Bitcoin (BTC) has hovered around $64,500 this week as geopolitical tensions continue to unsettle global markets. With the United States reportedly ramping up military equipment shipments in anticipation of a potential Iranian offensive, the uncertainty is echoing across risk assets—including cryptocurrencies. Bitcoin’s extended slump has dragged fellow digital assets Solana (SOL) and Ripple (XRP) even lower, leaving investors wondering what targets these major coins can realistically hit by the end of February.
Bitcoin Holds Steady But Downside Risks Loom Large
After closing below the $66,000 mark, Bitcoin lost crucial support at $63,000 and now sets its sights on the psychologically important $60,000 threshold. Should the current wave of selling persist against a backdrop of escalating geopolitical tensions, a drop below $60,000 appears increasingly likely. For now, however, negative sentiment across exchanges seems to be moderating. Tech stocks, previously hammered by fears of artificial intelligence disruption, have stabilized, and today’s stronger-than-expected consumer confidence data has provided some relief to risk-oriented markets.
A market analyst known as Tony highlighted in a recent liquidity heatmap that most sell orders are concentrated above current prices. This could set the stage for a short-lived bounce as short positions are liquidated, though he cautions that overall momentum remains decisively bearish.
Commenting on the sustained weakness, Mister Crypto, another notable voice in the space, reminded the community that Bitcoin is on track to log its fifth consecutive red month. Such a losing streak is rarely seen; the last time it occurred was in 2018, when the declines extended into a sixth month. With this historical context in mind, Mister Crypto suggested that traders should exercise caution heading into March.
Solana and Ripple Struggle as Bears Retake Control
While Ripple (XRP) and Solana (SOL) continue to see long-term institutional interest through ETPs and ETFs, the picture on spot markets remains murky. Solana dropped below the key $80 mark; if support at $78 fails to hold, the coin risks a descent toward $67—its next significant support area. For any sustainable recovery, SOL must reclaim $82. Only then could a push back toward the $88–$97 range become feasible.
Ripple, meanwhile, has been actively pursuing strategic alliances aimed at strengthening its core XRPL infrastructure and improving its long-term outlook. Aggressive acquisitions planned for 2025 offer reasons for optimism, but for now, broader market caution and retail withdrawal have left XRP struggling to maintain its spot price.
XRP is currently testing major support, and a decisive move below $1.35 could bring targets of $1.22—and possibly even sub-$1.00 levels—into play. With selling pressure mounting and sentiment fragile, the next few sessions will be pivotal for both SOL and XRP. Crypto investors are urged to brace for volatility as broader economic and political forces continue to drive market direction.
