Crypto Crash Today – Feb 26th : Ripple News, Bitcoin Price, SBF Crypto, Trump UN Resolution

Ethereum’s Pectra upgrade went live on the Holesky testnet at 21:55 UTC but failed to finalize as expected. Developers are investigating the delay on Discord, echoing a similar issue from the Dencun upgrade on Goerli last January. Pectra bundles 11 key EIPs—including EIP-7702 and EIP-7251—to enhance wallet functionality and staking. The next test is set for Sepolia, with mainnet activation pending.

Crypto majors slid up to 14% over the past 24 hours as a prolonged sell-off extended into Tuesday amid a lack of catalysts and growing macroeconomic concerns. Bitcoin fell below $92,000 for the first time since November, while SOL, DOGE, XRP, and ETH also saw significant losses. Despite bearish sentiment, some traders expect recovery if economic conditions improve and the Fed adjusts its policy stance.

El Salvador resumed Bitcoin purchases following a rare seven-day pause from February 18 to 24, 2025—one of its longest interruptions. The country acquired an additional 7 BTC, raising its total holdings to 6,088 BTC valued at about $562.9 million. This move demonstrates continued government confidence in digital assets amid intermittent buying halts, as El Salvador diversifies its portfolio and reinforces its commitment to cryptocurrency as a strategic economic asset overall.

Chainflip has announced its decision to block the illegal movement of funds linked to the Bybit hack. The protocol team, community, liquidity providers, primary interfaces, and validator providers were consulted before this move. Most of the necessary code has been written and is undergoing testing. The upgraded version is expected to be deployed within the next 24 to 72 hours, reinforcing the platform’s commitment to secure operations for improved trust.

Bitcoin fell to a multi-week low, triggering $950 million in liquidations after President Trump announced a return to 25% tariffs on over $900 billion in Canadian and Mexican imports, raising inflation fears. The announcement sent Bitcoin below $95,000, Ethereum to $2,500, and dragged altcoins into losses. Meanwhile, proposals for Bitcoin reserve bills failed in Montana, North Dakota, Wyoming, and South Dakota, stalling state efforts to invest public funds in crypto.