Why did Bitcoin drop today?

The pullback followed a hotter U.S. producer inflation reading that lifted Treasury yields and the dollar, pressuring risk assets. Growth stocks softened, and crypto often moves with that risk tone. Weekend liquidity and leverage unwind deepened the slide as stops hit and funding normalized. Despite positive spot ETF inflows this week, macro forces led. Traders now focus on whether price can stabilize above clustered supports near 61,000 to 63,000.

What key levels should U.S. traders watch?

Immediate support sits around 63,000, with deeper support near 61,000 and psychological backing at 60,000. Resistance appears near 68,500, then 70,000. Bollinger bands place the middle band close to 68,452 and the lower band near 61,045. A daily close back over the middle band would signal improving balance. Failing that, a clean hold above 61,000 with rising volume would help confirm a tradable base.

How do spot Bitcoin ETF inflows affect price?

Positive inflows create steady underlying demand, which can cushion dips by absorbing supply from traders de-risking. However, on days with strong macro shocks, ETFs may offset selling but not reverse trend. Sustained creations tend to support medium-term structure by anchoring spot demand. For confirmation, watch creation baskets, premiums or discounts, and whether volumes rise alongside net inflows during recoveries.

Is now a good time to buy Bitcoin?

That depends on your time horizon and risk budget. Short-term, price looks range-bound with support in the low-$60,000s and resistance near $70,000, so staged entries and strict stops make sense. Medium-term investors might prefer gradual dollar-cost averaging to reduce timing risk. Ensure total crypto exposure fits your plan, consider tax and ETF structures in the U.S., and avoid leverage if volatility remains elevated.

Global Market Insights

BTCUSD Today: February 28 Selloff Sends Bitcoin Back to $65K Range

ByHuzaifa Zahoor March 1, 2026March 1, 2026

The bitcoin price usd slipped back to the mid-$65,000s on February 28 as risk appetite cooled across assets. BTCUSD hovered near $65,700 after an early drop, while altcoins fell more. A hotter U.S. PPI pushed yields higher and weighed on growth stocks, amplifying pressure on crypto. Weekend liquidity and leverage resets likely worsened moves. Even with firm spot Bitcoin ETF inflows this week, macro headlines steered price action. U.S. traders now watch whether the $60,000 to $70,000 bracket holds into March and how quickly volatility normalizes.