Bitcoin, Ethereum, XRP, Dogecoin Continue Slow Walk Up

Author: Khyathi Dalal | February 20, 2025 03:17pm

Cryptocurrency markets remain bullish on Thursday, fueled by optimism over potential altcoin ETFs.

Cryptocurrency	Price	Gains +/-
Bitcoin (CRYPTO: BTC)	$98,414.37	+2.6%
Ethereum (CRYPTO: ETH)	$2,753.73	+1.7%
Solana (CRYPTO: SOL)	$174.54	+3.5%
XRP (CRYPTO: XRP)	$2.71	+1.9%
Dogecoin (CRYPTO: DOGE)	$0.2543	+1.1%
Shiba Inu (CRYPTO: SHIB)	$0.00001555	+1.7%

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 8.6% and daily active addresses falling by 11.6%. Transactions greater than $100,000 are down from 10,134 to 9,587 in a single day. Exchanges netflows are up by 583.7%.
• Coinglass data reports 94,182 traders were liquidated in the past 24 hours for $166.31 million.
• Crypto chart analyst Ali Martinez stated that $13.5 billion left the cryptocurrency market in the past week, reflecting a decline in capital inflows.

Notable Developments:

• SEC Scales Back Crypto Enforcement, Expands Focus To Cyber Fraud
• Bitcoin, Ethereum Face Downside Risk As Institutional Demand Fades, JPMorgan Says
• Vitalik Buterin Criticizes Blockchain ‘Casinos,’ Suggests Ethereum Won’t Follow Solana’s Approach To Meme Coins
• Studying Bitcoin Will Strengthen Us, Czech Central Bank Governor Says
• Nigeria Hits Binance With $81 Billion Lawsuit Alleging Economic Damages And Unpaid Taxes

Top Gainers:

Cryptocurrency	Price	Gains +/-
Story (CRYPTO: IP)	$3.83	+43.2%
Pyth Network (CRYPTO: PYTH)	$0.2572	+26.2%
Berachain (CRYPTO: BERA)	$8.13	+24.9%

Trader Notes: With Bitcoin heading towards $100,000, crypto trader Kevin noted that it's tough to be bearish on the BTC chart.

Hard to be bearish on this chart folks – #BTC vs S&P pic.twitter.com/CjPWIV5xlT

— Kevin (@Kev_Capital_TA) February 20, 2025

Crypto trader Mayne highlighted key levels: Bitcoin above $99,500 and Ethereum above $2,850 as crucial for a potential mean reversion move.

Meanwhile, trader CJ is watching for a reaction at $98,826 and looking to buy dips around $96,000–$96,500, expecting a setup toward $105,000.

Network Economist Timothy Peterson emphasized Bitcoin cycle timing: in a bull market period of 9 months, traders can expect to double money, with an average annualized return of 152%. In a bear market of 34 months, returns slow significantly with an average annualized return of 28%, making the doubling time much longer.

Read Next: 

• Bitcoin Down 6% Over The Past Month: Why Is BTC Not Going Up?

Image: Shutterstock

Posted In: $BTC $DOGE $ETH $MKR $PYTH $SHIB $SOL $XRP