Altcoin
BTC Touches $93K Low, Altcoins Tumble In Sync
Crypto prices today (February 19): Bitcoin (BTC) and leading altcoins prices again encountered a severe waning action recently, generating investor apprehensiveness across the broader landscape. BTC price dipped to touch a $93K low intraday, whereas Ethereum (ETH), Solana (SOL), and XRP prices cracked 1%-6% during the same period. Notably, the bearish momentum in the market is primarily attributable to a couple of risk factors, encompassing macroeconomic heat and other market statistics that are reducing investor appetite.
Here’s a brief report on some of the most buzzworthy coins for the day and the latest updates within the market that rationalize a bearish movement.
Crypto Prices Today Wane Alarmingly: Here’s Why
According to a recent CoinGape report, trade war speculations continue to rise as Donald Trump eyes new import tariffs. As a result, global markets took a hit, with risk assets like crypto facing severe heat amid investor uncertainty surrounding the sector’s outlook ahead.
Moreover, the U.S. Fed’s hawkish stance on monetary policies, signaling no rate cuts any time soon, has added to market concerns. Reportedly, traders anticipate only one Fed rate cut this year, further bringing heat to cryptocurrency prices. It’s worth mentioning that the digital assets sector recorded $348.88 million liquidated in the past 24 hours, per Coinglass data, aligning with the abovementioned factors causing market turmoil.
BTC Price Hits $93K Low Amid Crypto Market Heat
As of press time, BTC price traded at $95,659, down by 1% over the past day. The flagship coin swooped to a $93K low in the past 24 hours. This dipping trajectory aligns with $100.46 million worth of liquidations in the Bitcoin market, per Coinglass data. However, the coin’s dominance remained up by 0.47% from yesterday to 60.30%, signaling altcoins took more blows.
ETH Price Slips 1%
ETH price saw a slight fall of 1% over the past day, reaching $2,688. The coin’s 24-hour low and high were $2,606.90 and $2,730.28, respectively. Ethereum recorded $50.84 million worth of liquidations over the past 24 hours. Nevertheless, the crypto’s market dominance remained at 10.3%.
XRP Price Drops 4%
Ripple Labs-backed XRP price tanked by 4% intraday and is currently sitting at $2.55. The coin’s 24-hour low and high were $2.47 and $2.66, respectively. XRP’s fall aligns with $11.51 million worth of liquidations in the Ripple market intraday. However, it’s also worth mentioning that the U.S. SEC acknowledged Bitwise’s XRP ETF recently, glimmering hope for future prospects.
Solana Price Slumps 6%
SOL price crashed 6% from yesterday to reach $167, aligning with the broader market trend. Its bottom and peak in the last 24 hours were $161.31 and $177.94, respectively. Solana recorded a notable $36.77 million liquidated over the past day.
Meme Crypto Prices Today Mimic Broader Trend
Simultaneously, DOGE price was down over 2% today, trading at $0.2516. The meme coin saw $9.08 million liquidated over the past day, rationalizing a waning movement in sync with the broader market.
Similarly, SHIB price plunged by over 3% intraday and stood at $0.0000152. Also, PEPE and TRUMP prices cracked nearly 6%, closing in at $0.000009283 and $16.29, respectively.
Top Gainer Crypto Prices Today
However, some tokens have defied the broader market downtrend and hovered into the green zone on February 19.
Maker (MKR)
Price: $1,186.27
24-Hour Gains: +12%
Notably, MKR defies the broader market sentiment, seeing heightened investor interest, as flagged by a 33.72% spike in its futures OI to $93.07 million today.
Berachain (BERA)
Price: $6.44
24-Hour Gains: +8%
Similarly, BERA’s futures OI jumped over 2% to reach $146.53 million despite the recent investor uncertainty surrounding risk assets.
Litecoin (LTC)
Price: $133.09
24-Hour Gains: +7%
LTC saw a nearly 13% spike in its futures OI to $851.41 million, underscoring rising market interest amid soaring bets of a Litecoin ETF launch shortly ahead.
Top Loser Crypto Prices Today
Virtuals Protocol (VIRTUAL)
Price: $0.9898
24-Hour Loss: -14%
Ethena (ENA)
Price: $0.4196
24-Hour Loss: -11%
Raydium (RAY)
Price: $4.20
24-Hour Loss: -10%
Despite the broader waning price actions today, market watchers eagerly await a bounce back to previous levels. Meanwhile, BTC price gained by 0.02% within the hourly time frame, whereas ETH slipped by 0.01% within the same duration, indicating that further volatility may be expected as the day longs.
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.
Litecoin (LTC) price has showcased an interesting bearish trend after a positive early start to the week. For Litecoin, bears are derailing its growth, suffering a rejection as it attempted to break the resistance level at $130. From the current outlook, Litecoin is the only coin in the top 20 with a negative price action.
Litecoin Price Trend: The Reversal
At the time of writing, LTC price was changing hands for $128.70, down 4.60% in 24 hours. Amid its erratic price action, the coin traded from a low of $126.31 to a high of $136.59. From this daily high figure, LTC has maintained a steady slump before maintaining balance at the current level.
It is not unusual for Litecoin to face roadblocks at the $130 level. In the past 7 days, the coin has only managed to breach this level twice, and each time, it is often accompanied by a sharp drop within 24 hours. The sentiment around Litecoin is high, a trend that suggests the latest drop is a momentary cool-off.
The Bitcoin fork has permanently maintained a positive outlook in the past year. LTC price is up 5.91% in the past 30 days and has maintained a 43.43% surge over the past 3 months. The Year-to-Date (YTD) gain comes in at 22.43%. In an earlier LTC price analysis, the coin jumped over 70% as the broader market suffered intense liquidation.
Litecoin Technicals Shows Rebound is Imminent
The solo Litecoin price reversal creates a new opportunity for the coin. With trading volume dropping by 28.74%, the odds appeared stacked against LTC. However, that ironically sets the coin up for a massive rebound.
The LTC/USDT 4h chart flashes a Relative Strength Index (RSI) of 56, above the neutral range. The coin’s price also trades above the 50-day Moving Average, indicating it is still better off at its current level.
Litecoin’s profitability remains high at over 74%, with approximately 56.75 million LTC in profit. This implies that there is no urgent reason to sell off, proving that the current drawdown came from short-term traders selling.
The Litecoin ETF Advantage
Amid the ongoing selloff, the LTC investors remain optimistic that the coin’s price will sustain its current growth outlook. The potential approval of a spot Litecoin ETF product by the US SEC has fueled its over 5% rally over the past month.
According to earlier reports, Bloomberg ETF Senior Analysts Eric Balchunas and James Seyffart issued 90% approval odds for LTC ETF, which is higher than any of its rivals. This projection, backed by Polymarket forecasts, has helped validate the Litecoin price rally and future outlook.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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.
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.
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.
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.
A multisig wallet created by #Trump‘s World Liberty Finance (@worldlibertyfi) has withdrew $10M $USDC from #Coinbase to buy 200M $WLFI.
They also spent $125k $USDC to buy 547,990 $SEI at an average price of $0.228.
MultiSig Wallet: 0x64bcb62afee4712bb6ecf7673ee3cfe6e2e133e8… pic.twitter.com/w4Luz8NIuR
— Onchain Lens (@OnchainLens) February 20, 2025
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.
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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