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Bitcoin Price Extends Drop Below $68K as Traders Watch Fed Signals

Catenaa, Saturday, February 28, 2026-Bitcoin slipped below $68,000 on mid last week as traders eyed upcoming U.S. economic data and Federal Reserve commentary, contributing to broader weakness across major digital assets. R

ecent price action showed BTC down about 1.3% while altcoins lagged, with cautious sentiment taking hold ahead of key macro releases

Analysts said the Federal Reserve’s latest minutes hinted at potential rate hikes, keeping risk assets on edge and dampening crypto appetite. Ether and other large tokens also retreated, reflecting a risk‑off tone across global markets.

The downward momentum came despite some pockets of stability among lower‑cap digital assets, with traders evaluating whether macro catalysts could trigger renewed interest or further consolidation.

Investors continue to monitor economic data and central bank signals for clues on liquidity conditions that historically influence crypto market direction. Elevated volatility metrics suggest traders remain cautious as price tests key technical levels below recent support.

Market participants cautioned that short‑term price swings may persist until clearer signals emerge from broader financial markets, especially inflation data and employment figures tied to the Fed’s policy outlook.