Bitcoin fell below $64,000 after reports of Israeli strikes on Iran coincided with sharp liquidations in leveraged crypto positions. The price dropped to around $64,027.54, with over $100 million in long positions reportedly cleared in minutes as key support near $65,000 failed. Traders are now watching whether Bitcoin can reclaim the prior breakdown zone after recent geopolitical headlines and rising volatility.

The U.S. Bureau of Labor Statistics reported the Producer Price Index for final demand increased 0.5% in January 2026, lifting the unadjusted annual rate to 2.9%. Services rose 0.8% while goods slipped 0.3% on weaker energy. Bitcoin traded at $66,115.41, down 2.95% in 24 hours, as one-year inflation expectations registered 3.4% in February.

Vitalik Buterin has reduced his ETH holdings by 17,196 tokens since early February, taking total sales to nearly $35 million and exceeding a previously stated 16,384-ETH allocation. Ethereum rose almost 9% to $2,066 over 24 hours, while U.S. spot ETH ETFs posted $157.08 million in net inflows led by Fidelity ($61.94 million) and Grayscale's ETHE ($33.87 million).

Bitmine Immersion Technologies said that as of Feb. 22, 2026, its combined crypto and cash assets totaled $9.6 billion. The company now holds 4,422,659 ETH after buying 51,162 tokens in the past week, with 3,040,483 ETH staked and current annualized staking revenues of $171 million.

Michael Saylor hinted at another Bitcoin purchase by posting the firm's accumulation chart on X with the caption "The Orange Century" as BTC traded below $68,000. On February 17, Strategy bought 2,486 BTC for $168.4 million at $67,710, bringing holdings to 717,131 BTC acquired for $54.52 billion, with a $76,027 average and about $5.8 billion unrealized decline.

This week's market roundup highlights Base's plan to detach key components from the OP Stack while doubling its annual upgrade schedule, alongside ether.fi moving its Cash card product to OP Mainnet. Moonwell suffered a $1.78 million exploit tied to AI-generated Solidity code, and Jupiter DAO is voting on whether to cancel its planned 2026 JUP airdrop. Additional developments include protocol fee changes, strong revenue figures, and wind-downs at several DeFi projects.

Binance launched a USD1 rewards initiative distributing 235 million WLFI tokens over four weekly airdrops between February 20, 2026 and March 20, 2026. Eligible users holding USD1 across Spot, Funding, Margin, or USDⓈ-M Futures accounts can earn weekly allocations, with Margin and Futures collateral balances receiving a 1.2x multiplier and a 0.01 USD1 minimum balance required.

The White House has reportedly set a March 1 target to finalize negotiations on a U.S. crypto market structure bill known as the Clarity Act, aiming to move the proposal forward by the end of the month. A draft discussed with major crypto firms and banking associations would prohibit yield on idle stablecoin balances, empower the SEC, Treasury, and CFTC to enforce the rules with penalties up to $500,000 per violation per day, and keep a bank-requested deposit outflow study on the table.

Wells Fargo analysts estimate that up to $150 billion in U.S. tax refunds during the 2026 filing season could boost liquidity and support renewed risk-taking in assets like Bitcoin. Over the past four weeks, domestic liquidity reportedly dropped by about $105 billion as Bitcoin fell roughly 28%, but projections point to peak refund-driven cash flows around early April, aligning with historical patterns of stronger retail trading.