The post Crypto Market Crash Today : 28th FEB – XRP News Why is Bitcoin Dropping? , Pi Network Price appeared first on Coinpedia Fintech News
February 28, 2025 05:46:55 UTC
What Happened To Crypto Today?
Bitcoin (BTC) fell below its 200-day simple moving average (SMA) on Friday, marking a 16% weekly loss and briefly dipping below $80,000 for the first time since November 10. The decline was fueled by renewed concerns over U.S. tariffs, which boosted demand for the U.S. dollar. Altcoin like XRP, Solana (SOL), and DOGE saw even steeper losses, with XRP dropping below the 23.6% Fibonacci retracement level. President Trump’s announcement of tariffs on Canada, Mexico, and China further fueled the rise in the dollar, pushing the dollar index to 107.30.
