The crypto market experienced a 1.32% decline today, bringing the total market cap to $3.19 trillion. Meanwhile, 24-hour trading volume dropped 2.83% to $61.3 billion. The market downturn also impacted sentiment, with the Fear & Greed Index falling to 38 (Fear), signaling weaker investor confidence.
📌 Bitcoin Holds Around $96,000 Amid Sideways Trading
Bitcoin (BTC) is currently trading sideways, down 1.32% in the past 24 hours, with a market cap of $1.90 trillion. Despite short-term pressure, institutional demand remains strong.
🔹 Japanese Investment Firm Metaplanet Expands BTC Holdings
Metaplanet announced plans to increase its BTC holdings from 1,762 to 10,000 BTC by the end of 2025. The company has raised $26.1 million to support this strategy, reinforcing institutional confidence in Bitcoin’s long-term growth.
💡 Curious about BTC’s future? Check out our Bitcoin price predictions for 2025-2030!
📌 Solana (SOL) Hits Key Support as Selling Pressure Mounts
🔻 Solana (SOL) plunged 6.18% in the last 24 hours, approaching the critical $181 support level. A breakdown could lead to further declines, while a successful bounce might spark a recovery.
🔻 Ethereum (ETH) & XRP Also Decline
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ETH is down 1.40%, currently trading at $2,660.60.
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XRP dropped 3.55%, reflecting broader market weakness.
💡 Thinking about buying SOL on the dip? Check out our Solana price forecast for potential targets!
📌 FTX to Begin Repayments on Feb 18
A major development in the crypto space is FTX’s plan to repay creditors with claims under $50,000. Payments will be processed through BitGo and Kraken, potentially boosting investor sentiment in the coming days.
📌 Crypto Market FAQ
🔹 Why is Solana dropping?
SOL is facing heavy selling pressure, nearing its $181 support level amid market volatility.
🔹 What is Metaplanet’s Bitcoin strategy?
The firm has raised $26.1 million and aims to hold 10,000 BTC by 2025, reinforcing its long-term bullish stance.
🔹 When will FTX begin creditor repayments?
FTX will start repaying claims under $50,000 on Feb 18, 2025, using BitGo and Kraken as payment processors.
📌 Stay tuned for more crypto market updates! 🚀
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