Bitcoin Price USD Drops to $66,400 as BTC and XRP Face Key Support Tests on TradingView
Bitcoin price USD is trading at approximately $66,400 on Monday, March 2, 2026, down more than 2.7% in the past 24 hours and off 28% from its February monthly open. BTC has shed roughly 47% from its all-time high of $126,272 reached on October 6, 2025, and the $60,000 level is now the line the market is watching most closely for any sign of deeper capitulation.
The move lower arrives as spot Bitcoin ETF inflows turned positive over a three-session streak last week, drawing close to $254 million in net inflows, yet selling pressure has continued to override those demand signals in early March trading.
BTC Price Today on TradingView Charts Shows $60K as the Line in the Sand
On TradingView, the 4-hour BTC/USD chart shows price trading below the 100-day EMA and well beneath the 200-day EMA, which sits near $72,600. The 14-day RSI reads 42, firmly in neutral territory but below the 50 midline, indicating that momentum has stalled without reaching oversold conditions that typically precede sharp reversals.
Analysts watching the chart have identified the $60,033 low from late February as the critical floor. That figure marked Bitcoin's weakest print since October 2024 and erased all post-election gains that followed Donald Trump's November 2024 victory. A daily close beneath $60,000 would open the path toward the high $40,000s, a scenario Standard Chartered's digital asset research desk flagged in a recent note to clients.
The week's structure favors range-bound action between $62,700 and $70,000 unless a macro catalyst forces a decisive break. Average market depth has contracted significantly since October 2025, which raises the risk of outsized moves in either direction on thinner-than-normal order books.
XRP Rebounds to $1.39 After Five Consecutive Red Months
XRP is trading at $1.39 as of Monday ET, up 4.69% in the past 24 hours, after briefly dipping to $1.29 over the weekend. The token enters March having posted five straight losing months from a peak near $3.84, its all-time high set in January 2018. XRP spot ETFs recorded approximately $2.21 million in net inflows through the final days of February, pushing cumulative holdings to roughly $983 million since November 2025.
Seasonality data going back 12 years shows March has historically delivered an average 18% return for XRP, making it statistically the strongest month in the first quarter. However, the token sits below both its 50-day SMA at $1.67 and 200-day SMA at $2.25, which means any sustained move higher would require reclaiming those averages before the bullish thesis gains structural backing.
