#Bitcoin BTC Price News & Insights Today 28-2-2026 - Technical analysis of #BTC, on market structure, key support and resistance zones. Video by More #Crypto Online.
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Bitcoin (BTC) is currently trading at approximately $64,016 as of 10:35 AM UTC on February 28, 2026, marking a significant intraday decline following a "perfect storm" of geopolitical and macroeconomic triggers.
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Bitcoin Insights Today
-Geopolitical Conflict: Bitcoin plunged from $65,500 to a low of $63,198 within minutes following reports of coordinated U.S. and Israeli military strikes on Iran.
-Massive Liquidations: The sudden "risk-off" move triggered an estimated $100 million to $175 million in long position liquidations as leveraged traders were caught off guard.
-Hotter Inflation Data: Market sentiment was already fragile after January's Producer Price Index (PPI) rose 0.5%, exceeding the 0.3% forecast and dampening hopes for Federal Reserve rate cuts.
-Safe Haven Shift: Investors have largely rotated out of volatile digital assets into traditional safe havens, with Gold surging and oil-linked futures on Hyperliquid jumping over 5%.
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