Altcoin
BTC Dips To $95K, Altcoins On Edge Ahead Of Key Economic Data
Crypto prices on Wednesday have again fueled bearish sentiments among investors as the broader market took a severe hit following Federal Reserve Chair Jerome Powell’s recent testimony. Bitcoin (BTC) price again swooped to a $95K low, whereas altcoins such as Ethereum (ETH), XRP, and Solana (SOL) mimicked a dipping trajectory. Meanwhile, market participants remain cautious as the U.S. CPI and PPI data are set to be released shortly ahead.
Crypto Prices On Feb 12: Here’s All To Know
Against the backdrop of broader trends, the global cryptocurrency market cap slipped by 1.82% in the past 24 hours, reaching $3.14 trillion. However, the total market volume increased by 8% intraday, reaching $105.57 billion.
As mentioned above, the crypto market slumped as Jerome Powell’s testimony before the Senate Banking Committee reflected a hawkish stance on policies. In turn, risk assets such as crypto are under the heat, facing immense selling pressure. Notably, nearly $240 million was recorded to have been liquidated across the market in the past 24 hours as an aftermath.
BTC Price Wanes To $95K Amid Broader Crypto Market Flux
As of press time, BTC price tanked over 2% to reach $95,389. The flagship crypto’s 24-hour low and high were $94,875.04 and $98,492.90, respectively. Bitcoin’s dominance dropped 0.08% from yesterday, resting at 60.37%. Further, the coin saw nearly $44 million worth of liquidations in the past 24 hours, per Coinglass data.
ETH Price Dips In Sync
ETH price fell by 3.5% intraday and is now sitting at $2,592. The coin’s 24-hour low and high were $2,565.40 and $2,724.90, respectively. Ethereum’s waning action falls in line with the broader trend, further accompanied by $30.23 million worth of liquidations in the past 24 hours.
XRP Price Slips 2%
Simultaneously, XRP price’s intraday chart showcased a 2% decline in value, with the asset now resting at $2.39. Its intraday bottom and peak were $2.38 and $2.53, respectively. The Ripple-backed asset recorded liquidations worth $6.05 million in the past 24 hours.
SOL Price Loses 3%
Also, SOL price cracked slightly over 3% in the past 24 hours and is now trading at $194.61. The coin’s intraday low and high were $194.23 and $205.92, respectively.
Meme Crypto Prices In The Red
Additionally, Dogecoin (DOGE) price saw a 2.5% decline intraday, now at $0.2512. Further, Shiba Inu (SHIB) price also fell 2% to reach $0.00001561 despite rising SHIB whale activity. Even PEPE, TRUMP, and BONK lost alarming values over the past day, dropping 2%-6%.
Looming US CPI & PPI Data Sparks Uncertainty
Further, key macroeconomic data such as the U.S. CPI & PPI are set to be released shortly ahead. With Powell already hinting at a hawkish stance on monetary policies, market watchers expect the CPI & PPI to contribute to the pressure on risk assets due to inflationary pressures.
The data, set to be released on February 12 and 13, has further kept investors cautious. Nevertheless, some tokens have defied the current volatile trend, trading dominantly in the green.
Top Crypto Gainer Prices Today
Virtuals Protocol (VIRTUAL)
Price: $1.33
24-Hour Gains: +5%
Sonic (S)
Price: $0.4666
24-Hour Gains: +5%
FTX Token (FTT)
Price: $2.02
24-Hour Gains: +5%
Top Crypto Loser Prices Today
Onyxcoin (XCN)
Price: $0.02112
24-Hour Loss: -9%
Ethena (ENA)
Price: $0.4337
24-Hour Loss: -9%
JasmyCoin (JASMY)
Price: $0.02185
24-Hour Loss: -6%
Overall, the current market scenario remains volatile, primarily attributable to macroeconomic developments. Traders and investors continue to thoroughly monitor the crypto market for further price action shifts.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The dynamic realm of cryptocurrencies is preparing for yet another alarming event that could bring considerable downside pressure to BERA, SEI, AVAX, APT, SAND, STRK, ATH, and XCN tokens. Notably, recent market data flags that the abovementioned assets are preparing for massive token unlocks totaling a staggering $325 million. As a result, traders and investors expect severe price volatility ahead, primarily as the assets’ circulating supply remains poised to increase amid a broader crypto market slump.
Here’s Why BERA, SEI, AVAX, & 5 Other Crypto Could See Price Volatility Ahead
According to the latest data by SosoValue, a whopping $324.92 million worth of ‘token unlocks’ remain poised to present the tokens with bearish dynamics this month. For context, token unlock refers to the phenomenon where previously locked tokens are periodically released in the market.
These unlocks in turn increase the assets’ market supply, a concerning factor for prices amid an ongoing crypto market slump. Let’s delve deeper into the latest unlocks and how the cryptocurrencies’ prices are reacting to this event.
Berachain (BERA)
BERA witnessed an unlock of $76.19 million worth of tokens on February 10, raising concerns among investors globally. Primarily, as the unlock equaled 12.08% of the supply, the asset’s market dynamics took a hit. Berachain price dropped over 6% intraday and is now resting at $5.50. Its 24-hour low and high were $5.40 and $6, respectively.
Sei
The layer 1 crypto stands primed to witness an unlock of $12.72 million worth of tokens on February 15. Notably, the unlock, worth 1.25% of supply, remains bearishly eyed by market participants. SEI price today tanked 6.5% intraday the past 24 hours, reaching $0.2270. The coin’s intraday low and high were $0.2245 and $0.2425, respectively.
Avalanche
Avalanche is poised to witness an unlock of $41.74 million worth of tokens on February 16. The unlock, worth 0.40% of the supply, is extensively eyed by investors. AVAX price dropped 6.5% in the past 24 hours, reaching $25.02. The coin’s intraday bottom and peak were $24.87 and $26.69, respectively.
Aptos
Apart from BERA, Aptos witnessed an unlock of $66.28 million worth of tokens on February 10. This unlock was equivalent to 1.97% of the supply, a concerning cause for market participants. APT price plunged 4.5% over the past day and is currently sitting at $5.94. The coin’s intraday low and peak were $5.82 and $6.22, respectively.
Aethir
Aethir faces an unlock of $24.51 million worth of tokens on February 12. This unlock totaled 10.21% of the supply. Simultaneously, ATH price cracked 4% in the past 24 hours, reaching $0.03738. The coin’s intraday bottom and high were $0.03709 and $0.03909, respectively.
The Sandbox
The Sandbox is set to face an unlock of $80.20 million worth of tokens on February 14. The unlock totals 8.41% of the supply. In turn, SAND price tanked by 6% intraday and is now trading at $0.3823. The 24-hour bottom and peak were $0.3772 and $0.407, respectively.
Starknet
Starknet faces heat as $15.55 million worth of token unlock is to take place on February 15. The unlock equals 2.48% of the supply. STRK price waned by over 5% in the past 24 hours, reaching $0.2390. The intraday low and high were $0.2322 and $0.2533, respectively.
Onyxcoin
Onyxcoin is to face an unlock of $7.73 million worth of tokens on February 15. This unlock is equivalent to 0.91% of the circulating supply. XCN price dropped over 10% intraday, reaching $0.02086. The coin’s 24-hour low and high were $0.01887 and $0.02363, respectively.
Overall, in light of the abovementioned token unlocks, traders and investors anticipate price volatility in BERA, SEI, AVAX, and other tokens ahead.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The United States Agency for International Development (USAID) is under fire right now as US President Donald Trump and his adviser, Elon Musk, implement their bureaucratic cost-cutting campaign.
According to reports, many projects risk losing funding and support, and thousands of jobs now hang in the balance. However, USAID’s problems don’t end here; the agency is also facing criticism from the crypto community over its alleged questionable funding of a book linking Bitcoin to right-wing extremism.
The latest personality to target the agency is Cardano’s founder, Charles Hoskinson, who says that it’s funding projects to portray cryptocurrency as a tool for “right-wing extremism.”
Hoskinson shared his thoughts on USAID’s possible role, describing the current situation as “garbage” and admitting that he’s frustrated with the stream of online misinformation going on these days.
USAID’s Funding In The Spotlight
Hoskinson’s tirade against the agency stemmed from a post made by WikiLeaks on February 10th. According to the post, David Golumbia, the author of “Cyberlibertarianism: The Right Wing Politics of Digital Technology,” received around $80,000 in government grants.
Golumbia was also the author of “The Politics of Bitcoin: Software as Right-Wing Extremism.”
So apparently, USAID is funding the production of propaganda that says Bitcoin is right-wing extremism.
I’m so done with this garbage https://t.co/hG9ViJiW0A
— Charles Hoskinson (@IOHK_Charles) February 10, 2025
These books, purportedly funded by USAID, found links between Bitcoin and right-wing ideologies. The books are now a reading list for college classes at Duke University and the University of Southern California.
Some critics immediately pounced on these revelations from WikiLeaks, questioning whether these institutions had fact-checked these books before seeing print.
Hoskinson Condemns Negative Propaganda Vs. Bitcoin
Hoskison is one of the key personalities who has been defending Bitcoin and blockchain technology against negative propaganda. He explains that Bitcoin works as a decentralized financial system and doesn’t fit into any specific political system. He blasted USAID for implying that Bitcoin is a tool for right-wing extremism, calling it “a garbage argument.”
BTCUSD trading at $97,797 on the daily chart: TradingView.com
Other Bitcoin and blockchain supporters have consistently offered counterarguments, saying that propaganda aims to promote economic freedom and financial inclusion. Many crypto supporters say that propaganda belittles the contributions of decentralized technologies like Bitcoin.
BTC Price Remains Shaky
Like USAID, Bitcoin has been in the limelight lately, continuing its sideways price movements near the $100k level. The top digital asset trades above $97k, displaying its resilience amid the political noise and economic policy shifts.
Based on current market dynamics, it seems that market participants are again waiting for another set of drivers that can push the flagship crypto’s price above $100k.
Also, other countries are pushing for crypto regulations and creation of reserves. Recently, Japan announced that it’s tweaking its regulations, with plans to classify cryptocurrency assets as financial products.
Featured image from Gemini Imagen, chart from TradingView
The Dogecoin price is ready to hit new all-time highs, as a crypto analyst has projected a surge above $1 by March. The analyst’s technical analysis of Dogecoin using Fibonacci time zones suggests that the next few months could be a pivotal period for investors and DOGE holders, with March shaping up as an ideal time to capitalize on potential gains.
Dogecoin Price To Rally Above $1 In March
Chandler, a crypto analyst on X (formerly Twitter), has shared a technical analysis of Dogecoin using Fibonacci time zones and retracement levels to predict its next movements. These time zones, indicated by the vertical lines on the chart, mark significant intervals based on Fibonacci ratios. They are often used to determine potential areas where price reversals or significant swings may occur.
The analyst pointed to the 0.236 Fibonacci time zone, noting that Dogecoin has historically shown strong bullish moves after crossing this line, typically reaching a peak within one to two weeks. Based on this recurring pattern, Chandler predicts Dogecoin will break past this time zone around March 24, 2025. He suggests that the price could reclaim its previous $0.73 ATH and break above the $1 mark for the first time.
Chandler’s chart shows key Fibonacci retracement levels that indicate support and resistance zones for DOGE. The 0.236, 0.382, and 0.618 are key levels where the Dogecoin price trends to retrace before embarking on a bullish continuation. The 1.00 Fibonacci indicates an all-time high level where strong resistance is typically found. Additionally, the 0.236 and 0.382 Fib levels are targets for the third higher high during bullish phases.
In the price chart, the 1st, 2nd, and 3rd higher highs mark bull market phases where DOGE consistently made new highs. While Chandler projects that Dogecoin could hit its highest market price above $1, he also anticipates that reaching this milestone would trigger a major bearish shift in the market, resulting in significant sell-offs.
Why March Could Be The Best Time To Sell
Despite predicting a rally above $1 for the Dogecoin price, Chandler also warns of an impending bear market later in the year. The analyst believes that by October 10, 2025, Dogecoin could crash to new lows from its projected ATH. He forecasts that the meme coin will initiate this price decline once it reaches the 0.382 Fibonacci time zone. This threshold has historically marked the beginning of significant downtrends and volatility for Dogecoin.
Chandler’s analysis indicates that the window between March and April could be the best time for investors to sell their DOGE holdings. This timeframe aligns with the analyst’s $1 price projection for DOGE, suggesting a strategy of selling at price peaks to minimize potential losses during the anticipated bear market phase that may follow.
Featured image from Adobe Stock, chart from Tradingview.com
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