2025-2-18 08:39 |
The cryptocurrency market remained volatile on February 18, with Bitcoin (BTC) trading near $96,000, while Ethereum (ETH) gained 2%.
However, XRP and Solana (SOL) saw losses, reflecting ongoing investor uncertainty.
Despite the choppy movement, Sonic (S) emerged as the top performer, surging 17% in the past 24 hours.
The broader crypto market continues to face pressure from rising US inflation and unchanged interest rates, which have kept investors cautious.
However, a spike in trading volume suggests heightened market activity, with some assets seeing increased demand.
The global crypto market cap declined by 0.26% from the previous day, settling at $3.18 trillion.
The downturn reflects broader macroeconomic concerns, particularly in the US monetary policy outlook.
Despite this, market participation increased, with total crypto trading volume soaring 56.04% to $94.67 billion in the last 24 hours.
Bitcoin remains stable, Ethereum edges higherBitcoin (BTC): BTC traded at $95,858, up 0.12% from yesterday. The leading cryptocurrency recorded a daily low of $95,243 and a high of $97,032. Meanwhile, Bitcoin’s market dominance increased slightly to 59.83%, indicating relative strength in the market.Ethereum (ETH): ETH saw a 2% gain, climbing to $2,712, with a 24-hour high of $2,848. Investors seem to be accumulating ETH ahead of potential network upgrades and broader market movements.
XRP: Despite positive developments from Ripple’s USD-backed stablecoin (RLUSD), which hit a 120 million token supply milestone, XRP’s price fell 2% to $2.66. The token traded between $2.61 and $2.73 in the past 24 hours.
Solana (SOL): The SOL price dropped 4.5% to $177.96, amid bearish whale activity and declining DEX trading volumes. Solana’s price action suggests waning investor confidence, leading to short-term selling pressure.Top crypto gainers today
Source: CoinMarketCap
Sonic (S) – up 17%Price: $0.626 Key Driver: Sonic’s total value locked (TVL) hit $426.66 million, signaling increasing market confidence.Maker (MKR) – up 7%Price: $1,063 Key Driver: A rise in futures open interest (OI) to $69.71 million boosted investor sentiment.Berachain (BERA) – up 6%Price: $5.98 Key Driver: A 23% surge in futures OI to $144.29 million drove bullish momentum.With Bitcoin consolidating near $96K and altcoins seeing mixed action, traders remain cautious about short-term movements.
Macroeconomic concerns, regulatory developments, and institutional inflows will likely shape the market’s next move.
Will BTC break above $97K, or is a pullback looming? Stay tuned for more updates.
The post Crypto market update, Feb 18: Bitcoin steadies at $96K, Sonic rallies 17%, Solana stumbles appeared first on Invezz
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