News View Non-AMP

Crypto News Today (Feb 17th, 2025): Bitcoin Price Trades Narrow | Solana Price to Test Key Support

Published by
Shrishesh Tanksalkar

The crypto market today is witnessing a notable fall, with the market capitalization slipping by 1.32% to $3.19 trillion. Amidst this drop in numbers, the 24-hour volume remains at $61.3 billion, down 2.83%. The reddish numbers have influenced the Fear & Greed Index going down to “38” indicating “Fear” in the market.

Bitcoin Price Trades Narrow at $96k?

Bitcoin has been trading within a tight range, with a price dip of 1.32% since yesterday. Its market cap stands at $1.90 trillion, with trading volumes taking a notable surge of 17.25%. While BTC remains under pressure on the daily chart, long-term accumulation trends persist, fueled by growing institutional interest. Successively, Japanese investment firm Metaplanet has announced plans to expand its Bitcoin holdings from the current count of 1,762 BTC to a target of 10,000 BTC by the end of 2025.

Curious about BTC’s year-end price target? Read our Bitcoin (BTC) Price Prediction 2025, 2026-2030 for insights!

Solana Moves Closer to Critical Support

Ethereum followed Bitcoin’s suit, falling by 1.40% to $2,660.60, while XRP faced a steeper drop of 3.55%. Meanwhile, Solana took the major hit, slipping 6.18% in the last 24 hours. SOL price is now close to testing its crucial support at $181, a price point that could determine its next move. 

Keen on stacking some SOL during the dip? Check our Solana (SOL) Price Prediction 2025, 2026-2030 for potential targets!

FTX to Commence Repayments

In a major development in the crypto space is the scheduled repayment of FTX claims under $50K. The payments, through BitGo and Kraken, are set for February 18. This move is expected to restore confidence among creditors and could influence market sentiment in the coming days.

Top Gainers:

  • Sonic: +4.56% | $0.5442
  • PancakeSwap: +4.21% | $2.75
  • Cardano: +3.48% | $0.8099

Top Losers:

  • Jupiter: -11.33% | $0.8368
  • VIRTUAL: -8.69% | $1.20
  • Litecoin: -7.86% | $125.38

FAQs

1. Why is Solana dropping?

Solana has faced a sharp decline, nearing its crucial $181 support. Market volatility and sell-offs have contributed to this downturn.

2. What is Metaplanet’s Bitcoin strategy?

Metaplanet has raised $26.1 million and aims to accumulate 10,000 BTC by the end of 2025, reinforcing its long-term bullish outlook on Bitcoin.

3. When will FTX begin creditor repayments?

FTX will start repaying claims under $50k on February 18, 2025, using BitGo and Kraken as facilitators.

Shrishesh Tanksalkar

Recent Posts

Apple, Facebook, Google, and Microsoft to Drive Crypto Boom, Says Cardano Founder

Charles Hoskinson, founder of Cardano (ADA), has shared his positive outlook on the future of…

April 1, 2025

Ethereum Price Prediction 2025, 2026 – 2030: Will ETH Price Hit $5k in 2025?

Story Highlights The Ethereum price today is . ETH price with a potential surge could…

April 1, 2025

Bitcoin Price Prediction 2025, 2026 – 2030: Is $100k Arriving Anytime Soon?

Story Highlights The Bitcoin price today is . The BTC price could hit a maximum…

April 1, 2025

Bitcoin Price Faces Uncertainty: Will the 2025 Rally Continue or End Below $60K?

Bitcoin (BTC) price closed March in an indecisive manner, as short-term holders conflicted with long-term…

April 1, 2025

Trump’s Tariff Liberation Day Could Push Bitcoin To $100k, Here’s How

April is here, and the crypto market is starting to show signs of a potential…

April 1, 2025

zkLend Hacker Loses Stolen Ether to Phishing Scheme

The hacker behind the $9.6 million exploit of the decentralized lending platform zkLend in February…

April 1, 2025