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Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA: BTC)

最新ニュース Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

Community Bankers Trust Corporation.

AMEX

Grayscale Bitcoin Mini Trust (BTC) is solely and passively invested in Bitcoin. Its investment objective is to reflect the value of Bitcoin held by the Trust, less expenses and other liabilities.

Grayscale Bitcoin Mini Trust

Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest

Bitcoin - United States Dollar

Bitcoin 2

BACTOLAC PHARM INC by Bactolac Pharmaceutical, Inc.

Bitcoin BEP2

BTCDOWN - United States Dollar

NEOS ETF Trust NEOS Bitcoin High Income ETF

T-Rex 2X Long Bitcoin Daily Target ETF

BIT Mining Ltd

Invesco Galaxy Bitcoin ETF Common Shares of Beneficial Interest

Bitcoin Private

BTCpy - United States Dollar

BTCS Inc

Bitcoin Standard Hashrate Token

BTC Digital Ltd

Bitcoin - TrueUSD

BTCUP - United States Dollar

WisdomTree Bitcoin Fund Common Shares of Beneficial Interest

Bluesky Digital Assets Corp

BLUESKY DIGITAL ASSET CRP by Bluesky Digital Assets Corp.

Biotricity Inc

BitcoinZ

Kash Patel, the newly confirmed Federal Bureau of Investigation director, has significant exposure to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), according to a financial disclosure.
What happened: Patel reported holding between $50,001 and $100,000 in the Grayscale Bitcoin Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>) and up to $15,000 in its &#8220;spin-off,&#8221; the Grayscale Bitcoin Mini Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTC#NYSE">BTC</a>).
Additionally, he owned a stake worth between $50,001 and $100,000 in leading Bitcoin mining firm Core Scientific Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>).
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43826697/bitcoin-early-in-bull-market-can-compete-with-gold-etfs-blockstream-ceo-says">Bitcoin &#8216;Early In Bull Market,&#8217; Can Compete With Gold ETFs, Blockstream CEO Says</a>
Why It Matters: The disclosure was the latest evidence of the involvement of high-ranking officials of the Donald Trump administration in cryptocurrency.&nbsp;&nbsp;
Apart from the president, who holds a significant amount of Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42936887/trumps-treasury-pick-scott-bessent-reveals-up-to-500000-bitcoin-stake-via-blackrocks-etf">Treasury Secretary</a> Scott Bessent, Health Secretary Robert F. Kennedy Jr., and <a href="https://www.benzinga.com/general/market-summary/25/02/43809086/us-commerce-secretary-howard-lutnicks-cantor-fitzgerald-increases-bitcoin-exposure-via-etfs-mstr-mara-adds-chinese-firms-like-baba-baidu-jd-in-q4">Commerce Secretary</a> Howard Lutnick have invested in digital assets.
Patel, who was confirmed as FBI director by the Senate on Thursday, previously worked for Trump on the National Security Council in 2019. He also helped with the Pentagon transition effort from Trump to Biden.
Moreover, Patel <a href="https://www.benzinga.com/politics/24/12/42278429/trump-fbi-pick-kash-patels-wealth-has-grown-from-trump-media-board-position-consulting-deal-and-trump-themed-childrens-books">served as a director</a> on the board of Trump Media &amp; Technology Group, which was co-founded by Trump. In the disclosure, Patel said he would terminate the position before taking charge as the FBI director.
Price Action: At the time of writing, Bitcoin was exchanging hands at $98,300.91 up 1.16% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43825637/donald-trump-says-us-is-successfully-negotiating-with-russia-over-ukraine-but-polymarket-traders-arent-convinced">Donald Trump Says US Is &#8216;Successfully Negotiating With Russia&#8217; Over Ukraine, But Polymarket Traders Aren&#8217;t Convinced</a></li>
</ul>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$BTC

$ETH

Core Scientific, Inc. - Class A Common Stock

CORZ

GBTC

TSX:ETF

New FBI Director Kash Patel Holds Over $100,000 In Bitcoin ETFs, Has Significant Exposure To BTC Miner Core Scientific

Leading coins jogged while stocks sank on Thursday as the Securities and Exchange Commission scaled back cryptocurrency oversight.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+1.63%</td>
<td>$98,192.29</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.43%</td>
<td>$2,734.93</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.68%</td>
<td>$0.2536</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin rose above $98,000 for the first time in a week, clocking an intraday high of $98,767.19.&nbsp;
Ethereum, meanwhile, oscillated in the $2,700 zone, hitting a peak of $2,770.03 for the day.
The market reacted to the <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43857831/sec-scales-back-crypto-enforcement-expands-focus-to-cyber-fraud">SEC relaxing its enforcement approach</a>, replacing its cryptocurrency oversight unit with a smaller cyber fraud unit.
Cryptocurrency liquidations reached $249.79 million in the last 24 hours, with $171 in short positions getting wiped out.
Bitcoin's Open interest surged by 4.25%. Interestingly, the number of traders shorting the apex cryptocurrency was higher than those betting on its increase, according to the Long/Short ratio.
Meanwhile, the market sentiment flipped from "Neutral" to "Greed," according to the Crypto Fear &amp; Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Story (IP)</td>
<td>+82.66%</td>
<td>$5.07</td>
</tr>
<tr>
<td>Berachain (BERA)</td>
<td>+28.83%</td>
<td>$8.42</td>
</tr>
<tr>
<td>Sonic (S)</td>
<td>+24.65%</td>
<td>$0.8704</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.23 trillion, rising 1.49 % in the last 24 hours.
Stocks reversed from record highs on Thursday. The S&amp;P 500 slid 0.43% to close at 6,117.52. The Dow Jones Industrial Average lost 450.94 points, or 1.01%, to end at 44,176.65, while the tech-focused Nasdaq Composite dipped 0.47% to close at 19,962.36
The sell-offs <a href="https://in.benzinga.com/news/earnings/25/02/43869433/walmart-expects-slower-growth-in-an-uncertain-time-cfo-says-on-earnings-call">followed a grim fiscal 2026 forecast</a> by mega-retailer Walmart, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>). Shares of the company plunged 6.53%.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst and trader Rekt Capital observed a bullish divergence was playing out for Bitcoin
"And a daily close above ~$97,700 followed by a successful retest would see the bull div enable price trend continuation to the upside," the chartist added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> The Bullish Divergence is playing out And a Daily Close above ~$97700 followed by a successful retest would see the Bull Div enable price trend continuation to the upside<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/pgvTNpVROK">https://t.co/pgvTNpVROK</a> <a href="https://t.co/tM5RiGxksD">pic.twitter.com/tM5RiGxksD</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1892666116922589556?ref_src=twsrc%5Etfw">February 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Ali Martinez, another well-known market researcher, reiterated the prognosis.
He described $97,533 as a "key" resistance level for Bitcoin. "A sustained breakout above this level could signal further upside."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The most critical resistance level for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> is currently at $97,533! A sustained breakout above this level could signal further upside. <a href="https://t.co/Fh8qIUtvZJ">pic.twitter.com/Fh8qIUtvZJ</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1892515036066672879?ref_src=twsrc%5Etfw">February 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by CMP_NZ on Shutterstock
Read Next:    
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43861405/dave-portnoy-calls-for-a-crypto-cleanup-but-heres-what-could-make-that-tricky">Dave Portnoy Calls For A &#8216;Crypto Cleanup,&#8217; But Here&#8217;s What Could Make That Tricky</a></li>
</ul>

Movers

Trading Ideas

$DOGE

Bitcoin Breaches $98K, Ethereum, Dogecoin Flat As SEC Relaxes Crypto Enforcement: Top Analysts Are Focused On This Level For A Potential BTC Upside

Berkshire Hathaway Chairman Warren Buffett and Ark Invest CEO Cathie Wood are two of the most sought-after investors in the capital markets, with significant media attention centered on their stock picks.
They have different philosophies, with Buffett advocating for long-term investments, while Wood routinely <a href="https://in.benzinga.com/markets/equities/25/02/43613535/cathie-wood-dumps-16-million-worth-of-palantir-stock-after-record-highs">offloads and adds to her positions</a> based on the market's fluctuations.
That said, one particular stock has been on the radar of both seasoned investors.
What happened: Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), a <a href="https://www.benzinga.com/content/42035188/warren-buffett-cathie-wood-own-nu-holdings-should-you">Brazil-based fintech firm</a> that provides digital banking services in Latin America, has had a great start to 2025, gaining 30.12% year-to-date.
The lightweight, valued at over $64 billion, also has a cryptocurrency arm, Nubank Cripto, which allows users to send and receive coins, such as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), directly from their wallets.
Berkshire Hathaway holds 40.18 million shares of Nu Holdings, translating to a market value of $416.26 billion, according to the firm's latest 13F filing.
On the other hand, Ark Invest owns 2.086 million shares of the cryptocurrency-friendly bank, worth $21.61 million.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43772661/us-could-sell-its-gold-to-set-up-potential-bitcoin-reserve-says-bernstein-will-it-ignite-a-global-race-to-buy-btc">US Could Sell Its Gold To Set Up Potential Bitcoin Reserve, Says Bernstein: Will It Ignite A &#8216;Global Race&#8217; To Buy BTC?</a>
Interestingly, the Nu Holdings has returned more this year than the respective top holdings of the two companies.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is the <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43618900/apple-vs-ibit-bitcoin-etf-one-is-warren-buffetts-berkshire-hathaways-biggest-holding-the-other-gives-exposure-to-a-crypto-he-vehemently-dislikes-which-has-generated-better-yearly-returns">biggest stock</a> in Berkshire Hathaway&#8217;s portfolio, with a stake worth over $75 billion at the end of December. Year-to-date, shares of the tech giant have fallen 2.22%.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) was Ark Invest's top holding, valued at $1.327 billion. Shares of the electric vehicle giant have bled 10.72%.
Clearly, the under-the-radar stock has overwhelmingly beaten the two behemoths and justified its presence in the portfolios of the two legendary investors.&nbsp;
Price Action: Shares of Nu Holdings closed 0.44% lower at $13.48 during Wednesday&#8217;s regular session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Photo Courtesy: xm4thx on Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43773373/hackers-pose-as-saudi-crown-prince-mohammed-bin-salman-in-crypto-con-scam-coin-crashes-58">Hackers Pose As Saudi Crown Prince Mohammed Bin Salman In Crypto Con, Scam Coin Crashes 58%</a></li>
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AAPL

TSLA

Bitcoin-Friendly Bank Stock Held By Warren Buffett And Cathie Wood Has Crushed Their Top Holdings Apple And Tesla In 2025

Leading cryptocurrencies rose on Wednesday as President Donald Trump reiterated his intention to make the U.S. the "cryptocurrency capital."
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+1.58%</td>
<td>$96,689.24</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.13%</td>
<td>$2,716.15</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.90%</td>
<td>$0.2546</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin sailed above $96,900, while Ethereum reentered the $2,700 zone overnight, amid Trump's <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43836911/trump-reiterates-resolve-to-make-us-the-crypto-capital-critic-labels-idea-of-bitcoin-reser">positive remarks about the industry</a> at a Miami conference.&nbsp;
Bitcoin's dominance remained over 60%, while Ethereum cornered a 10% market share.
Cryptocurrency liquidations hit $132.69 million in the last 24 hours, as the rally erased over $75 million in bearish bets.
Interestingly, Bitcoin's Open interest fell 0.28%. A decline in Open Interest, coinciding with a price increase, indicated that shorts were covering their positions.
Bitcoin's Long/Short ratio rose above 1, indicating that the majority of the traders were placing upside bets on the leading cryptocurrency.
Market sentiment flipped from "Fear" to "Neutral," according to the Crypto Fear &amp; Greed Index, suggesting a potential increase in buying pressure.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Story (IP)</td>
<td>+37.22%</td>
<td>$2.76</td>
</tr>
<tr>
<td>Sonic (S)</td>
<td>+19.75%</td>
<td>$0.7112</td>
</tr>
<tr>
<td>Aptos (APT)</td>
<td>+14.35%</td>
<td>$6.42</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.19 trillion, rising by 2.17% in the last 24 hours.
Stocks rallied to new peaks on Wednesday. The S&amp;P 500 gained 0.24% to close at a record high of 6,144.15. The Dow Jones Industrial Average added 71.25 points, or 0.16%, to end at 44,627.59, while the tech-focused Nasdaq Composite gained 0.07% to close at 20,056.25.
Investors parsed the <a href="https://www.benzinga.com/25/02/43829352/fomc-minutes">latest Federal Reserve meeting minutes</a>, with policymakers preferring to "take a careful approach&#8221; before considering further interest rate cuts.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Leading on-chain analytics firm CryptoQuant noted a slowdown in the daily inflows into U.S. spot exchange-traded funds.&nbsp;
"U.S. ETF buys dropped from +$18,000 in early November to -$1,000 today. Bitcoin rallies are unlikely at these levels," the firm stated, pointing to a drop in institutional interest.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">ETF activity is slowing. US ETF buys dropped from +18K in early November to -1K today. Bitcoin rallies are unlikely at these levels. <a href="https://t.co/wAxPLY9KSF">pic.twitter.com/wAxPLY9KSF</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1892260963698585629?ref_src=twsrc%5Etfw">February 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Popular cryptocurrency analyst and trader Rekt Capital drew attention to Bitcoin's struggles in retesting $97,700.&nbsp;
The researcher noted that the leading cryptocurrency has successfully held on to the $96,000 zone, showcasing "early signs of a bullish divergence."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin hasn&#39;t been able to Daily Close &amp; retest ~$97700 (light blue) which has meant that BTC has needed to find support at the blue trendline again<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> continues to successfully hold the blue diagonal, while showcasing early signs of a Bullish Divergence <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/ZfOTFwR9zy">https://t.co/ZfOTFwR9zy</a> <a href="https://t.co/TkpguSW6BB">pic.twitter.com/TkpguSW6BB</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1892200600688893985?ref_src=twsrc%5Etfw">February 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by SvetlanaParnikova on Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43826697/bitcoin-early-in-bull-market-can-compete-with-gold-etfs-blockstream-ceo-says">Bitcoin &#8216;Early In Bull Market,&#8217; Can Compete With Gold ETFs, Blockstream CEO Says</a></li>
</ul>

Bitcoin, Ethereum, Dogecoin Gain As Trump Reaffirms Crypto Support: Are Short Sellers Exiting The Market?

Editor&#8217;s Note: This story has been updated to correct the &#8220;21/21 Plan&#8221; details in paragraph 6.
Michael Saylor's Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the largest corporate Bitcoin holder in the world, intends to issue $2 billion in convertible debt through a private offering, to buy more Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)
What Happened: On Tuesday, the company announced plans to offer the notes to institutional investors through a private placement, including an additional $300 million option for early buyers. The notes, set to mature on March 1, 2030, will be convertible into cash, stock, or a combination of both at Strategy's discretion.
The notes will neither accrue regular interest nor increase in value, meaning their principal amount will stay constant over time. Strategy reserves the right to redeem the notes for cash beginning March 5, 2027, but only if its stock price remains at least 130% above the conversion price for a designated period.
Investors have the right to request a repurchase on March 1, 2028, or in the case of a significant corporate change, at the principal amount along with any accrued special or additional interest.
The firm, led by Saylor, stated that the proceeds would mainly be used to acquire more Bitcoin, with a portion set aside for working capital.
SEE ALSO: <a href="https://www.benzinga.com/tech/25/02/43802471/apples-leaked-renders-show-iphone-17-air-and-pro-getting-unique-camera-islands-but-base-models-looks-may-disappoint-some">Apple&#8217;s Leaked Renders Show iPhone 17 Air And Pro Getting Unique Camera Islands —But Base Model&#8217;s Looks May Disappoint Some</a>
Why It Matters: The initiative is part of the company's larger 21/21 Plan that aims to secure $21 billion from equity offerings and an additional $21 billion through fixed-income securities between 2025 and 2027. This is the company&#8217;s first simple convertible offering since it secured over $560 million at a substantial discount.
This decision also comes after a week wherein the company refrained from raising funds through share sales or debt to purchase Bitcoin, a strategy it had frequently employed in the past.
Strategy&#8217;s ambitious Bitcoin investment plan, therefore, could be seen as a move to capitalize on the increasing acceptance of Bitcoin as a legitimate institutional asset. However, Saylor opined that <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43793078/michael-saylor-bitcoin-adoption-hindered-by-institutional-under-allocation">institutional investors are yet to allocate</a> sufficient capital to Bitcoin, despite its growing acceptance as a financial asset.
He also noted that recent regulations are simplifying the process for companies to include Bitcoin in their balance sheets. For instance, the Financial Accounting Standards Board&#8217;s fair value accounting rules mandate that companies report cryptocurrencies at their fair market value.
Strategy&#8217;s bold move comes in the wake of a 20% reduction in workforce and over a 14% drop in the company&#8217;s stock value since last month. The company, which&nbsp;held 478,740 Bitcoin as of&nbsp;Feb. 17, has seen its stock surge over 370% during the past year.
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/25/02/43802574/bitcoin-ethereum-dogecoin-slide-further-while-stocks-rally-analyst-spots-a-good-sign-for-eths-mid-term-and-long-term-price-outlooks">Bitcoin, Ethereum, Dogecoin Slide As Stocks Rally: Analyst Spots &#8216;Good Sign&#8217; For ETH&#8217;s Mid-Term And Long-Term Price Outlooks</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

MSTR

Michael Saylor's Strategy To Raise Another $2 Billion To Buy More Bitcoin (CORRECTED)

Leading cryptocurrencies dipped on Tuesday, even as the stock market lifted to record highs.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.14%</td>
<td>$95,525.86</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.96%</td>
<td>$2,674.93</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-2.19%</td>
<td>$0.2515</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin plummeted to a two-week low of $93,388.83, breaking out of its rangebound price pattern.
Ethereum fell to an intraday low of $2,606.90 before recouping losses later in the evening.
Bitcoin's dominance rose above 60%, while Ethereum accounted for a 10.3% share of the cryptocurrency market.
Cryptocurrency liquidations soared to $344.95 million in the last 24 hours, with over $278 million in upside bets getting erased.
Bitcoin's Open interest rose by 1.12%. A rise in Open Interest, coinciding with a price decline, indicated the opening of new short positions.
That said, over $800 million in short positions will be liquidated if Bitcoin reclaims $100,000.
Market sentiment flipped into the "Fear" zone, according to the Crypto Fear &amp; Greed Index, potentially leading to an increase in short positioning.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Maker (MKR)</td>
<td>+9.72%</td>
<td>$1,416.27</td>
</tr>
<tr>
<td>Litecoin (LTC)</td>
<td>+7.94%</td>
<td>$131.74</td>
</tr>
<tr>
<td>Bittensor (TAO)</td>
<td>+5.61%</td>
<td>$377.66</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.14 trillion, contracting by 0.90% in the last 24 hours.
Stocks rallied sharply on the first trading day of the week. The S&amp;P 500 lifted 0.24% to close at a record high of 6,129.58. The Dow Jones Industrial Average was comparatively muted, adding 10.26 points, or 0.02%, to end at 44,556.34. The tech-heavy Nasdaq Composite gained 0.07% to close at 20,041.26.
The Federal Reserve will release last month's meeting minutes on Wednesday, helping investors further understand the <a href="https://www.benzinga.com/25/02/43668443/powell-to-congress-fed-is-not-there-yet-on-inflation-cpi-was-above-every-forecast-us-debt-path-is-unsustainable">central bank's position on interest rates</a>.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Leading on-chain analytics firm Santiment noted a sharp decline in the Ethereum network's average fees, describing it as a "good sign" for mid-term and long-term price outlooks.
"Just as extremely high fees can sometimes push traders away or cause short-term corrections, extremely low fees (like we&#8217;re seeing now) will often incentivize users back and allowing the network&#8217;s utility to rise to a prosperous rate," the analyst stated.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4b8; The average fee of an Ethereum transfer currently sits at just $0.41, in contrast to the $15.21 high point of the past 2 years. When Ethereum transaction fees are low, it usually means the network is not overly crowded. When users are not paying high prices to move their ETH… <a href="https://t.co/G22qd3eTl8">pic.twitter.com/G22qd3eTl8</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1892012106972577997?ref_src=twsrc%5Etfw">February 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Well-known cryptocurrency expert and trader Ali Martinez highlighted levels of interest on Bitcoin's price chart.&nbsp;
"Bitcoin faces a supply wall of 1.88 million BTC at $97,000, while support at $94,500 is backed by just 695,000 BTC. This imbalance could play a key role in the next move," Martinez predicted.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> faces a supply wall of 1.88 million <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> at $97,000, while support at $94,500 is backed by just 695,000 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a>. This imbalance could play a key role in the next move! <a href="https://t.co/WVznb1c1RE">pic.twitter.com/WVznb1c1RE</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1891830021855248654?ref_src=twsrc%5Etfw">February 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by Avi Rozen on Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43792319/record-breaking-token-creation-in-january-raises-concerns-over-altcoin-liquidity-market-quality">Record-Breaking Token Creation In January Raises Concerns Over Altcoin Liquidity, Market Quality</a></li>
</ul>

Bitcoin, Ethereum, Dogecoin Slide As Stocks Rally: Analyst Spots 'Good Sign' For ETH's Mid-Term And Long-Term Price Outlooks

Cryptocurrency markets are trading lower despite bullish catalysts, including rising institutional investment and <a href="https://www.benzinga.com/24/12/42476809/texas-joins-crypto-movement-introduces-bill-to-set-up-bitcoin-reserve">Texas&#8217; Strategic Bitcoin Reserve</a> proposal.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>&nbsp;$94,100.04</td>
<td>-1.8%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>&nbsp;$2,637.93</td>
<td>-3.7%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>&nbsp;$166.02&nbsp;</td>
<td>-7.3%</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td>
<td>&nbsp;$2.51</td>
<td>-5.5%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>&nbsp;$0.2472</td>
<td>-4.3%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>&nbsp;$0.00001511</td>
<td>-3.6%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 14.5% and daily active addresses grew by 22.3%. Transactions greater than $100,000 are up from 6,580 to 9,049 in a single day. Exchanges netflows are down by 127%.</li>
<li>Coinglass data reports 140,769 traders were liquidated in the past 24 hours with the total liquidations comes in at $335.77 million.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43792319/record-breaking-token-creation-in-january-raises-concerns-over-altcoin-liquidity-market-quality">Record-Breaking Token Creation In January Raises Concerns Over Altcoin Liquidity, Market Quality</a></li>
<li><a href="https://www.benzinga.com/government/regulations/25/02/43793464/robinhood-to-expands-crypto-offerings-in-singapore-in-push-for-global-growth">Robinhood To Expands Crypto Offerings In Singapore In Push For Global Growth</a></li>
<li><a href="https://in.benzinga.com/25/02/43786713/solana-meme-coin-ecosystem-under-fire-galaxy-research-cites-libra-rug-pull-as-major-blow">Solana Meme Coin Ecosystem Under Fire: Galaxy Research Cites LIBRA Rug Pull As Major Blow</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43790066/institutions-can-earn-bitcoin-yield-with-lstbtc-while-retaining-custodian-security">Institutions Can Earn Bitcoin Yield With lstBTC While Retaining Custodian Security</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43772661/us-could-sell-its-gold-to-set-up-potential-bitcoin-reserve-says-bernstein-will-it-ignite-a-global-race-to-buy-btc">US Could Sell Its Gold To Set Up Potential Bitcoin Reserve, Says Bernstein: Will It Ignite A &#8216;Global Race&#8217; To Buy BTC?</a></li>
</ul>
 Top Losers:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Jupiter (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">JUP</a>)</td>
<td>&nbsp;$0.7133</td>
<td>-12.5%</td>
</tr>
<tr>
<td>Virtuals Protocol (CRYPTO: VIRTUAL)</td>
<td>&nbsp;$1.00</td>
<td>-12.5%</td>
</tr>
<tr>
<td>Raydium (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">RAY</a>)</td>
<td>&nbsp;$4.14</td>
<td>-11%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: With Bitcoin dropping below $95K, he warns a dip to $80,000 will feel like hell for alts, but the rebound should be explosive. He urges traders to stay strong as bull season approaches.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> / <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Sweep into the 80s is gonna feel like the bottom rings of hell for alts after what they've already been through, but the bounce back across the board should be violent and glorious when it's all over. Stay strong gents. Bull szn reason soon. <a href="https://t.co/otSSat0Th4">pic.twitter.com/otSSat0Th4</a>
&mdash; K A L E O (@CryptoKaleo) <a href="https://twitter.com/CryptoKaleo/status/1891928255386558836?ref_src=twsrc%5Etfw">February 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Crypto chart analyst Ali Martinez <a href="https://x.com/ali_charts/status/1891830021855248654">highlighted</a> a supply wall of 1.88 million BTC at $97,000 and support at $94,500 backed by 695,000 BTC, suggesting this imbalance could dictate Bitcoin's next move. 
Crypto Trader DonAlt <a href="https://x.com/CryptoDonAlt/status/1891886222508695708">sees</a> &#8220;same old, same old&#8221; market conditions but notes Bitcoin's strength despite broader weakness, saying he&#8217;s not worried about the crypto king.
ShardiB2 <a href="https://x.com/ShardiB2/status/1891912008808722522">observes</a> Bitcoin's first support test and based on daily RSI, expects a drop to $89,000, though it could get front-run at $91,000.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43772661/us-could-sell-its-gold-to-set-up-potential-bitcoin-reserve-says-bernstein-will-it-ignite-a-global-race-to-buy-btc">State Pension Funds Key To Bitcoin Hitting $500K, Long-Only Money Needed: Standard Chartered</a></li>
</ul>
Image: Shutterstock

$JUP

$RAY

$SHIB

$SOL

$XRP

Bitcoin, Ethereum, XRP, Dogecoin Slide: BTC's $80,000 Sweep Feels Like Hell For Altcoins But A Glorious Rebound Awaits

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has been stuck in a multi-week range, leaving altcoins struggling for momentum. However, traders believe this consolidation phase could be setting the stage for an altseason breakout.
What Happened: Crypto trader Astronomer<a href="https://x.com/astronomer_zero/status/1891652214328082847"> advises </a>altcoin holders to remain patient, emphasizing that historically, the biggest altcoin surges occur in the final year of the cycle (2025). He argues that the current cycle resembles 2017 more than 2021, which explains why altcoins have yet to make major moves.
<ul>
<li>In 2017, altcoins remained flat until the final year (March–November) before exploding.</li>
<li>In 2021, altcoins surged early (August 2020–February 2021) but then suffered a 70% crash mid-cycle.</li>
<li>Bitcoin&#8217;s current price action resembles 2017's gradual parabolic rise, unlike 2021's rapid, straight-up movements.</li>
</ul>
Historically, Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>), Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>), and IOTA (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/iota/usd">IOTA</a>) all stayed stagnant until late in the final year before massive rallies. Many traders expected Bitcoin dominance to drop sharply, similar to 2021, but the market is following the 2017 pattern of a gradual decline before a sharp break lower.
Similarly, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) also saw a gradual rise in 2017 before an explosive move, unlike its more volatile 2021 cycle.
The logical reasons behind this cycle's similarity to 2017 include market psychology, where investors expect the last cycle to repeat and get outmaneuvered, and mass adoption, with institutional and governmental players now involved, similar to the retail-driven surge in 2017.
Also Read: <a href="https://www.benzinga.com/25/02/43755252/bitcoin-altcoin-set-to-rise-with-irrational-valuations-according-to-crypto-analyst-but-a-big-crisis-looms-afterwards">Bitcoin, Altcoin Set To Rise With &#8216;Irrational Valuations,&#8217; According To Crypto Analyst, But A &#8216;Big&#8217; Crisis Looms Afterwards</a>
What's Next: Crypto trader Scient highlighted that market remains choppy, with many altcoins bleeding and Bitcoin ranging between $91,000-$108,000. This is a typical cycle pattern where liquidity moves from weaker to stronger assets, though it&#8217;s happening faster due to market segmentation.
The trader <a href="https://x.com/Crypto_Scient/status/1891779609806451141">expects</a> the chop/downside to end soon, likely by late April, and does not anticipate a prolonged altseason. They suggest focusing on large caps like L1/L2s, DeFi, AI, and RWA, with only a small 2-5% allocation to meme coins.
Meanwhile, trader arndxt <a href="https://x.com/arndxt_xo/status/1891800870016385501">pointed</a> out that Bitcoin has been stuck in a 60-day range, which is relatively short compared to past 240-day consolidation periods. This suggests the chop is not over yet, and altcoins will continue to struggle for momentum until BTC makes a decisive move.
Read Next:
<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43662831/bitcoin-meme-coins-dominate-crypto-but-other-projects-suffer-analyst-says">Bitcoin, Meme Coins Dominate Crypto, But Other Projects Suffer, Analyst Says</a></li>
</ul>
Image: Shutterstock

$ADA

$IOTA

$LTC

Dogecoin, Cardano Among Four Iconic Altcoins: Trader Sees 'Pretty Close To An End To This Chop'

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/02/14/final-trades-toast-cme-group-goldman-sachs-and-diamondback-energy.html">Halftime Report Final Trades</a>,&#8221; Joshua Brown of Ritholtz Wealth Management named Toast, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>) as his <a href="https://www.benzinga.com/quote/TOST/analyst-ratings">final trade</a>.
Supporting his view, Oppenheimer analyst Rayna Kumar, on Jan. 24, initiated coverage on Toast with an Outperform rating and announced a price target of $46. Toast, meanwhile, will release financial results for the fourth quarter and full year following the close of markets on Wednesday, Feb. 19.
Kevin Simpson of Capital Wealth Planning picked CME Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>).
Adding support to his choice, CME, on Feb. 12, posted better-than-expected results for the fourth quarter. The company posted adjusted earnings of $2.52 per share, beating market estimates of $2.44 per share. Its sales came in at $1.525 billion versus expectations of $1.519 billion.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Rounding out the trades, Jason Snipe of Odyssey Capital Advisors named Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>).
According to a latest 13F filing with the SEC, Goldman Sachs loaded up more shares of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) spot exchange-traded funds in the fourth quarter of 2024. The Wall Street giant reported a significant stake in Fidelity Wise Origin Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>), with 3.53 million shares valued at $288.01 million. Goldman Sachs bought an additional 1.8 million shares of FBTC in the fourth quarter ending Dec. 31.
Price Action:
<ul>
<li>Toast shares gained 0.7% to close at $40.49 on Friday.</li>
<li>CME fell 1.9% to settle at $245.48 during Friday's session.</li>
<li>Goldman Sachs shares gained 1.8% to close at $660.55 on Friday.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/02/43730195/top-3-defensive-stocks-that-may-collapse-in-q1">Top 3 Defensive Stocks That May Collapse In Q1</a></li>
</ul>
Image: Shutterstock

Long Ideas

Media

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

TOST

Toast, CME Group And An Investment Bank On CNBC's 'Final Trades'

Bitcoin continued to move sideways on Monday, while Ethereum staged a rebound as investors resorted to a wait-and-watch approach.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.80%</td>
<td>$95,608.82</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.10%</td>
<td>$2,726.70</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-3.67%</td>
<td>$0.2567</td>
</tr>
</tbody>
</table>
</figure>
What Happened: The world's leading cryptocurrency oscillated between $95,000 and $97,000, extending its rangebound price action.
Ethereum, on the other hand, rallied to a two-week high of $2,848.78 before paring gains by the evening.
Bitcoin's dominance rose to 59.8% over the last 24 hours, after a 3.16% increase.
Cryptocurrency liquidations hit $238 million in the last 24 hours, with long liquidations amounting to nearly $150 million.
Bitcoin's Open Interest rose by 1.58%. A rise in Open Interest, coming alongside a sideways price action, indicated potential volatility in the future.
Additionally, the number of traders opening long positions for Bitcoin surged when compared to those betting on its decline, according to the Long/Short Ratio.
Market sentiment remained "Neutral" as of this writing, according to the Crypto Fear &amp; Greed Index.&nbsp;
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Sonic (S)</td>
<td>+12.82%</td>
<td>$0.6019</td>
</tr>
<tr>
<td>Berachain (BERA)</td>
<td>+8.01%</td>
<td>$6.04</td>
</tr>
<tr>
<td>Maker (MKR)</td>
<td>+5.42%</td>
<td>$1,046.67</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.17 trillion, contracting by 0.92% in the last 24 hours.
Stock futures ticked higher Monday evening. The Dow Jones Industrial Average Futures rose 67 points, or 0.15%, as of 7:45 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 gained 0.15%, while Nasdaq 100 Futures rose 0.14%.
The Federal Reserve will release the meeting minutes on Wednesday, giving investors further cues on the <a href="https://www.benzinga.com/25/02/43668443/powell-to-congress-fed-is-not-there-yet-on-inflation-cpi-was-above-every-forecast-us-debt-path-is-unsustainable">central bank's position on interest rates</a>.
The New York Stock Exchange and Nasdaq will resume trading on Tuesday after the Presidents Day holiday.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Leading on-chain analytics firm Santiment noted Ethereum's recovery and outperformance vis-à-vis altcoins.
"From a long-term perspective, ETH continues to move off of exchanges and into cold wallets at a shocking pace, with just 6.38% of the available supply on exchanges," Santiment data showed, indicating a lower likelihood of a large sell-off event.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4c8; Ethereum has shown mild signs of a rebound, currently back up to a market value of $2,745 and outpacing most altcoins to start the week. From a long-term perspective, ETH continues to move off of exchanges and into cold wallets at a shocking pace, with just 6.38% of the… <a href="https://t.co/4MTJgpOLDT">pic.twitter.com/4MTJgpOLDT</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1891625787620577568?ref_src=twsrc%5Etfw">February 17, 2025</a></blockquote>
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</figure>
Santiment responded to an X user&#8217;s question about the impact of Ethereum&#8217;s shrinking supply on its price action. While they acknowledged the positive effect, they emphasized that it should be viewed as a &#8220;long-term&#8221; metric.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Generally, yes. Because it decrease the probability of a major upcoming sell-off. But it should be considered a long-term metric, rather than one to react to on a swing trading basis. &#x1f44d;
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1891654021946966230?ref_src=twsrc%5Etfw">February 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Influential cryptocurrency expert and trader Ali Martinez noted a bearish crossover for the Moving Average Convergence Divergence indicator on Bitcoin's weekly chart. The analyst stated that this signal has historically preceded "significant price corrections" in the apex cryptocurrency.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The MACD just had a bearish crossover on the weekly chart, a signal that has historically preceded significant price corrections in <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>! <a href="https://t.co/C1RiMygOEZ">pic.twitter.com/C1RiMygOEZ</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1891581886671298817?ref_src=twsrc%5Etfw">February 17, 2025</a></blockquote>
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</figure>
Martinez also drew attention to the large sell-offs by Bitcoin miners over the past week, with over 2,000 BTCs getting offloaded.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> miners have offloaded over 2,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> in the past week! <a href="https://t.co/oFz2PfhyEA">pic.twitter.com/oFz2PfhyEA</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1891639264867385596?ref_src=twsrc%5Etfw">February 18, 2025</a></blockquote>
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</figure>
Photo by CMP_NZ on Shutterstock
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/02/43769603/argentinas-stock-market-plummets-amid-milei-meme-coin-controversy">Argentina&#8217;s Stock Market Plummets Amid Milei Meme Coin Controversy</a></li>
</ul>

Bitcoin, Dogecoin Weak, Ethereum Rebounds Amid Muted Investor Sentiment: ETH Moving To Cold Wallets At 'Shocking Pace' A Positive For Price Action In The Long-Term

The cryptocurrency market was influenced by Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) stagnation last week, although certain coins staged remarkable gains.
What happened: CAKE, the token of the decentralized exchange PancakeSwap, topped the gainers&#8217; list, returning a massive 62% to its holders in the last week.
The BNB Chain (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>)-based coin's growth was catalyzed by a sharp jump in trading volumes on PancakeSwap, worth over $27 billion over the last week, <a href="https://defillama.com/dexs">according </a>to DeFiLlama.
S, the native token of the high-speed blockchain platform Sonic, was the second-most successful coin, surging 33% over the week. Proof-of-work cryptocurrency Kaspa rallied over 25% to bag the third spot.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price</td>
</tr>
<tr>
<td>PancakeSwap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/cake/usd">CAKE</a>)</td>
<td>+62.70%</td>
<td>$2.74</td>
</tr>
<tr>
<td>Sonic (S)</td>
<td>+33.56%</td>
<td>$0.5462</td>
</tr>
<tr>
<td>Kaspa (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">KAS</a>)</td>
<td>+25.98%</td>
<td>$0.1099</td>
</tr>
</tbody>
</table>
</figure>
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43721043/brian-armstrong-wants-to-handle-growing-volumes-of-memecoins-by-adding-dexes-into-coinbase-a-little-bit-like-the-early-days-of-the-internet">Brian Armstrong Wants To Handle Growing Volumes Of Memecoins By Adding DEXes Into Coinbase: &#8216;A Little Bit Like The Early Days Of The Internet&#8217;</a>
Blue-chip coins like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) remained rangebound, gaining 0.98% and 0.81%, respectively.
XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) clocked double-digit gains of 11.55%, while Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) grew 6.17%, following the <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43730035/does-this-sec-decision-mean-dogecoin-xrp-etfs-are-on-their-way">SEC's acknowledgment</a> of their respective Grayscale ETF applications.
Other meme coins like Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) traded flat, while President Donald Trump's Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) token lifted over 14%.
Overall, the total cryptocurrency market capitalization rose marginally by 0.9% over the week to $3.19 trillion.
Photo Courtesy: Akif CUBUK on Shutterstock.com
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/02/43719682/peter-schiff-says-gamestop-has-thrown-a-hail-mary-by-considering-bitcoin-investments-draws-parallels-with-michael-saylors-strategy">Gamestop&#8217;s Potential Bitcoin Move A &#8216;Hail Mary,&#8217; Says Peter Schiff —Crypto Themed On Company Rips 440%</a></li>
</ul>

$BNB

$CAKE

$KAS

$TRUMP

Bitcoin Was Muted, Dogecoin Spiked, But The Icing On The 'Cake' Last Week Was A 62% Rally In This Token

Leading cryptocurrencies slid on Sunday, as the market endured dwindling volume and volatility.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-1.34%</td>
<td>$96,387.98</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.23%</td>
<td>$2,669.97</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-2.39%</td>
<td>$0.2661</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin consolidated between $96,000 and $97,650, extending the sideways market trajectory since recovering from the <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43455908/dogecoin-regains-momentum-after-black-sunday-rout-heres-what-indicators-signal-about-the-memecoins-next-moves">‘Black Sunday'</a> crash. Ethereum dipped below $2,700, falling to an intraday low of $2,655.30. 
The two blue-chip assets witnessed a decline in 24-hour trading volumes, suggesting weak demand.
Cryptocurrency liquidations rose above $109 million in the last 24 hours, with long liquidations amounting to $78 million.
Over $300 million in short positions risked liquidation if Bitcoin rises to $100,000.
About 52% of Bitcoin derivatives traders were positioned short, according to the Long/Short Ratio, implying a further decline in prices.
Market sentiment remained "Neutral," according to the Crypto Fear &amp; Greed Index, indicating no clear dominance of either bullish or bearish forces.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>PancakeSwap (CAKE)</td>
<td>+4.90%</td>
<td>$2.82</td>
</tr>
<tr>
<td>Hyperliquid (HYPE)</td>
<td>+4.02%</td>
<td>$26.88</td>
</tr>
<tr>
<td>Sonic (S)</td>
<td>+3.38%</td>
<td>$0.5328</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.2 trillion, contracting 1.16% in the last 24 hours.
Stock futures were largely unchanged on Sunday evening. The Dow Jones Industrial Average Futures traded on the flatline at 7:39 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 rose 0.03%, while Nasdaq 100 Futures added 0.04%.
The New York Stock Exchange and Nasdaq will be closed for trading Monday in observance of the Presidents Day holiday, also known as Washington&#8217;s Birthday.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Cryptocurrency analyst CrypNuevo, who has a large following, forecasted a &#8220;nice&#8221; trading week and pointed out important levels of interest on Bitcoin&#8217;s chart.
"I do think that the upside liquidations will likely get hit fairly soon ($99,200) but would love to re-enter at the lower liquidations ($93,300) first.
The analyst also cautioned against longing the range lows "blindly" as he projected Bitcoin to dip further to $88,000 if it touched range lows of $91,000.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Sunday update: We should have a nice trading week ahead thanks to a quiet economic calendar. Only remember that Monday is US Bank Holiday so could be a longer weekend. I mapped out the main levels and triggers for my own trading. Let me share them with you: &#x1f9f5;↓ (1/5): <a href="https://t.co/BdImZ7M7r7">pic.twitter.com/BdImZ7M7r7</a>
&mdash; CrypNuevo &#x1f528; (@CrypNuevo) <a href="https://twitter.com/CrypNuevo/status/1891274432611512340?ref_src=twsrc%5Etfw">February 16, 2025</a></blockquote>
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</figure>
Influential cryptocurrency expert and trader Ali Martinez warned that if Ethereum failed to hold $2,570, the next "key" support level was at $2,200.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> fails to hold $2,570, the next key support level to watch is $2,200. <a href="https://t.co/8OpnVfpyhs">pic.twitter.com/8OpnVfpyhs</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1891137458466681001?ref_src=twsrc%5Etfw">February 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: Shutterstock
Read Next:    
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43758789/exclusive-bitcoin-has-capacity-to-become-legal-tender-in-europe-says-eu-member-of-parliament-sarah-knafo-i-am-going-to-fight-the-digital-euro-and-the-totalitaria">EXCLUSIVE: Bitcoin Has &#8216;Capacity&#8217; To Become Legal Tender In Europe, Says EU Member Of Parliament Sarah Knafo: &#8216;I Am Going To Fight The Digital Euro&#8217; And The Totalitarian ECB</a></li>
</ul>

Bitcoin, Ethereum, Dogecoin Dip As Investors Seek Volatility Over A Dull Weekend: Analyst Thinks 'Blindly' Longing The BTC Range Lows May Not Be A Good Idea

The week was a rollercoaster ride in the world of cryptocurrencies. From GameStop-themed crypto rallying to a Trump-backed project bolstering Bitcoin and Ethereum, the crypto market was buzzing with activity. Here&#8217;s a quick round-up of the top stories.
GameStop-Themed Crypto Rallies
Cryptocurrencies themed on video game retailer GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) saw a significant surge, thanks to CEO Ryan Cohen&#8217;s picture with Strategy co-founder Michael Saylor. The Ethereum-based GameStop crypto soared nearly 50% in the last 24 hours, with its trading volume surging by 37% to $1.83 million.
<a href="https://www.benzinga.com/trading-ideas/movers/25/02/43614269/gamestop-themed-crypto-rallies-50-after-ryan-cohen-posts-intriguing-photo-with-bitcoin-bull-michael-saylor">Read the full article here.</a>
Trump-Backed Project Bolsters Bitcoin, Ethereum
World Liberty Financial, a cryptocurrency project backed by President Donald Trump, announced a strategic token reserve to support projects like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>). The reserve aims to mitigate market volatility by diversifying holdings across tokenized assets.
<a href="https://www.benzinga.com/25/02/43646667/trump-backed-world-liberty-financial-unveils-strategic-token-reserve-to-bolster-bitcoin-ethereum">Read the full article here.</a>
Cathie Wood Backs Musk&#8217;s Blockchain Plan
Cathie Wood, the founder of asset management firm Ark Invest, supported Elon Musk&#8217;s idea of putting all U.S. government spending on blockchains for better transparency. Wood hailed the plan as a &#8220;win, win, win&#8221; for transparency, efficiency, and security.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43613058/cathie-wood-says-doge-lead-elon-musks-plan-of-putting-the-treasury-on-blockchain-a-win-win-win-transparency-efficiency-security">Read the full article here.</a>
Meme Coins Could Make a Comeback
Prominent trader Unipcs believes meme coins could be on the verge of a comeback. He argued that the risk/reward ratio favors longs, as the biggest meme coins have already corrected 70-90% from their peaks just months ago.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43734199/millionaire-trader-says-dogecoin-bonk-trump-memes-have-bottomed">Read the full article here.</a>
SEC Considers Dogecoin, XRP ETFs
The Securities and Exchange Commission has acknowledged Grayscale&#8217;s applications for spot Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) ETFs. This move signals that the agency is open to considering the proposals, a shift from its previous tendency to dismiss similar applications for alternative cryptocurrencies.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43730035/does-this-sec-decision-mean-dogecoin-xrp-etfs-are-on-their-way">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/02/43754366/mark-zuckerberg-follows-elon-musks-footsteps-as-meta-reportedly-plans-major-investment-into-ai-powered-humanoid-robots">Mark Zuckerberg Follows Elon Musk&#8217;s Footsteps As Meta Reportedly Plans Major Investment Into AI-Powered Humanoid Robots</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

GameStop-Linked Crypto Soars, Trump-Backed Project Bolsters Bitcoin, And More: This Week In Crypto

The popularity of cryptocurrency-based casinos continues to surge, attracting players with fast transactions, enhanced privacy, and innovative gaming features. But where is interest in crypto gambling the highest in 2025? 
What Happened: A new study by the <a href="https://casinospotfr.com/casinos-en-ligne/">CasinoSpotFR</a> analyzed search query data and Google Trends to pinpoint the regions most engaged with crypto casinos and the key factors fueling this growth.
According to <a href="https://ahrefs.com/">Ahrefs</a>, the monthly search volume for &#8220;crypto casino&#8221; in major countries is as follows: the United States leads with 7,500 searches, followed by Germany with 4,200, the United Kingdom with 3,100, Canada with 1,800, and France with 1,500 searches. 
However, adjusting these figures based on population size presents a different perspective. Germany has the highest search rate per capita at 50 searches per million people, while the UK follows closely with 46.27, just ahead of Canada at 46.15. 
The U.S., despite its large overall search volume, ranks lower on a per capita basis with 22.66 searches per million, slightly above France at 22.06. This indicates that while the U.S. shows strong absolute interest, European nations demonstrate a greater concentration of searches per person.
The landscape of cryptocurrency casinos has evolved significantly over the past two years. Global search interest in crypto casinos has risen by approximately 20–30%, reflecting the sector&#8217;s growing appeal. While Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) remains the primary cryptocurrency for gambling, more platforms are now integrating Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) as viable payment options. 
Meanwhile, regulatory scrutiny has intensified, with some governments imposing stricter controls on crypto gambling. However, many players are adapting by utilizing VPNs and decentralized platforms to continue participating in online crypto gaming.
The data also highlights key differences in crypto casino interest worldwide. Germany and the UK display the strongest per-capita demand, indicating a thriving gaming culture despite regulatory challenges. Canada and France maintain steady engagement, while the U.S. dominates in absolute search volume. 
As legal landscapes shift, crypto gamblers are adjusting, relying on new payment methods and decentralized systems to sustain activity in the sector.
Crypto casinos have gained traction in financial markets, influencing major ETFs such as ProShares Bitcoin Strategy ETF and Amplify Transformational Data Sharing ETF, which reflect the sector's growing relevance in blockchain investment.
Image: Shutterstock

$USDT

BITO

BLOK

Germany and UK Show Highest Per-Capita Demand for Crypto Casinos

Cryptocurrency analyst&nbsp;Michaël van de Poppe&nbsp;has shared insights on potential trajectories&nbsp;for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and altcoins&nbsp;in the coming months.
What Happened: Van de Poppe suggests two scenarios: one where Bitcoin peaks in late 2025 and altcoins surge in early 2026, following the typical four-year cycle influenced by Bitcoin halving events.
The second scenario, according to Van de Poppe, involves even larger rallies for cryptocurrencies, driven by rising equity prices and policies from&nbsp;President Donald Trump.
"The S&amp;P is going to copy-paste the last four years of the dotcom bubble with four years of 20% returns or more which is a very rare case and which is basically designing the entire bubble that was happening in the dotcom bubble and might be the case again with AI and blockchain," he explained.
He predicts that the S&amp;P index could mimic the dotcom bubble&#8217;s returns, potentially leading Bitcoin to reach $1 million and altcoins to experience extreme valuations.
"If the S&amp;P is going to do that, Bitcoin is going to be the beta play on top of that where Trump is going to fuel that entire run where Bitcoin goes to a $1 million and altcoins can go completely wild with irrational valuations."
Van de Poppe warns of a significant market correction following these events, suggesting a shift in macroeconomic conditions.
He emphasizes that this cycle might have started late for altcoins, marking&nbsp;the longest bear market in&nbsp;their history.
Why It Matters: On Friday, Bitcoin, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), XRP ((CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) posted gains, indicating strong market activity.
A&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43746357/bitcoin-ethereum-xrp-dogecoin-rally-trader-predicts-weekend-pullback-before-push-to-103000">recent report</a>&nbsp;highlighted predictions of a weekend pullback before a potential push to $103,000 for Bitcoin.
Additionally, there is growing speculation around the approval of a Dogecoin ETF in 2025. Betting markets, as per&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43742669/a-dogecoin-etf-approval-in-2025-is-becoming-increasingly-likely-polymarket-traders-speculate">Polymarket data</a>, show a 74% chance of approval by the end of 2025, reflecting increased optimism since President Trump&#8217;s inauguration.
Moreover,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43723429/arthur-hayes-says-trump-coin-will-lead-bitcoin-if-market-sentiment-turns-favorable-calls-memecoin-purest-and-most-honest-popularity-metric">Arthur Hayes</a>, co-founder of BitMEX, has suggested that a positive shift in market sentiment could propel the Trump coin ahead of Bitcoin.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/02/43578110/while-elon-musk-has-been-at-the-center-of-trumps-presidency-in-the-first-three-weeks-data-shows-his-rivals-jeff-bezos-mark-zuckerberg-and-others-benefited-more-since-the-inauguration-here" target="_blank" rel="noreferrer noopener">While Elon Musk Has Been At The Center Of Trump's Presidency In The First Three Weeks, Data Shows His Rivals Jeff Bezos, Mark Zuckerberg And Others Benefited More Since The Inauguration: Here's More</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Politics

Bitcoin, Altcoin Set To Rise With 'Irrational Valuations,' According To Crypto Analyst, But A 'Big' Crisis Looms Afterwards

Renowned economist Peter Schiff criticized video game retailer GameStop Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) potential move to invest in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) on Thursday, likening it to a desperate attempt to gain relevance.
What Happened: Schiff said the company, which he believed lacked a &#8220;viable&#8221; business plan, had &#8220;thrown another Hail Mary&#8221; by considering adding Bitcoin to its reserves.
&#8220;The&nbsp;irony is that Bitcoin is&nbsp;even more overpriced than GME,&#8221; Schiff&#8217;s X post read. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">GameStop, a company with no viable business plan, has thrown another Hail Mary by announcing that it might use its cash to buy Bitcoin. The irony is that Bitcoin is even more overpriced than GME. No matter; speculators are buying the stock anyway, hoping it becomes another MSTR.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1890166114677895302?ref_src=twsrc%5Etfw">February 13, 2025</a></blockquote>
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He compared GameStop&#8217;s plans to Michael Saylor&#8217;s Bitcoin Treasury company Strategy, which has <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43596456/strategy-acquires-7633-bitcoin-for-742-4-million-boosts-holdings-to-478740-btc">spearheaded corporate Bitcoin adoption</a> in the last few months. &#8220;No matter; speculators are buying the stock anyway, hoping it becomes another MSTR.&#8221;
Schiff has been a vocal critic of MicroStrategy and called it a<a href="https://www.benzinga.com/24/11/42237876/peter-schiff-predicts-microstrategys-bankruptcy-due-to-bitcoin-investment-strategy"> &#8220;great short&#8221;</a> previously. 
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43682382/robinhood-ceo-vlad-tenev-reveals-what-hes-most-excited-about-as-crypto-revenue-skyrockets-8x-stock-surges-15-after-hours">Robinhood CEO Vlad Tenev Reveals What He&#8217;s &#8216;Most Excited&#8217; About As Crypto Revenue Skyrockets 8X, Stock Surges 15% After Hours</a>
Why It Matters: Schiff&#8217;s comments come <a href="https://www.benzinga.com/general/gaming/25/02/43715293/gamestop-stock-jumps-on-report-its-considering-bitcoin-crypto-investments">in the wake of reports</a> that&nbsp;GameStop is mulling adding Bitcoin and other cryptocurrencies to its reserves. The company recently changed its rules on its cash balance, giving CEO Ryan Cohen control over trading the company&#8217;s cash balance into stocks and cryptocurrencies.
The speculations were boosted when <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43614269/gamestop-themed-crypto-rallies-50-after-ryan-cohen-posts-intriguing-photo-with-bitcoin-bull-michael-saylor">Cohen shared a photo with Saylor</a>—an outspoken advocate of including Bitcoin on the balance sheets of companies.
GameStop reported <a href="https://www.benzinga.com/general/gaming/24/12/42425015/gamestop-q3-earnings-revenue-miss-4b-cash-no-more-offerings-planned-in-fiscal-year">a decline in its</a> hardware, software, and collectibles sales revenue in the third quarter.
Price Action: Shares of GameStop soared 7.46% in after-hours trading, after closing 1.35% higher at $26.34 during Thursday&#8217;s trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Moreover, meme coins themed on the company rallied in the last 24 hours. BNB Chain (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>)-based GameStop Coin (GME) was up 440%, while another Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based coin ripped 21%. 
It&#8217;s worth noting that these coins aren't directly tied to GameStop but rather seek to capitalize on the hype surrounding the meme stock.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43674050/us-releases-russian-bitcoin-exchange-co-founder-alexander-vinnik-in-prisoner-deal-with-moscow">US Releases Russian Bitcoin Exchange Co-Founder Alexander Vinnik In Prisoner Deal With Moscow</a></li>
</ul>

Gamestop's Potential Bitcoin Move A 'Hail Mary,' Says Peter Schiff —Crypto Themed On Company Rips 440%

Leading cryptocurrencies traded flat Thursday amid President Donald Trump's announcement of "reciprocal tariffs" and yet another hotter inflation data.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.93%</td>
<td>$96,702.26</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.78%</td>
<td>$2,672.73</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.60%</td>
<td>$0.2649</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin hit an intraday low of $95,269.71, following Wednesday's move above $98,000, as the apex cryptocurrency's wait to reclaim $100,000 gets longer.
Ethereum fell to a low of $2,615.67 in the afternoon before gradually reaching the upper reaches of $2,600 in the evening.&nbsp;
Cryptocurrency liquidations rose above $175 million in the last 24 hours, with $120 million in upside bets erased.
That said, if Bitcoin reclaims the $100,000 level, nearly $530 million in short positions will be wiped out.
Bitcoin's Open Interest fell by 1.33% in the last 24 hours, while long exposure remained lower than short exposure, according to the Long/Short Ratio.
Market sentiment remained in the "Neutral" zone, according to the Crypto Fear &amp; Greed Index, signaling a state of balance between bulls and bears.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Kaspa (KAS)</td>
<td>+4.58%</td>
<td>$0.1015</td>
</tr>
<tr>
<td>XRP (XRP)</td>
<td>+4.15%</td>
<td>$2.56</td>
</tr>
<tr>
<td>Official Trump (TRUMP)</td>
<td>+3.74%</td>
<td>$15.92</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.2 trillion, contracting 0.91% in the last 24 hours.
Stocks rebounded strongly on Thursday. The Dow Jones Industrial Average jumped 342.87 points, or 0.77%, to close at 44,711.43. The S&amp;P 500 lifted 1.04% to 6,115.07, while the tech-heavy Nasdaq Composite gained 1.50%, ending at 19,945.64
Investors digested Trump's announcement of <a href="https://www.benzinga.com/government/regulations/25/02/43711974/trump-launches-plan-for-reciprocal-tariffs-sp-500-nears-record-highs-dollar-tumbles-as-investors-cheer-on-late-kickoff">"reciprocal tariffs</a>," aiming to mirror duties imposed by other nations on U.S. exports. The move was largely anticipated given Trump&#8217;s hints the previous week.
Meanwhile, the producer price index report came in <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43692996/inflation-fears-mount-as-producer-prices-soar-to-35-put-fed-interest-rate-cut-on-ice">hotter-than-expected</a>, following a similarly stronger-than-expected Consumer Price Index report a day before.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular cryptocurrency analyst and trader Ali Martinez projected Ethereum's "potential breakout" to $3,200 or $4,000 if the second-largest cryptocurrency holds steady above $2,600.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> continues holding firm above $2,600, it could set the stage for a potential breakout to $3,200 or $4,000! <a href="https://t.co/1n1TwCt94m">pic.twitter.com/1n1TwCt94m</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1890169580653264905?ref_src=twsrc%5Etfw">February 13, 2025</a></blockquote>
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Meanwhile, widely followed cryptocurrency investor Daan Crypto Trades sounded pessimistic owing to Bitcoin's rangebound action.
"Messy range with a lot of undecisiveness," the trader said. "No clear trend, currently in no man&#8217;s land. No need to waste your energy trading this."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Messy range with a lot of undecisiveness. The sentiment probably went from &quot;We&#39;re back&quot; to &quot;It&#39;s over&quot; like 20 times in this range. No clear trend, currently in no man&#39;s land. No need to waste your energy trading this. <a href="https://t.co/ylH2GsDNH3">pic.twitter.com/ylH2GsDNH3</a>
&mdash; Daan Crypto Trades (@DaanCrypto) <a href="https://twitter.com/DaanCrypto/status/1890144666965758212?ref_src=twsrc%5Etfw">February 13, 2025</a></blockquote>
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</figure>
Photo by CMP_NZ on Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/general/gaming/25/02/43715293/gamestop-stock-jumps-on-report-its-considering-bitcoin-crypto-investments">GameStop Stock Jumps On Report It&#8217;s Considering Bitcoin, Crypto Investments</a></li>
</ul>

Bitcoin, Ethereum, Dogecoin Flat Amid 'Reciprocal Tariffs' Talk By Trump: Why This Analyst Said BTC Was In 'No Man's Land'

Coincheck Group N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNCK#NASDAQ">CNCK</a>), the holding company of leading Japanese cryptocurrency exchange Coincheck, reported a 75% jump in revenue for the fiscal third quarter on Wednesday.&nbsp;
What happened: The company's quarterly revenue soared to $785 million, up from $448 million disclosed in the second quarter, according to a press release.
The trading volume more than doubled to $785 million quarter-over-quarter, while customer assets increased by 72% to $6.9 billion.&nbsp;
That said, Coincheck recorded a loss of $98 million during the quarter, driven by sales expenses.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/02/43584910/man-who-accidentally-lost-his-775-million-bitcoin-stash-expresses-desire-to-buy-the-landfill-site">Man Whose $775 Million Bitcoin Fortune Lies Buried In A Landfill Now Wants To Buy The Trash Heap</a>
The Tokyo-headquartered firm merged with Thunder Bridge Capital Partners IV in December to become a Nasdaq-listed company.&nbsp;It is one of the few companies on Wall Street with cryptocurrency trading as its core business.
Coincheck is one of Japan&#8217;s biggest cryptocurrency exchanges, supporting premium assets like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
Price Action: Shares of Coincheck tumbled 7% to close at $7.030 during Wednesday&#8217;s regular trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. 
Photo Courtesy: Piotr Swat on Shutterstock.com
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43581896/analyst-who-nailed-2021-crypto-collapse-now-says-worst-of-bitcoin-could-come-in-next-few-weeks">Analyst Who Nailed 2021 Crypto Collapse Now Says Worst Of Bitcoin Could Come In Next Few Weeks</a></li>
</ul>

CNCK

Nasdaq-Listed Crypto Exchange Coincheck Reports Loss Of $98 Million In Q3, Shares Tumble 7%

Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) reported a more than fivefold jump in cryptocurrency volumes in the fourth quarter.
What happened: The trading platform released its quarterly <a href="https://in.benzinga.com/news/earnings/25/02/43676276/robinhood-q4-earnings-highlights-record-revenue-eps-beat-analyst-estimates-crypto-revenue-up-700">financials </a>after Wednesday's market close and disclosed a cryptocurrency notional trading volume of $71 billion, up 400% year-over-year.
The volume surge helped boost cryptocurrency-related revenue to $358 million, marking a massive 700% jump from the last year. For context, this represented over half of the firm&#8217;s total transaction-based revenue for the quarter.
Robinhood also reported an 88% jump in assets under custody year-over-year, driven by high equity and cryptocurrency valuations.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/02/43584910/man-who-accidentally-lost-his-775-million-bitcoin-stash-expresses-desire-to-buy-the-landfill-site">Man Whose $775 Million Bitcoin Fortune Lies Buried In A Landfill Now Wants To Buy The Trash Heap</a>
The company&#8217;s cryptocurrency arm, Robinhood Crypto, allows users to trade in popular coins such as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), and others.
Robinhood CEO Vlad Tenev stated that the company was committed to adding more cryptocurrency tokens to the platform, and the process would "accelerate" amid growing regulatory clarity.
Tenev said the one area he is&nbsp; "most excited about" is <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43294972/robinhood-ceo-vlad-tenev-pushes-for-tokenization-to-unlock-private-companies-like-spacex-and-openai-for-more-investors">asset tokenization</a>.&nbsp;
"Equities, private investments, and more should be brought on the cryptocurrency technology to unleash the true power of the cryptocurrency revolution," the top executive said.
Price Action: Shares of Robinhood soared 15.3% in after-hours trading after closing 4.82% higher at $55.91 during Wednesday's trading session.
The stock has a <a href="https://www.benzinga.com/quote/HOOD/analyst-ratings">consensus price target </a>of $44.63 based on 17 analyst ratings. The high of $65 was issued by Mizuho on Feb. 7, while the low of  $11 was issued by Barclays on Feb. 14, 2024.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43581896/analyst-who-nailed-2021-crypto-collapse-now-says-worst-of-bitcoin-could-come-in-next-few-weeks">Analyst Who Nailed 2021 Crypto Collapse Now Says Worst Of Bitcoin Could Come In Next Few Weeks</a></li>
</ul>

HOOD

Robinhood CEO Vlad Tenev Reveals What He's 'Most Excited' About As Crypto Revenue Skyrockets 8X, Stock Surges 15% After Hours

Leading cryptocurrencies gained on Wednesday, defying stock decline amid higher-than-expected inflation data.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+1.68%</td>
<td>$97,612.38</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+4.27%</td>
<td>$2,718.34</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+4.11%</td>
<td>$0.2628</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin sailed above $98,000, following a 31% jump in trading volume. The leading cryptocurrency has lost 4.46% of its value since February began, compared to an average monthly return of 14.11%.
Ethereum hit the upper reaches of $2,700 following a 4.27% increase in the last 24 hours. The second-largest cryptocurrency also recorded a 30% jump in trading volume.
In the past 24 hours, 137,999 traders were liquidated, with total liquidations at $308.36 million. More than $162 million was accounted for long liquidations.
Bitcoin's Open Interest rose by 0.84% in the last 24 hours. The long exposure fell sharply, with 58% of Binance futures traders betting on the cryptocurrency's increases, down from 69% a day ago.
Market sentiment remained in the "Neutral" zone, according to the Crypto Fear &amp; Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>PancakeSwap (CAKE)</td>
<td>+36.32%</td>
<td>$2.66</td>
</tr>
<tr>
<td>Onyxcoin (XCN)</td>
<td>+30.71%</td>
<td>$0.02474</td>
</tr>
<tr>
<td>Sonic (S)</td>
<td>+21.04%</td>
<td>$5486</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.23 trillion, gaining 2.47% in the last 24 hours.
Major stock indexes sank on Wednesday. The Dow Jones Industrial Average tumbled 225.09 points, or 0.50%, to close at 44,368.56. The S&amp;P 500 fell 0.27%, ending at 6,051.97. The tech-focused Nasdaq Composite reported a marginal gain of 0.03% to close at 19,649.95.
The decline followed the <a href="https://in.benzinga.com/news/25/02/43667632/inflation-rises-in-january-housing-costs-up-adding-to-consumers-2025-concerns">hotter-than-expected</a> January Consumer Price Index, adding to inflationary concerns. CPI rose 3% on a year-over-year basis in January, missing expectations of 2.9%
Investors priced in a 97% chance of the Federal Reserve keeping interest rates unchanged during the next meeting in March, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according </a>to the CME FedWatch tool.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular cryptocurrency analyst and trader Ali Martinez drew attention to a state of "anxiety" among Ethereum investors as the cryptocurrency struggled to reclaim $3,000.
"A decisive move above this level could restore confidence," the analyst predicted.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Investors are feeling &quot;anxious&quot; as <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> struggles to reclaim $3,000. A decisive move above this level could restore confidence! <a href="https://t.co/QxIRoakWZn">pic.twitter.com/QxIRoakWZn</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1889742265821655102?ref_src=twsrc%5Etfw">February 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Martinez described $97,800 as a key resistance level for Bitcoin, as about 119,400 BTC were accumulated at the level.
"The longer Bitcoin stays below this price, the more likely investors may look to exit to manage risk," he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">119,400 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> were accumulated at $97,800, making it a key resistance level. The longer <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> stays below this price, the more likely investors may look to exit to manage risk! <a href="https://t.co/beglMSSIC9">pic.twitter.com/beglMSSIC9</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1889706781888356568?ref_src=twsrc%5Etfw">February 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by CMP_NZ on Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43674050/us-releases-russian-bitcoin-exchange-co-founder-alexander-vinnik-in-prisoner-deal-with-moscow">US Releases Russian Bitcoin Exchange Co-Founder Alexander Vinnik In Prisoner Deal With Moscow</a></li>
</ul>

Bitcoin, Ethereum, Dogecoin Spike Amid Hotter-Than-Expected Inflation Numbers: ETH's Decisive Move Above $3,000 Could Restore Confidence, Says Analyst

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World's Lowest Fee Bitcoin and Ether ETPs (Ticker: BTC, Ticker: ETH) Garner $750,000,000 Inflows in First Three Months of Trading

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Grayscale Investments® Announces Intention to Effect Reverse Share Splits for Grayscale® Bitcoin Mini Trust ETF (Ticker: BTC) and Grayscale® Ethereum Mini Trust ETF (Ticker: ETH)

Grayscale Investments® Announces Completion of Reverse Share Splits for Grayscale® Bitcoin Mini Trust ETF (Ticker: BTC) and Grayscale® Ethereum Mini Trust ETF (Ticker: ETH)

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