The crypto market extended its pullback on February 27. Bitcoin slipped to $67,281.77, down 1.6% in 24 hours, while Ethereum dropped 2% to $2,018.83. Total market cap fell to $2.38 trillion, with $110 billion in trading volume. The Fear & Greed Index remained at 13 — firmly in Extreme Fear territory.
BTC Below $67K, ETH Tests $2K Support
Bitcoin's market cap now stands at $1.34 trillion, with $40.9 billion traded in the past day. Ethereum's market cap is $243 billion, with $22.2 billion in volume. BTC dominance hit 56.1%, while ETH dominance sits at 10.1%.
Movers: PIPPKIN Surges 46%, AAVE Falls 4%
Top gainers: PIPPKIN ($0.004085, +46.81%), Decred ($34.69, +19.72%), and STABLE ($0.03826, +18.28%). Biggest losers: KITE ($0.2489, -13.61%), Chiliz ($0.03253, -7.37%), and Pump.fun ($0.001783, -6.67%). BNB edged down 0.7% to $625.61, while AAVE dropped 4.24% to $114.45.
Morgan Stanley to Build In-House Bitcoin Custody and Lending
At the Bitcoin for Corporations conference in Las Vegas, Morgan Stanley's Amy Oldenburg revealed plans to create proprietary bitcoin custody trading and add yield lending through E*Trade. The move signals deeper institutional entry into crypto.
Telegram Wallet Launches On-Chain Yield Vaults
Telegram Wallet, via TON Wallet, now offers yield vaults for Bitcoin, Ethereum, and USDT. Protocols like Morpho, TAC, and Re7 provide strategies generating returns. Users can participate directly within the Telegram app.
LinkedIn Founder Holds ~6.1M ETH, Bought CryptoPunk Last Year
Reid Hoffman's wallet appears to hold approximately 6.1 million ETH (worth over $12 billion). He also purchased a CryptoPunk for 150 ETH last year, underscoring his long-term bet on Ethereum.
Upbit to Delist Dent by March 30; 1.12B PUMP Tokens Moved
South Korea's largest exchange, Upbit, will end Dent trading on March 30 at 14:00 KST, citing unresolved alert issues. Separately, about 1.12 billion PUMP tokens were transferred from the project's treasury wallet to Kraken, with locked distributions carrying vesting limits.
Indiana Passes Crypto Bill HB 1042
The Indiana legislature cleared HB 1042, which mandates retirement plans to offer a crypto option and protects self-custody rights. The bill now awaits Governor Mike Braun's signature.
Day-on-Day: From Recovery to Retreat
On Feb 26, the market had rebounded to $2.44T (+3.9%) with $140.6B in volume. Feb 27 reversed those gains, with market cap falling 1.6% and volume shrinking to $110B. BTC dropped from ~$68.3K to ~$67.2K, ETH from $2,056 to $2,018. The Fear Index edged up from 11 to 13, but extreme fear persists.