Crypto Markets Struggle as BTC Slips Below $64K
The Defiant
by Denis OmelchenkoFebruary 24, 2026
AI-Generated Deep Dive Summary
Cryptocurrency markets are facing renewed pressure as Bitcoin (BTC) struggles to maintain support levels. Over the past week, BTC has seen significant declines, dropping from approximately $66,000 on Feb. 23 to around $63,700 at press time—a nearly 3% daily decline and a weekly loss of about 6%. Ethereum (ETH) also followed suit, falling 3% to $1,840, marking a 5.4% drop over the week. This downturn comes amid broader concerns related to AI-linked fears, macroeconomic uncertainty, and waning institutional demand.
The crypto market’s current challenges are compounded by a lack of strong support levels for BTC, which has failed to stabilize despite attempts by buyers. This weakness has trickled down to other major cryptocurrencies, creating a bearish sentiment across the board. Total crypto market capitalization now sits at around $2.27 trillion, having decreased by 2.5% over the past day. The broader macroeconomic environment remains unstable, with investor sentiment further dampened by fears of an AI-driven downturn and reduced institutional interest.
For readers interested in DeFi and Web3, this news highlights the interconnectedness of crypto markets and their susceptibility to external factors. While BTC and ETH are leading the decline, smaller cryptocurrencies and decentralized platforms may feel the ripple effects as well. Investors should remain cautious, closely monitoring market trends and considering diversification strategies to mitigate risks. For those following DeFi or Web3 developments, understanding these market dynamics is crucial, as they can significantly impact project valuations and ecosystem growth in the near term.
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Originally published on The Defiant on 2/24/2026