#FTXrepayment Crypto News Today
Solana's price dropped 5% on February 17, 2025, reaching its lowest level in a
month as excitement over a potential ETF faded. Additionally, Bitcoin's price
fell below $96,000, while major altcoins continued to decline ahead of
the market opening.
Solana (SOL): SOL dropped 5% to $181, marking its lowest intraday level in
weeks.
The ETF buzz that briefly lifted SOL above $200 did not generate enough
momentum to sustain further gains, leading to a decline in price.
Bitcoin (BTC):
Bitcoin's price fell below $96,000 during early Asian trading sessions,
reflecting a broader bearish sentiment in the crypto market.
Crypto ETFs:
Two Bitcoin ETFs, iShares Bitcoin ETF ($IBIT) and another unnamed ETF,
have been launched to provide easier access for investors to Bitcoin, with the
iShares ETF backed by BlackRock and Coinbase.
Javier Milei:
The Argentine president stumbled into a crypto memecoin scandal before his
US trip, directing followers to a site that purported to raise money for small
businesses using crypto, which later collapsed.
Michael Saylor:
Michael Saylor, a prominent Bitcoin investor, predicted that MicroStrategy’s
market cap could hit $10 trillion if Bitcoin reaches $13 million.
XRP (Ripple):
Long-term critics of XRP are now projecting an optimistic outlook for the
coin, with one predicting an 883% price surge to $24, causing reactions
from the XRP community.
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