Crypto
crypto
Toby Bochan

Bitcoin price falls as polls and prediction markets lower Trump’s odds

The day before the US election, prediction markets have narrowed their odds, with CoinDesk reporting that Polymarket had dropped the odds of a Trump victory to as low as 53% overnight on Saturday — it had been as high as 67% earlier last week. Rival market Kalshi had the odds narrow even further, with the two candidates nearly dead even in the wee hours of Saturday night.

bitcoin price fell from a near record-high on Tuesday to under $68,000 over the weekend. The crypto’s value seems to be highly correlated with the former president’s numbers, with one analyst noting on X, "Maybe it really is as simple as: • Trump win = $BTC pump • Kamala win = $BTC dump.”

As of writing, Trump has regained some of the market’s confidence, with Polymarket giving him 59.6% odds and Kalshi putting Trump’s chances at 57%, but bitcoin is still struggling to recover and break back through $69,000.

BTC
0.00%
Today

Bitcoin Pulls Under $68K as Crypto Markets Falter Ahead of Election

Bitcoin Pulls Under $68K as Crypto Markets Falter Ahead of Election

bitcoin price fell from a near record-high on Tuesday to under $68,000 over the weekend. The crypto’s value seems to be highly correlated with the former president’s numbers, with one analyst noting on X, "Maybe it really is as simple as: • Trump win = $BTC pump • Kamala win = $BTC dump.”

As of writing, Trump has regained some of the market’s confidence, with Polymarket giving him 59.6% odds and Kalshi putting Trump’s chances at 57%, but bitcoin is still struggling to recover and break back through $69,000.

BTC
0.00%
Today

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crypto
Sage D. Young

Ethereum struggles to hold market gains

After rallying from $1,830 to above $2,100 on Wednesday, ethereum struggled to hold on to its gains and dipped under $2,000, a round psychological price level, on Thursday. 

The seesaw price action helped liquidate $146 million worth of leveraged long and short positions on ethereum in the last 24 hours, data from CoinGlass shows.  

While ethereum was due for a relief rally after entering into oversold conditions as measured by its relative strength index, some are still maintaining a bearish sentiment, according to Delphi Digital analyst Simon Shockey.

With ethereum now trading under $2,000, Shockey called the rally “unconvincing.” He told Sherwood News that he doesn’t “think most crypto natives are compelled to really believe the lows are in,” adding that he could see ethereum fall further from here and make new lows in the second half of the year. 

The price action comes as cofounder Vitalik Buterin has sold $35 million worth of ethereum tokens since the start of February and the paper loss for the largest ethereum treasury firm, BitMine Immersion Technologies, has climbed to nearly $7.9 billion. 

On the positive side, ethereum developers introduced a new road map that involves seven hard fork upgrades by 2029 and several north stars, one of which aims to make ethereum a “post quantum” layer 1 network.

Yaël Bizouati-Kennedy
7h
Bitcoin’s brief bounce doesn’t signal the bottom, analysts warn

With only two days to go in February, the asset is on track to notch its fifth straight month of losses.

Bitcoin ice carving
Yaël Bizouati-Kennedy
2/25/26
Bitcoin gets a positive bounce following State of the Union

“This has been a silver lining, given the tumultuous time crypto markets have had over the past months and weeks, but it does not call for celebration just yet,” one expert warned.

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crypto
Sage D. Young

Crypto industry sees relief bounce in midst of winter

Crypto assets and crypto-adjacent companies are catching a bid and rebounding off recent lows, with stablecoin issuer Circle soaring after reporting strong earnings before the bell. The company beat on revenue and reported that USDC in circulation has grown to $75.3 billion, up 72% year over year.

The total market capitalization of all cryptocurrencies has increased 4.5% in the last 24 hours, and both tokens and companies close to crypto are enjoying a boost:

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)

Despite the relief bounce, some are still uneasy. “The whole market still seems very heavy to me,” Glenn Rosenberg, managing partner at Persistent Trading, told Sherwood News. “Jokingly, BTC feels like it’s now 100% correlated to any asset or news that’s negative! I think we test 60,000 — that’s a big long-term channel and could push lower from there,” he said. “The whole [space] looks risky right now.”

Sage D. Young
2/24/26
Ethereum nears key levels as macro repricing weighs on crypto industry

Around $315.6 million worth of leveraged long positions would be liquidated on Hyperliquid if the price of ethereum dropped to $1,350.

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