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Crypto Crash Today – Feb 26th: Ripple News, Bitcoin Price, SBF Tweet, Trump UN Resolution
The crypto market is experiencing a massive downturn today, with major assets plummeting in value. The recent tariff announcement by President Trump has sent shockwaves throughout the global financial markets, resulting in significant losses for investors.
According to Coinpedia’s real-time tracking, Bitcoin (BTC) has fallen below $92,000, wiping out nearly 10% of its value in a matter of hours. Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and SUI have all faced major pullbacks, with some altcoins experiencing losses exceeding 20%.
Ripple News:
In other news, Ripple has announced that it will be shutting down its XRP-related projects due to the current market conditions. The company cited “extreme market volatility” as the reason for the decision.
Bitcoin Price:
As mentioned earlier, Bitcoin’s price has plummeted, with many analysts pointing to the tariff announcement by President Trump as the primary catalyst for the sell-off. With this kind of news, it’s no surprise that investors are flocking to safer assets and abandoning riskier investments like cryptocurrency.
SBF Tweet:
Sam Bankman-Fried (SBF), CEO of FTX, took to Twitter to express his concerns about the current market conditions. In a tweet, he warned investors not to panic sell their assets, stating that “market crashes are an opportunity” for long-term investors. Many have taken SBF’s words to heart and are using this moment as an entry point into the market.
Trump UN Resolution:
In a surprise move, President Trump announced that his administration would be withdrawing its proposal for a UN resolution on cryptocurrency regulation. The decision was met with widespread criticism from many in the crypto community, who saw it as an opportunity missed.
Despite the chaos and uncertainty in the markets, some investors remain optimistic about the long-term potential of cryptocurrencies.
