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Crypto News Today (Feb 13th, 2025): Bitcoin Price Rises to $97k | ETF News Pushes XRP Price!

Published by
Shrishesh Tanksalkar

The cryptocurrency business has resumed its trade today on a positive note, despite the latest CPI numbers being a pain point. Talking about numbers, the total market cap has shot up by 3.10% in the past 24 hours to $3.22 trillion. The trading volume has risen by 22.27% to $129.29 billion, suggesting growing interest among market players. In the meantime, the Fear & Greed Index has now risen to a neutral score of 40. 

Bitcoin’s Welcomes Growing Institutional Demand

Bitcoin has held its bullish stance, climbing 1.46% to $96,895.63 in the last 24 hours. With a market cap of $1.92 trillion and a dominance of 59.81%, BTC continues to cement its position as the leading cryptocurrency. A notable development is the declining Bitcoin exchange reserves, which have fallen to 2.5 million. Analysts attribute this to the massive demand from Bitcoin ETFs, which are accumulating BTC supply at a rate 20 times faster than its mining. 

Curious about Bitcoin’s next ATH? Read our Bitcoin Price Prediction 2025, 2026-2030 NOW!

Ethereum Outperforms While Solana Lags

Ethereum has seen a remarkable 4.33% price spike, with its trading volume surging 33.31% to $26.64 billion. On the other hand, Solana has remained relatively stagnant, posting a minor 0.09% loss.

For a glimpse into Ethereum’s future, read our Ethereum Price Prediction 2025, 2026-2030!

XRP has gained 2.54% amid speculation that the SEC may soon acknowledge Grayscale’s 19b-4 filing for an XRP ETF. If approved, this could significantly boost XRP’s market valuation, leading to increased investor involvement.

Top Gainers and Losers

Top Gainers:

  • CAKE: $3.02 +57.82%
  • Sonic: $0.548 +16.87%
  • JTO: $3.04 +14.58%

Top Losers:

  • BGB: $5.80 -8.07%
  • OM: $5.73 -3.24%
  • FTT: $2.03 -2.78%

Subscribe to stay updated, as the crypto market continues to evolve every day.

FAQs

1. Why is Bitcoin’s exchange reserve declining?

Bitcoin’s exchange reserves have fallen to 2.5 million, possibly due to high ETF demand, accumulating BTC at a rate 20 times faster than its mining.

2. How much is Bitcoin price today?

Bitcoin price currently is at $96,895.63, with a 24-hour change of 1.46%.

3. What is the significance of the SEC’s potential acknowledgment of the XRP ETF filing?

If the SEC acknowledges Grayscale’s XRP ETF filing, it could pave the way for broader institutional investment, potentially driving up XRP’s value.

Shrishesh Tanksalkar

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