INSUBCONTINENT EXCLUSIVE:
The cryptocurrency market experienced significant volatility over the weekend, culminating in a sharp sell-off on Sunday evening, February
Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies, saw notable declines driven by macroeconomic uncertainty, profit-taking
by large holders, and bearish technical signals.Bitcoin dropped from above $97,000 to a weekend low of $95,000 before stabilizing at $96,970
This marked a 2% weekly decline
Trading volume fell to $45 billion from $60 billion in January as reduced liquidity and cautious trading dominated the market.Ethereum faced
steeper losses, dropping below $2,600 after losing nearly 9% last week
By Monday morning, ETH traded at $2,643 with daily trading volume down to $22 billion from $30 billion a month ago.Crypto Markets Face
Weekend Turmoil as Bitcoin and Ethereum Slide Amid Heavy Selling
A whale transaction involving 8,139 ETH ($21.18 million) triggered a rapid 3.2% price drop within 30 minutes
The Ethereum Foundation also moved 50,000 ETH ($131 million), raising concerns about further selling pressure
These events followed a broader trend of profit-taking by large holders.Macroeconomic uncertainty added to the bearish sentiment
Renewed tariff threats from former United States President Donald Trump rattled global markets and spilled into cryptocurrencies
Traders increased short positions on both BTC and ETH in anticipation of further downside risk.Technical indicators reinforced this outlook
sell-off, some investors saw opportunities for accumulation
Bitcoin network activity also suggested growing interest from long-term investors.Crypto Markets Face Weekend Turmoil as Bitcoin and
Ethereum Slide Amid Heavy SellingInstitutional flows into crypto ETFs reflected mixed sentiment
Bitcoin ETFs saw early-week outflows of $140 million but recovered midweek with $340 million in inflows
Ethereum ETFs attracted $420 million in net inflows during the same period, signaling continued institutional interest in ETH despite price
struggles.Altcoins mirrored the broader market decline
Solana (SOL), Cardano (ADA), and Ripple (XRP) posted losses between 4% and 10%, while Litecoin (LTC) gained over 5% following renewed
interest after its recent halving event.The weekend underscored the fragility of current market conditions and the outsized impact of large
