Odaily Planet Daily News QCP Capital posted on its official channel that Bitcoin failed to regain the resistance level of $99,000 last night, triggering a market sell-off, and Bitcoin fell back to a new low of $95,680. Due to three consecutive days of decline, the outlook for cryptocurrencies remains uncertain.
The key event last night was the listing of BERA on Binance, which opened at a high of $15.50 and is now stable at around $7.6. BERA has attracted liquidity from other altcoins.
In addition, in the progress of Trump's deregulation of cryptocurrencies, the U.S. Securities and Exchange Commission is reducing the size of its crypto enforcement division. The move is expected to promote the establishment of a new crypto working group and establish a more constructive relationship between the SEC and the industry.
The FDIC is reviewing its banking guidelines, which may allow U.S. banks to engage in certain crypto activities, such as custody services and "tokenized deposits", without prior regulatory approval.
The non-farm payroll report is about to be released tonight, and market sentiment remains cautious. QCP continues to observe interest in the BTC 28FEB25 80K put and BTC 21FEB25 90K put, reflecting the continued caution in the market, albeit with a bullish bias.