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Sunday, February 23, 2025

Bitcoin (BTC) Consolidates at $97K, Official Trump (TRUMP) and Different Meme Cash Bleed Out Closely (Weekend Watch)

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The final 24 hours have been comparatively quiet for Bitcoin (BTC) and a number of the large-cap altcoins. The first cryptocurrency has proven very slight volatility, buying and selling at virtually the identical degree noticed yesterday (February 15).

Such is the case with lots of its largest rivals, together with Ethereum (ETH), Ripple (XRP), Solana (SOL), and extra. However, the meme coin sector has suffered substantial losses, with Official Trump (TRUMP) being among the many worst-affected property.

BTC Barely Strikes

The final enterprise week has been slightly turbulent for BTC, with its value fluctuating between underneath $95,000 and virtually $99,000.

Among the elements that contributed to the improved volatility embody Donald Trump’s intention to implement further tariffs on sure shares coming into the USA and the newest CPI knowledge launched by the US Bureau of Labor Statistics.

Nevertheless, the weekend has been calm thus far. BTC settled at round $97,500 on February 15 and within the following hours it consolidated at that degree. This represents a mere 0.5% on a weekly scale.

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BTC Worth, Supply: CoinMarketCap

The asset’s market capitalization stays unchanged at $1.93 trillion, whereas its dominance in opposition to the choice cash stays barely elevated to 59.8% (per CoinMarketCap’s knowledge).

How are the Alts Doing?

The general consolidation of the crypto market has unfold to a number of the hottest altcoins. Ethereum (ETH) has stabilized at roughly $2,700, Ripple (XRP) continues to commerce across the $2.80 mark, whereas Solana (SOL) hovers at roughly $195.

Nonetheless, there are some charting strong features. Litecoin (LTC) has pumped by 4% within the final 24 hours to a month-to-month excessive of over $135, whereas TRON (TRX) has climbed by 2.5% for that timeframe.

Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Hedera (HBAR), Hyperliquid (HYPE), and others have suffered minor declines.

In the meantime, the meme coin area of interest is roofed in purple at present. Official Trump (TRUMP) – the token launched by US President Donald Trump – has plummeted by 10% to the present $18.60. Dogecoin (DOGE), Shiba Inu (SHIB), Bonk Inu (BONK), dogwifhat (WIF), and lots of extra have additionally skilled losses.

The full cryptocurrency market capitalization at the moment stands at roughly $3.23 trillion, representing a 0.18% lower for the day.

Cryptocurrency Market Overview, Supply: QuantifyCrypto

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Disclaimer: Info discovered on CryptoPotato is these of writers quoted. It doesn’t symbolize the opinions of CryptoPotato on whether or not to purchase, promote, or maintain any investments. You’re suggested to conduct your personal analysis earlier than making any funding choices. Use supplied data at your personal threat. See Disclaimer for extra data.
Cryptocurrency charts by TradingView.

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