BTC Rally Stalls as U.S. Stock Market Crashes, Altcoins Struggle

The crypto market is experiencing turbulence following a sharp downturn in U.S. equities, which broke key support levels. February’s economic data has heightened concerns about the U.S. economy, leading to increased risk-off sentiment across both traditional and digital asset markets.

Market Trends & Highlights:

AI Sector Gains: #VANA_COIN and #KAITO outperformed the market (BingX). VANA, a big data blockchain, secured investment from former Binance Labs, with CZ serving as an advisor. Meanwhile, KAITO, an AI-powered search platform, saw a price surge due to a short squeeze.

$ETH Faces Sell Pressure: Bybit replenished stolen ETH from a recent hack, but weak demand and continued sell-offs from attackers have kept ETH under pressure.

Layer-2 Movement: METIS saw gains after Vitalik Buterin’s mother released an open letter supporting the community.

SOL’s Struggles: $SOL experienced significant losses, dragging down DEX token RAY. The meme coin market, which once dominated SOL’s transaction volume, has seen a 99% decline. Pump.Fun, which previously fueled SOL’s meme craze, is now competing with RAY for market share.

BSC Outflows: BSC’s TST token saw a sharp decline, as Binance Smart Chain recorded a net outflow of $600 million over the past week. The impact of CZ’s endorsements appears to be diminishing.

Despite broader market weakness, select projects continue to gain traction. Recent listings, including AI and Layer-2 tokens, have shown resilience in volatile conditions.