Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Stellar, TRON, Binance Coin, Bitcoin SV: Price Analysis, February 27

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Market data is provided by the HitBTC exchange.

Binance CEO Changpeng Zhao said that investors lapped up the Fetch.AI (FET) token on Feb. 25 in a record time of 22 seconds. This is a bullish sign. It shows that the investor appetite for initial coin offerings (ICOs) is returning.

Though the crypto space has been in a crushing bear market for more than a year, it has not stopped leading banks and stock market exchanges from launching new crypto services. Swiss bank Julius Baer, having about $381.6 billion in assets under management, plans to launch crypto asset services for its clients.

In a survey by KPMG, 48 percent of C-level executives believe that blockchain will change the way they do business in the next three years and 41 percent of participants said they are likely to use the technology. A number of such surveys have shown a growing interest in the blockchain technology by various industries.

However, these changes have still not been able to gain a stamp of approval from legendary investor Warren Buffet. In a recent interview with CNBC, he said that Bitcoin was “a delusion, basically.”

BTC/USD

Bitcoin (BTC) has been struggling to rebound from the 20-day EMA for the past two days. This shows nervousness among buyers. A failure to move up will attract liquidation of long positions by the bulls and initiation of short positions by the bears. A breakdown below the downtrend line and the 50-day SMA can result in a drop to the critical support zone of $3,355– $3,236.09. If the digital currency drops to a new yearly low, the downtrend will resume. Therefore, traders can keep the stops on their