Market Overview: Bitcoin is dropping, the market is full of uncertainty - webmekong

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lunes, 10 de febrero de 2025

Market Overview: Bitcoin is dropping, the market is full of uncertainty

Bitcoin (BTC) Again, he weakened in the last day, this time about half a percent. Yesterday reached a short moment of $ 99,000, but subsequently fell below $ 96,000 at night. Currently holding over $97 000which loses more than 6 %in the last week.

Ethereum (ETH) It has lost 4 %over the last 24 hours. Despite the fact that yesterday got under the price $2700now it crossed it again. However, it is more than 15 %in a minus in the weekly evaluation.

The declining trend is evident by the IU Solany (Sol) and dogecoin (DOGE) with a 4 % decline, while Cardano (ADA), Chainlink (Link) and Avalanche (Avax) decreased by 5 %. There were more similar decreases in the altcoin space.

Fear and Greed index moves on value 44 pointswhich means a neutral zone, but approaching a zone of fear. The current phase of the bitcoin cycle could be in the long run of opportunities to buy.

ETF funds in the cryptosphere

Bitcoin ETF Funds In the US, they recorded a decline on Thursday when a total of $ 140 million. This loss was mainly from Fidelity funds ($ 103 million) and Grayscale, while other funds remained unchanged.

The current weekly development of the Bitcoin ETF funds is thus approaching zero point, and today’s day will be decisive.

Ethereum ETF Funds reported yesterday a slight increase in $ 10,7 millionand this amount headed exclusively to the Blackrock fund. This fund was the only one to notice a positive change.

AI tokens: a dramatic loss of value

Tokens focused on artificial intelligence (AI) lost up to 90 % of their value from the peaks of 2024. Projects like Ai Rig Complex (ARC), Elizaos (ai16z) of virtuals (virtual) They recorded a significant decline in market capitalization by 75 % to 90 %, as Caintelegraph states.

The total capitalization of the AI ​​agent has decreased from more than $ 10 billion to approximately $ 6 billion.

This decrease is also the growing popularity of Trump memecoin, which was launched in January 2025 reached a market capitalization of $ 80 billion and has taken liquidity from other projects.

Close future of spot Solan ETF

The Securities and Stock Exchange Commission (SEC) in the US has taken an important step to approval the spot ETF for Solan (Sol) by making recognized Grayscale’s modified request.

This is the first time that the approval of a similar ETF is considered, which experts evaluate as an «new land» after a change in the SEC leadership. Previously, attempts were rejected as Sol was considered an unregistered security.

Final decision October 11, 2025 is expected to apply Grayscale, while several other companies such as 21shares, Bitwis and Vaneck have submitted for ETF on Solan, XRP and Dogecoin.

Currently there is a 40% chance of approval of Solan ETF by the end of July, with 85% probabilities for this year.

After Bitcoin ETF and Ethereum ETF, according to analysts, ETF for Litecoin (LTC), whose request is already investigating SEC, could probably come.

Franklin Templeton is heading for the cryptotrhrh

The Franklin Templeton administration company asked for approval Multi-string ETF Fund called Franklin Crypto Index ETFthat will include Bitcoin (BTC) a Ether (ETH).

The fund should be traded on the CBOE BZX and its weighing according to the market capitalization of these assets (currently 86.31 % BTC and 13.69 % ETH) would be updated quarterly.

Other cryptocurrencies such as Solana, Avalanche or Cardano could join the fund later. This step Franklin Templeton follows a recent similar application from Bitwise.

IPO Exchange Gemini in Plan

The founders of the Gemini cryptoburity, the Tyler brothers and Cameron Winklevoss, are considering the introduction of this stock exchange platform this year through IPO.

According to Bloomberg of February 6, Gemini is negotiating with potential advisors, but the definitive decision has not yet been made. The Exchange considered the IPO already in 2021 and monitors the market conditions whether this step is suitable.

Coinbase remains the only publicly traded cryptoburs in the US.

Attempting to hide cryptocurrencies did not pay off

The Firos Patel, the founder of the Canadian Payza Kryptplatby, received another three and a half years in prison for hiding a 450 BTC, which was to be handed over after conviction for money laundering.

Judge Dabney Friedrich in Washington DC gave him 41 months of prison for obstructing court proceedings.

Patella in 2020 He admitted to the operation of an unregistered Payza payment servicewhich processed cryptators without a license and served fraudsters, including pyramid games.

Sources: Author, Coingecko, X, Farside, Cointelegraph

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