BTC drops below 65,000 USDT

Bank of America warns of narrowing P/E, Bitcoin faces structural pressure

The latest market outlook from Bank of America is not merely a short-term negative forecast but a structural warning: what will happen when the market stops assigning high valuations, even if corporate profits continue to grow. This bank believes that the S&P 500 index currently remains undervalued.

Here’s Why the Crypto Market Is Falling as Bitcoin (BTC) Price Slips Below $65K

The crypto market is struggling. Total market cap is down about 3.5%, now sitting near $2.25 trillion. The Bitcoin price has fallen more than 3% and is trading around $65,549 after briefly dipping even lower. Ethereum is down 5%, BNB has dropped 3.7%, Solana is down 7%, and XRP is off about 4%.

Data: Bitcoin spot ETF saw a net outflow of $316 million last week, marking five consecutive weeks of net outflows.

Last week, Bitcoin spot ETF net outflows reached $316 million, with BlackRock ETF IBIT leading with outflows of $303 million, and Fidelity ETF FBTC outflows of $19.5955 million. Grayscale Bitcoin Mini Trust BTC, on the other hand, saw a net inflow of $35.9735 million. The total net asset value of Bitcoin spot ETFs currently stands at $85.31 billion.

India's IT training company Jetking CFO reaffirms Bitcoin reserve strategy, aiming for a holding of 18,000 coins by 2030

ChainCatcher News, Siddarth Bharwani, Co-CEO and CFO of Indian IT vocational training company Jetking Infotrain, stated at the "Enterprise Bitcoin" event held in Las Vegas that the company will firmly advance its Bitcoin-based strategy.

NYDIG Research Director: The "investable scope" in the crypto space is narrowing

NYDIG Research Director Greg Cipolaro pointed out that the investable scope in the crypto space is narrowing, mainly focusing on extending traditional financial products to blockchain applications, and believes that the likelihood of large-scale blockchain applications emerging is lower than expected.

Bitcoin's global asset market cap ranking drops to 15th place

BlockBeats News, February 23 — According to 8MarketCap data, Bitcoin's global asset market cap ranking has dropped to fifteenth place, behind Broadcom and Tesla. The current Bitcoin market cap has fallen to $1.305 trillion, a 24-hour decrease of 4.11%.