10,682.47.
Ripple (XRP) Price Today
XRP price stood at $2.02, seeing a 24-hour loss of 6.93 percent. Ripple price in India stood at Rs 215.74.
Solana (SOL) Price Today
Solana price stood at $127.73, marking a 24-hour dip of 7.08 percent. SOL price in India stood at Rs 13,740.49.
Top Crypto Gainers Today (February 28)
As per CoinMarketCap data, here are the top crypto gainers over the past 24 hours:
Berachain (BERA)
Price: $7.65
24-hour gain: 3.08 percent
UNUS SED LEO (LEO)
Price: $9.21
24-hour gain: 1.53 percent
Mantra (OM)
Price: $7.27
24-hour gain: 0.48 percent
Top Crypto Losers Today (February 28)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Story (IP)
Price: $5.72
24-hour loss: 15.41 percent
Official Trump (TRUMP)
Price: $11.40
24-hour loss: 14.40 percent
Raydium (RAY)
Price: $2.09
24-hour loss: 14.30 percent
Bittensor (TAO)
Price: $308.34
24-hour loss: 13.82 percent
Virtuals Protocol (VIRTUAL)
Price: $1.01
24-hour loss: 13.64 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Alankar Saxena, CTO and co-founder, Mudrex told ABP Live, “After trying to stabilize near $86,000, Bitcoin pulled back to $82,400, mirroring a broader market trend as bulls failed to regain control. Despite the dip, institutions like Standard Chartered remain optimistic, targeting $500K by the end of Trump’s term. Additionally, Texas’s unanimous approval of a Bitcoin Reserve shows strong government support for the sector. While these positive developments have boosted investor sentiment, it is yet to be reflected in Bitcoin’s price. Currently, BTC is facing resistance at the previous high of $86,600, with support at $80,300.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin has plunged below $80,000 since November amid growing macroeconomic uncertainties. Market sentiment has been shaken by Trump’s tariff policies, regulatory concerns, and the recent $1.5 billion Bybit hack, eroding investor confidence. Ethereum has also suffered, dropping to a yearlong low. A massive $106 million liquidation occurred as Bitcoin briefly hit $81,000, triggering further volatility. Investors are optimistic yet in fear whether Bitcoin has found a near-term floor or if more downside is imminent.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is trading at $85,634, facing resistance at $86K–$88K. A breakout above this range could push prices to $90K, while failure may lead to declines toward $82K, $78K, or even $75K. Short-term indicators show mixed signals, with RSI at 30 and MACD negative, suggesting bearish momentum but potential buying opportunities. Moving averages confirm a downtrend, with EMA 200 and SMA 200 providing long-term support at $85,647 and $81,879. If Bitcoin breaks above $88K, it could trigger a bullish reversal toward $95K. However, losing support at $84K may accelerate a downturn, keeping the market at a critical juncture.”
CoinDCX Research Team noted, “The crypto market has entered a strong bearish phase as Bitcoin slumps below $80,000 for the first time since the November 2024 breakout. The other popular altcoins are also experiencing a similar sell-off but have been holding above their crucial support. The institutions are playing a major role in the ongoing sell-off as Blackrock has been selling billions worth of BTC & ETH. Meanwhile, Litecoin is displaying some strength with the possibility of a quick rebound as the bulls continue to defend the local support at $120.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.