The post Crypto News Today (Feb 17th, 2025): Bitcoin Price Trades Narrow | Solana Price to Test Key Support appeared first on Coinpedia Fintech News
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
Solana has faced a sharp decline, nearing its crucial $181 support. Market volatility and sell-offs have contributed to this downturn.
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.
FTX will start repaying claims under $50k on February 18, 2025, using BitGo and Kraken as facilitators.
