Bitcoin sinks even lower while Meta wants its own stablecoin again

Bitcoin is dropping ever deeper into the danger zone, and the chance of a February closing below $60,000 is increasing. Meanwhile, we’re hearing rumors that Meta (formerly Facebook) is considering launching its own stablecoin again. This is noteworthy, as Facebook (which has 2 billion users) has tried this before, only to be rebuffed by the banks.

$60,000

Analysts believe the likelihood of Bitcoin closing the month below $60,000 is increasing. This would represent a drop of more than 50% since the early October ATH and likely trigger renewed panic in the crypto world. However, the fact that the decline is slowing and more and more buyers is appearing at this level is, of course, also a positive sign.

This is where $BTC cycle bottom could happen.

When monthly RSI drops below 38, Bitcoin will most likely form a bottom. pic.twitter.com/Jc9wFDY63v

— Ted (@TedPillows) February 24, 2026

Stripe

Meta, Mark Zuckerberg’s company, is apparently looking for a crypto company to launch a stablecoin with (Stripe is being rumored as their preferred partner). This is quite remarkable, as Meta already attempted this in 2019 with a coin called Libra. Those plans faced significant resistance from Wall Street banks, and Zuckerberg shut down the entire project in 2022.

JUST IN: Meta plans to begin stablecoin integration in the second half of this year. $USDC pic.twitter.com/D6q3DDwzeU

— PRIME 𝕏 (@primenews_en) February 24, 2026

With Donald Trump in the White House, Zuckerberg is apparently hoping for a more positive reception for his plans this time around.