BTC traders are staying cautious | Mudrex Weekly Digest 🟣

Your weekly crypto digest is here: market shifts explained, top news unpacked, and one coin spotlighted for your radar. 

Crypto markets are navigating a volatile “consolidation year”, with major coins currently under pressure due to macroeconomic uncertainty and shifting regulatory landscapes.

📊 Market Summary

BTC tumbled below the $65,000 support level, sliding to levels not seen since early February. Since then, it has recovered to $66,000 levels. Major altcoins like Solana (SOL) and Bitcoin Cash (BCH) have also taken significant hits, with SOL dropping over 8% in recent sessions.

📰 Top News of the Week

Bitcoin fell below $65,000 on Monday (Feb 23), and the broader crypto market also moved down as investors became more cautious. 

Most reports linked the drop to a risk-off mood in markets, with macro uncertainty making traders pull back from riskier assets like crypto.

At the same time, market data and commentary suggested extra selling pressure inside crypto too, including selling from large holders and recent buyers booking losses. 

This means the fall was not only because of headlines, but also because the market was already looking weak.

The big question now is whether Bitcoin can move back above the mid-$60K levels and stay there. Until that happens, traders will likely remain careful and watch whether selling pressure starts to slow before expecting a stronger recovery.

⭐ Coin of the Week: Ripple (XRP)

Ripple’s RWA ecosystem continues to show strong progress, even while XRP’s price remains under pressure. There’s a rise in tokenized asset activity on XRPL and growing institutional momentum, a sign that the ecosystem narrative is strengthening.

What makes this setup interesting is the gap between improving fundamentals/news flow and mixed short-term price action. XRP could be worth exploring this week, as traders watch whether stronger ecosystem traction can eventually translate into price momentum. As always, DYOR.

🔎 Key Events to Watch

Fed speeches (Mon–Wed) — tone from officials like Waller, Cook, Goolsbee, Bostic, etc. could quickly shift rate-cut expectations and swing BTC intraday.

Consumer Confidence (Conference Board) — a stronger print supports a “no-landing” narrative (firmer USD, potential BTC headwind), while a weak print boosts cut odds (potential BTC tailwind).

Initial Jobless Claims — a very low number signals labor strength and can delay cuts (pressure BTC), while a jump raises easing expectations (supportive for BTC).

PPI inflation — hotter PPI can revive inflation fears (stronger USD, weaker BTC), while cooler PPI supports the disinflation/cuts narrative (potential BTC relief rally).