The cryptocurrency market has experienced a decline, causing a loss of $40 billion in its total market cap. Bitcoin and Ethereum have been struggling to gain momentum amidst this decline. One of the reasons for the market's decline is the outflow from Bitcoin and Ethereum ETFs, with Bitcoin ETFs witnessing $1.14 billion in outflows in two weeks and Ethereum ETFs seeing $85 million in outflows. Major crypto hacks, such as the Bybit hack, have also contributed to the selling pressure in the market. Additionally, concerns over trade tariffs, inflation, and changes in monetary policy have led to outflows from Bitcoin ETFs. Bitcoin's price needs to close above $102,500 to avoid marking only the third negative February in its history. Ethereum is currently priced at around $2,706 and is struggling to maintain its momentum, facing competition from other platforms like Solana and Cardano. Despite being down 17%, some experts believe Ethereum could still see strong growth by the end of the quarter.



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