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BTC At $96K, ETH Jumps, Sonic Up 17%.

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Crypto prices on Tuesday have continued stirring up market uncertainty, mainly illustrating an extended sluggish performance. Bitcoin (BTC) price continues to hover around the $96K level on Feb 18, although Ethereum (ETH) gained slightly by 2%. Besides, XRP and Solana (SOL) prices dropped 2%-5% in the interim, solidifying investor uncertainty. Nevertheless, Sonic (S) emerged as the day’s top gainer, defying the broader turbulence.

Here’s a brief collection of some of the most trending coins for the day and how their prices are delivering in the market

Crypto Prices On Feb 18 Turbulent

Notably, the global cryptocurrency market cap was down by 0.26% from yesterday, reaching $3.18 trillion. This data indicated that the broader market faces some heat at the moment, primarily attributable to macroeconomic factors such as rising U.S. inflation and unchanged interest rates. However, the total market volume was up 56.04% to $94.67 billion intraday. Let’s dig deeper into the coins’ prices for today.

BTC & Leading Crypto Prices: Here’s All

After a notable sideways trading session, BTC price exchanged hands at $96,258, up marginally by 0.07% from yesterday. The coin’s intraday low and peak were $95,243.54 and $97,032.24, respectively. Bitcoin’s dominance was up 0.10% from yesterday, reaching 59.83%.

Simultaneously, ETH price gained roughly 2% in the past 24 hours and closed in at $2,712. The coin’s 24-hour low and high were $2,640.18 and $2,848.78, respectively.

Meanwhile, XRP’s price plunged nearly 2% intraday, reaching $2.66. The Ripple-backed asset’s 24-hour bottom and peak were $2.61 and $2.73, respectively. Notably, XRP’s price slips despite Ripple’s USD (RLUSD) stablecoin hitting a new milestone with 120 million tokens circulating in supply.

Also, SOL price dipped by 4.5% in the past 24 hours, reaching $177.96. Its intraday bottom and peak were $175.26 and $186.82, respectively. Notably, CoinGape reported that Solana’s price dipped amid bearish whale maneuvers, declining DEX volumes, and other stats indicating a loss of market confidence in the asset.

Top Crypto Gainer Prices Today

Sonic (S)

Price: $0.626
24-Hour Gains: +17%

Notably, Sonic’s price rises amid its TVL hitting a high of $426.66 million, signaling heightened market confidence in the asset.

Maker (MKR)

Price: $1,063
24-Hour Gains: +7%

MKR soars alongside a slight increase in its futures OI to $69.71 million.

Berachain (BERA)

Price: $5.98
24-Hour Gains: +6%

Notably, BERA’s price has shot up in tandem with a 23% increase in its futures OI to $144.29 million.

Top Crypto Loser Prices Today

Jito (JTO)

Price: $2.72
24-Hour Loss: -11%

OFFICIAL TRUMP (TRUMP)

Price: $17.25
24-Hour Loss: -8%

Jupiter (JUP)

Price: $0.7921
24-Hour Loss: -7%

Overall, despite the broader market turbulence, renowned crypto analyst Titan of Crypto took to X, projecting a bullish outlook for prices. “Alts are set to bounce soon, IMO,” the analyst claims, spotlighting historical charts. Traders and investors continue to monitor asset prices, expecting an optimistic trajectory shift shortly ahead.

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Source: Titan of Crypto, X

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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.





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Bybit CEO Labels Pi Network a Scam, Refuses To List Token

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February 20, 2025

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Amid increasing enthusiasm surrounding the Pi Network, Bybit CEO Ben Zhou labeled it a scam. Clarifying that Bybit has no plans to list the PI token, the Bybit CEO questioned the project’s legitimacy.

Meanwhile, the PI token’s value plummeted by over 55% in a single day, causing alarm among investors. Despite its initial popularity, the token’s downward spiral has raised concerns about its long-term viability.

Pi Network Is a Scam, Says Bybit CEO

Bybit CEO Ben Zhou has publicly voiced his skepticism about the Pi Network’s legitimacy, calling it a scam. In a recent X post, Zhou explicitly stated that Bybit will not list the PI token, reaffirming his doubts about its authenticity. He stated, “I still think you are a scam, and no , Bybit will not list scam.”

Referring to a 2021 warning from the People’s Government of Hengyang, Zhou pointed out that the Chinese Police deemed Pi Network as a scam targeting elderly folks. According to reports, the government has issued a warning against Pi Network’s alleged plans to misuse the public’s personal data to accumulate pension funds. The Bybit CEO added, “There are multiple other reports out there questioning the project legitimacy.”

Bybit Has No Plans to List PI Token

Reiterating his previous stance, Ben Zhou stated that Bybit is not listing the Pi token, due to scam concerns. In a previous post, he dismissed rumors of Bybit listing the Pi token, with a message in Chinese. The post is translated as,

A bunch of people asked me today if I wanted to list Pi. I said, ‘Stop being ridiculous.’ Back when I was trading forex, I was constantly confronted by middle-aged people demanding their hard-earned money back. I really don’t want to deal with that in the crypto space—so I’m keeping my distance. Thanks

In the recent thread, Zhou confirmed that Bybit hasn’t submitted a listing request for the PI token. He reiterated that allegations of PI turning down Bybit’s listing or failing the exchange’s KYB verification process are unfounded. Further questioning the project’s legitimacy, Zhou stated, “If the project is legitimate and straight up, then you should come forth and address these report so everyone can understand , but instead you choose to make up shit and do these childish attack with no ground.”

Notably, Binance is currently conducting a community poll to gauge interest in listing Pi. So far, the majority of voters are in favor of adding the coin to the platform.

PI Plummets: What’s Next?

Despite the initial hype, Pi Network’s PI token has plummeted by a massive 59.58% over the last 24 hours. However, traders remain optimistic about the token which is evident from the staggering 2833% surge in its trading volume.

At press time, the PI token is trading in the red zone, at a price of $0.7806, significantly down from the high of $1.99. However, driven by the initial parabolic uptrend, analysts remain bullish. As per Pi price prediction, the token is poised to hit $300 driven by potential listings by major exchanges.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

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.





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Trump’s Financial Empire Makes Waves with $10M WLFI, $125K SEI Buy

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1 hour ago

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February 20, 2025

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United States President Donald Trump’s World Liberty Financial announced another round of investments this week to further build its crypto portfolio. According to on-chain data, World Liberty Financial withdrew $10 million USDC from its Coinbase account to purchase 200 million WLFI tokens and another $12k to buy 547,990 SEI tokens, with an average price of $0.228.

Both transactions were recorded last February 20th, as reported by Onchain Lens. The crypto firm’s latest transaction coincided with the release of its macro strategy last February 12th.

Trump Family’s Foray Into Crypto Continues

World Liberty Financial is a crypto and DeFI project supported by the US President and some family members, including Donald Trump Jr., Eric Trump, and Barron Trump. It aims to strengthen the US dollar’s position in the highly competitive DeFi space.

According to company records, Trump and his associates control 60% of the WLF, which assigns them 75% control over the firm’s revenue and access to 22.5 billion tokens. Trump’s family also owns most of the Trump Media & Technology Group, which recently announced its shift to crypto after starting with financial services.

Total crypto market cap currently at $3.15 trillion. Chart: TradingView

WLF’s Macro Strategy – What We Know So Far

Last February 12th, Trump’s crypto company announced the creation of the Macro Strategy, a strategic token reserve that aims to boost its competitiveness in DeFi. In a Twitter/X post, WLF shared that this new project aims to enhance stability, foster growth, build trust, and promote strategic partnerships with financial institutions.

WLF recently received a boost from Tron’s Justin Sun, who invested at least $75 million in its native token, making him one of the most prominent investors. However, Sun’s entry into the company was criticized due to his alleged links with illegal financial activities. Aside from Sun’s investment, WLF has offered various deals to its investors, making it one of the biggest crypto launches to date.

WLF Continues To Boost Holdings, As Criticisms Start To Trickle In

WLF continues its expansion in the crypto market thanks to Trump’s backing and the entry of Sun. According to a BitMart Research report, as of February 9th, the company has sold $455 million worth of tokens. Trump’s crypto project generated $319 million from selling its 21.3 billion tokens at $0.015 each. And for its second round of sales, the company earned another $136 million.

However, WLF remains at the center of controversy due mainly to its links with the Trump family. According to some critics, Trump’s crypto project is self-serving and only benefits the president’s immediate family members and allies.

Featured image from ClutchPoints, chart from TradingView





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Atlanta Federal Reserve President Predicts Two Interest Rate Cuts in 2025

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2 hours ago

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February 20, 2025

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In a recent turn of events, Atlanta Federal Reserve President Raphael Bostic hinted at the Fed’s potential decisions on interest rates. According to the Federal Reserve President, the central bank may reduce interest rates twice in 2025. However, he expresses considerable uncertainty about the impact of President Donald Trump’s trade and migration policies.

Atlanta Federal Reserve President Comments on Interest Rate Cuts

According to a recent Reuters report, Raphael Bostic, the President of the Atlanta Federal Reserve, stated that the Fed will lower interest rates twice this year. However, adding uncertainty surrounding the expectations, he highlighted other major factors that could influence the Fed’s decision.

“While that’s my baseline expectation, there’s a lot that is going to happen that could influence that really in both directions,” posited Bostic. Further, citing potential changes in trade, immigration, energy, and fiscal policies, he added, “Right now, there is a lot of uncertainty about where some important factors are going to land.” Concluding his view, he added that his current outlook may likely change after six months.

Fed President’s View on Strong US Economy

Moreover, in an essay today, the Atlanta Federal Reserve President wrote about the central bank’s solid monetary policy and the country’s strong economy. According to Bostic, the current monetary policy is well-positioned.

Though he believes the US economy is strong, he doesn’t see the factors as a reason to relax. His statement highlights the uncertainty surrounding the new Trump administration’s policies and moves. His concerns suggest that heightened policy uncertainty could impact the labor market and inflation.

Federal Reserve’s Rate Cut and Jerome Powell’s Hawkish Stance

Following the Federal Reserve’s FOMC meeting at the end of January 2025, Chair Jerome Powell announced the bank’s decision to hold the interest rate unchanged at the 4.25%-4.5% level. The development initially sent the crypto market into a slump, but it has since staged a gradual recovery.

Later, on February 12, at his semi-annual monetary report, Powell shared a hawkish approach to interest cuts. He stated that the Fed sees no urgency in altering its policy as the economy remains strong. He added that the policy stance is “less restrictive” than before.

Inflation Deemed the Biggest Risk

The Atlanta Federal Reserve President considers inflation the biggest risk, despite its recent decline. With the risks to the Fed’s dual mandate now more balanced, he is increasingly focused on achieving 2% inflation without compromising labor market gains. Bostic stated,

I still think the biggest risk is inflation. As inflation has come way down, the risks to the mandates have come more into balance and so I’m more sensitive now to the possibility that we could get inflation at 2% without seeing a lot of damage in labor markets.

Nonetheless, the Federal Reserve’s next move remains unclear. At the same time, it remains uncertain how it will impact the crypto market. However, if the Fed maintains its hawkish stance, it could potentially trigger a bearish sentiment.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

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.





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