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Crypto Pulse Daily:Bitwise CIO Says Bitcoin Selloff Is a ‘Classic Cycle,’ Rejects Manipulation Claims

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CoinGape Newsletter
February 27, 2026

Senator Elizabeth Warren is challenging World Liberty Financial, a crypto company tied to President Donald Trump, over its attempt to secure a national bank charter. The senator is urging regulators to block or delay its application, accusing the firm of operating under troubling ethical questions tied to Trump’s unresolved financial conflicts.

Bitcoin’s latest decline has reignited claims of market manipulation, with many pointing fingers at major firms like Jane Street. But Bitwise’s Matt Hougan posits that the reality is less dramatic, asserting that the Bitcoin selloff reflects the “classic cycle.

Ethereum and Solana prices held steady on Thursday, continuing a recovery that started on Wednesday. ETH rose to $2,050, while SOL jumped to $87. This recovery may continue as traders focus on the upcoming Clarity Act stablecoin deadline on March 1.

Pi Network Price hovered at $0.169 on Thursday after a 5% surge ahead of the protocol upgrades deadline on March 1. The Pi coin remained steady above the $0.16 level as sentiment improved across major cryptocurrencies. 

Buy interest is slowly coming back, and bulls are trying to drive Pi coin price up to the $0.20 mark. The recent surge is after a few weeks of correction, which burdened performance across the wider digital asset market.