On February 17, 2025, cryptocurrency markets fell by 1.32% in capitalization to $3.19 trillion. Bitcoin trades narrowly at $96,000, while Solana nears critical support at $181. FTX is poised to repay claims under $50K on February 18, 2025. Institutional investment, notably from Metaplanet, signals continued bullish potential for Bitcoin.

On February 17, 2025, the cryptocurrency market is experiencing a downturn, with a 1.32% drop in total market capitalization, bringing it to $3.19 trillion. The 24-hour trading volume also declined by 2.83% to $61.3 billion, contributing to a shift in the Fear & Greed Index, which currently indicates a state of “Fear” at 38.

Bitcoin is trading within a restricted range at approximately $96,000, witnessing a decrease of 1.32%. Its market capitalization has reached $1.90 trillion, with trading volumes in a notable increase of 17.25%. Long-term bullish trends are supported by institutional interest, as evidenced by Japanese investment firm Metaplanet’s announcement to escalate its Bitcoin holdings from 1,762 BTC to a planned 10,000 BTC by 2025.

Solana has faced a significant decline, dropping 6.18% with its price now near a critical support level of $181. This fluctuating price point may influence the future direction of Solana’s market position. Both Ethereum and XRP also experienced declines of 1.40% and 3.55% respectively, reflecting the overall bearish trend in the market.

In notable news, FTX is set to initiate the repayment of claims under $50,000 on February 18, 2025, using BitGo and Kraken as payment facilitators. This initiative is anticipated to enhance confidence among creditors and could have a positive impact on market sentiment moving forward.

The top gainers of the day include Sonic (+4.56% at $0.5442), PancakeSwap (+4.21% at $2.75), and Cardano (+3.48% at $0.8099). Conversely, the top losers are Jupiter (-11.33% at $0.8368), VIRTUAL (-8.69% at $1.20), and Litecoin (-7.86% at $125.38).

In conclusion, the cryptocurrency market is witnessing overall losses as Bitcoin narrows its trade range, Solana nears a critical support level, and FTX prepares to repay creditors. Institutional interest remains a positive indicator, particularly regarding Bitcoin’s potential for growth. Monitoring these trends is essential for gauging the near-term market direction and investor sentiment.

Original Source: coinpedia.org

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