Is a Bottom Finally in Sight?

DAILY MARKET OVERVIEW

Bitcoin Wobbles at $85K – What Comes Next?

👋 Hey Crypto Enthusiasts! The market remains under pressure, but signs of a potential local bottom are starting to emerge. Let’s break down what’s happening today.

The crypto market is in a rough patch, with Bitcoin ETFs seeing massive outflows of $1.1 billion yesterday, pushing BTC down to $85K. Analysts believe we could see a further flush towards $75K, but for now, $85K support appears strong, with buyers stepping in at these levels.

However, despite the dip, something interesting is happening. Bitcoin dominance is beginning to drop slightly, while altcoins are holding their ground. In previous cycles, this often signaled that altcoins are nearing a bottom, meaning some projects could start outperforming BTC soon. Keep an eye on coins that are showing resilience in these conditions.

📊 Key Market Events to Watch

NVIDIA Earnings (Today):

• Later tonight, NVIDIA reports earnings, a crucial event for tech stocks and crypto. Since NVIDIA plays a major role in AI and GPU-driven industries, its performance can impact market sentiment. If earnings disappoint, we could see a negative reaction across risk assets, including crypto.

US Core PCE Data (Tomorrow):

• Markets are also preparing for the release of US Core PCE data, a key inflation metric closely watched by the Federal Reserve. Hotter-than-expected PCE reading could lead to further sell-offs.

💻️ Bybit Forensic Report – No Breach in Their Infrastructure

Bybit has released its forensic report regarding the recent exploit.

• The findings indicate that no compromise was found within Bybit’s infrastructure.
  

• Instead, the issue stemmed from Safe Wallet, a third-party provider. The report suggests that malicious code was inserted into Safe Wallet’s system, leading to the hack.

Final Takeaway: The market remains in a bearish phase, but signs of a local bottom are forming. Bitcoin’s price action, altcoin resilience, and upcoming macroeconomic events will play a key role in shaping the next move. Stay patient, manage risk, and monitor market reactions closely.

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Crypto Community Insights 📜

Despite Bitcoin’s sharp drop, investors are not giving up just yet. Analyst CredibleCrypto believes BTC has a little lower to go before bottoming out. Based on his latest chart, he predicts:

• BTC will range for a few more weeks before making a strong move toward $120K.

• Altcoins will start outperforming Bitcoin once this move begins.

🔎 Key Altcoins to Watch

Not all altcoins will recover equally - projects with strong activity and catalysts will likely outperform. We continue to monitor Litecoin, AAVE, Hype, and Rollbit, as they still show real utility in this market.

🚨 Solana Struggles Continue

Negative sentiment around Solana (SOL) is growing, as major token unlocks and more scams happen.

• Today, the X account of Pump.fun was compromised, with hackers posting a fake token launch announcement, causing further user losses.
  

• The continued bad actors and sell pressure are weighing on SOL’s sentiment, pushing investors to look elsewhere.

Despite the short-term pain, the bull market is still intact, and alt season is still in play. However, patience is required to see where the market finds its true bottom before the next leg up.

Stay sharp, stay patient, and keep monitoring for key opportunities. 🚀

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

PayPal Aims for 20 Million Merchants Using PYUSD
PayPal wants 20 million merchants using PYUSD by 2025, integrating it into vendor payments, cross-border transactions, and expanding its Hyperwallet platform.

Crypto Malware ‘GitVenom’ Targets Developers via GitHub
A new crypto malware, GitVenom, infects developers through GitHub repositories, stealing Bitcoin from wallets using clipboard hijacking and Telegram-based data exfiltration.

Circle and Tether Clash Over U.S. Stablecoin Regulations
Circle’s CEO supports U.S. stablecoin registration, while Tether’s CEO argues that USDT’s global adoption benefits U.S. dollar dominance in emerging markets.

Ark Invest Buys $8.7M in Coinbase Shares, Sells Bitcoin ETF
Ark Invest purchased $8.7M in COIN shares while selling $8.6M in Bitcoin ETF holdings, as the firm adjusts its portfolio amid market volatility.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Benjamin Cowen - Solana Outlook (26.02.2025 Summary)

Benjamin Cowen analyzes Solana’s performance against Bitcoin, showing that SOL/BTC is in a long-term downtrend and will likely continue to bleed lower, similar to Ethereum’s past performance.

Key Points:

• Solana’s BTC pair peaked in early 2024 and has been in a distribution phase since.

• Meme coin speculation drained liquidity from the ecosystem as retail traders lost SOL, while insiders and meme coin platforms dumped profits.

• Solana's price action mirrors Ethereum in 2022, when ETH/BTC hit a lower high before breaking down further.

• Many Solana bulls refuse to accept the downtrend, just like Ethereum supporters did before ETH/BTC fell.

Future Outlook:

• SOL/BTC will likely continue trending lower through 2026, despite short-term rallies.

• Retail traders might get caught in bear market rallies, but the broader trend remains bearish.

• As long as Bitcoin dominance stays high, Solana and other altcoins will struggle to regain momentum.

Final Take:

Solana is in a long-term distribution phase, and its BTC pair will likely continue to decline. Meme coin speculation hurt Solana rather than helped it, causing liquidity to leave the ecosystem. While short-term rallies may occur, the macro trend suggests Solana will underperform Bitcoin.

CoinBureau - Litecoin ETF Coming? Why Institutions Are Betting Big on LTC! (26.02.2025 Summary)

CoinBureau explores why institutional investors are suddenly bullish on Litecoin (LTC) and why it could experience major growth. He argues that Litecoin is one of the best risk-reward altcoins due to its deep integrations, institutional interest, and upcoming catalysts.

1. Why Litecoin Is Still Relevant in 2025

• Litecoin is one of the oldest cryptos and has deep ties to Bitcoin, making it highly integrated across the crypto industry.

• Its fast transactions and low fees make it ideal for payments, unlike Bitcoin, which is mostly a store of value.

• Litecoin’s MimbleWimble Extension Blocks (MWEB) upgrade added optional privacy, making it more attractive for payments.

2. Institutional Demand for Litecoin Is Growing

• Several asset managers have filed for a Litecoin ETF, with a 90% chance of approval in 2025.

• Fidelity added Litecoin support in 2024, making it one of the few cryptos available to institutional investors.

• Grayscale’s Litecoin Trust once traded at an 18x premium in 2021, showing strong past demand from institutions.

3. Litecoin’s Strong Connections to Bitcoin & Dogecoin

• Litecoin is the only proof-of-work crypto besides Bitcoin that has major institutional support.

• It is merge-mined with Dogecoin, making it one of the most profitable cryptos for miners.

• This means Litecoin miners are also the biggest Dogecoin holders, giving them strong control over both ecosystems.

4. How High Can Litecoin Go?

• Technical analysis suggests LTC/BTC and LTC/ETH are breaking out, meaning LTC could outperform major cryptos in the short term.

• If Bitcoin reaches $150K, Litecoin could hit $900–$1,100 due to increased demand.

• The launch of wrapped Litecoin (WLTC) on Ethereum could introduce LTC into DeFi, further boosting demand.

5. Challenges Litecoin Faces

• Lack of funding: The Litecoin Foundation has very little funding, which could slow development.

• Competing with faster blockchains: Litecoin still relies on proof-of-work, while Solana and other blockchains offer faster, cheaper transactions.

• Narrative issues: Many investors still see Litecoin as just a "digital silver" version of Bitcoin rather than an independent asset with real utility.

🔥 Final Take:

Litecoin’s deep integrations, strong institutional interest, and potential ETF approval make it one of the best risk-reward altcoins. While it faces challenges, it has unique advantages such as strong miner support, Bitcoin-like security, and an emerging DeFi presence. If the Litecoin ETF is approved, LTC could experience a major price surge.

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