Prominent VC Names Dire Consequences of BTC Losing $60K - U.Today

Today's Cryptocurrency News (February 24) | Gate's spot market share remains among the top three globally; Russia investigates Pavel Durov

This article summarizes cryptocurrency news as of February 24, 2026, focusing on the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. Gate's spot market share remains among the top three globally, with derivatives ranking fourth in the industry; 2. The Kremlin directly targets Telegram, and Pavel Durov faces a criminal investigation controversy; 3. The Federal Reserve plans to eliminate the "reputation risk" rule: restrictions on bank accounts for crypto companies may see significant easing.

Customs have stopped collecting illegal tariffs, but why is your Bitcoin still falling?

U.S. Customs announced the suspension of illegal tariffs imposed by Trump under the International Emergency Economic Powers Act, but the newly imposed 15% global tariffs will take effect on February 24. The market reaction was lukewarm, and Bitcoin prices declined again. Analysts warn that if the $60,000 support level is broken, further declines may occur. In the short term, a tax refund is unlikely, and the market remains under pressure.

When will Bitcoin rebound? Historical data reveals key prices and potential buying opportunities

February 24 News, Bitcoin has recently been on a continuous decline, sparking market attention on the recovery timing. According to Glassnode data, the 90-day realized profit and loss ratio has fallen below 1 for the first time since 2022, indicating that the market has entered an oversold phase. Historical experience shows that this state typically lasts about six months, suggesting that Bitcoin may remain at low levels until the end of the third quarter of this year. The realized profit and loss ratio reflects the proportion of profits and losses in on-chain transactions. When the ratio is below 1, losses dominate, and investors are mostly capitulating. Past bear market cycles—2015, 2018, and 2022—have all shown this pattern. During these lows, market panic is common, but it also presents potential buying opportunities.

Vitalik Buterin Analyzes Bitcoin Privacy Limitations: Why Decentralization Takes Priority Over Privacy

February 24 News, Ethereum founder Vitalik Buterin stated at an event in Chiang Mai, Thailand, that Bitcoin was designed with a priority on decentralization rather than privacy features, so it cannot effectively support both. He pointed out that Bitcoin, in order to maximize decentralization, has almost sacrificed privacy benefits, resulting in highly transparent transactions and account information on the blockchain. Buterin explained that early cryptographic technology relied on centralized institutions to protect privacy because achieving full decentralization and privacy simultaneously was nearly impossible at the time. He emphasized that Bitcoin's design trade-offs involve some sacrifices in privacy, but its decentralization advantage provides the foundation for its network security and resistance to censorship.

Will Bitcoin drop to $50,000? Strategy adds $40 million, Citrini AI report triggers market turbulence

February 24 News, Strategy announced an additional $40 million investment in Bitcoin, despite the current market being somewhat pessimistic about Bitcoin price forecasts. The company currently holds Bitcoin worth $55 billion, with an average cost of approximately $76,020. At Bitcoin's current price of $63,000, unrealized losses amount to nearly $10 billion. Executive Chairman Michael Saylor stated that the company employs a dollar-cost averaging strategy and is not concerned about short-term price fluctuations. Recently, Bitcoin has been affected by geopolitical tensions, economic uncertainties triggered by developments in artificial intelligence, and policy changes by the Trump administration, leading to consecutive price declines. Matt Howells-Barby, Vice President of Growth at CEX, pointed out that Bitcoin could potentially drop to $50,000 in the short term. Data from DefiLlama shows that investors sold over $1 billion worth of Bitcoin ETFs in February, bringing the total ETF decline since November last year to $7 billion. Data from CF Benchmark indicates that major hedge funds reduced their Bitcoin ETF holdings by 28% between the third and fourth quarters.