FameEX Morning Crypto News Recap | February 28, 2025

Bitcoin, S&P 500, and Nasdaq Slide as Trump Announces Canada-Mexico Tariffs Begin March 4

On February 27, Bitcoin dropped to $85,000 after President Trump confirmed new tariffs on Canada and Mexico starting March 4. This announcement caused the S&P 500 and Nasdaq to fall.

Increasing Long-Term Risk of Global Inflation

Torsten Slok, chief economist at Apollo Global Management, warned that globalization's polarization could lead to sustained inflation across regions. He highlighted the rise of restrictive trade and anti-immigration policies, indicating geopolitical shifts that could further intensify global inflationary pressures in the long term.

BTC Could Encounter Significant Resistance Between $96,000 and $98,000

Glassnode highlighted substantial Bitcoin accumulation between $96,000 and $98,000 from late December 2024 to February 2025. While some addresses have reallocated BTC, the dense supply cluster indicates this price range could serve as a strong resistance level.

Cryptocurrency Fear Index Hits 10, Reaching Lowest Point Since July 2022

Alternative.me data on February 27 showed the cryptocurrency panic index dropped to 10, the lowest level since July 2022. This significant decline highlights a surge in market fear and uncertainty surrounding cryptocurrency.

BTC Spot ETF Demand Continues to Remain Weak

CryptoQuant CEO Ki Young Ju stated on February 27 that weak demand for BTC spot ETFs could delay a price recovery.

BlackRock IBIT Breaks Record with 5,002 Bitcoin in Daily Net Outflows

On February 27, Trader T reported BlackRock's IBIT experienced a net outflow of 5,002 bitcoins ($420.56M), the largest single-day outflow since its launch.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​