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Daily Bitcoin News: February 24, 2026

1. Bitcoin drops below $63,000 amid heavy bearish pressure
BTC loses 4-5% in 24 hours, hits $62,700 lows due to Trump tariffs, ETF outflows, and whale selling. Massive long liquidations cause hundreds of millions in losses. Current price around $63,000-$63,300.

2. Record outflows continue in U.S. spot Bitcoin ETFs
ETFs see $200-315 million net outflows in a single day, extending five consecutive weeks and nearing $4 billion total. Reduced institutional demand pressures price despite MicroStrategy purchases.

3. Miners capitulate heavily, key support at $60,000
Extended miner capitulation from high costs forces sales; BTC breaks $63,000. Analysts eye $60,000 as strong support zone with slow but technically optimistic recovery potential.

4. Basel Committee assigns 1,250% risk weight to Bitcoin (Group 2b)
SCO60 places BTC in Group 2b with 1,250% risk weight, requiring 100% capital backing for bank exposures. Highly punitive rule discourages banks; called a category error ignoring BTC’s liquidity. Full effect in 2026.

5. “Bitcoin Zero”: retail fear peaks while institutions accumulate
Google searches for “Bitcoin Zero” hit all-time highs in the U.S.; Fear & Greed Index at record lows. Yet large wallets and firms like MicroStrategy keep aggressively buying, capitalizing on retail panic. Paradox signals capitulation opportunity.