BTC Breaks Through 68,000 USDT

Data: If BTC breaks through $66,406, the total liquidation strength of mainstream CEX short positions will reach $1.728 billion.

ChainCatcher reports that, according to Coinglass data, if BTC breaks through $66,406, the total liquidation strength of long positions on major CEXs will reach $1.728 billion. Conversely, if BTC drops below $60,242, the total liquidation strength of short positions on major CEXs will reach $798 million.

Analysis: The 2026 Bitcoin ETF sell-off is a "purification" process of the bull market.

EMJ Capital founder Eric Jackson stated that Bitcoin ETF investors are experiencing "institutional exits," but this does not mean the end of the bull market; rather, it is a market cleansing process, and in the future, it will be replaced by long-term capital such as sovereign wealth funds. He believes that market pessimism is intensifying, but in the future, there will be a recovery in stablecoin supply and stronger holding capital.

Canaan Technology acquires a 49% stake in Cipher's joint mining farm in West Texas with $39.75 million in stock.

Bitcoin miner manufacturer Canaan Inc. acquired a 49% stake in Cipher Mining's ABC Projects in Texas for $39.75 million, becoming a major shareholder. The deal involved issuing shares and purchasing 6,840 mining machines, with the total hash rate of the mining farm approximately 4.4 EH/s.

Cathie Wood: Bitcoin is "undoubtedly" superior to gold

Ark Invest founder Cathie Wood reiterated her confidence in Bitcoin during a Bloomberg interview, believing that Bitcoin is superior to gold and has the ability to resist inflation and deflation. Although Bitcoin has performed poorly this year, Wood remains focused on its long-term structural adoption trend rather than short-term price fluctuations.

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.