INSUBCONTINENT EXCLUSIVE:
On the morning of February 12, 2025, the cryptocurrency market finds itself navigating turbulent waters
The global market capitalization has dipped to $3.15 trillion, reflecting a 2.87% decline over the past 24 hours.This downturn follows
risk assets, including cryptocurrencies.Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Litecoin (LTC) all experienced notable price
$95,883 this morning, marking a 0.73% recovery from its intraday low of $94,875 but still down from its recent highs near $98,000
The asset saw $44 million in liquidations over the past 24 hours as traders struggled to find direction amid growing uncertainty.Ethereum
Solana dropped to $194.36, weighed down by concerns over an impending $3 billion token unlock, while Litecoin slid to $116.46 after
profit-taking erased gains from recent ETF-related optimism.Crypto Markets Waver as Bitcoin Dips Below $95,000 Amid Hawkish Fed Signals
(Photo Internet reproduction)This market turbulence comes at a critical juncture as investors brace for the release of U.S
Consumer Price Index (CPI) and Producer Price Index (PPI) data later today
exceeds expectations, cryptocurrencies could face further downward pressure as higher rates make risk assets less attractive
Despite the bearish sentiment, trading volumes across the market surged by 8% to reach $105.57 billion in the past day, signaling heightened
dominance remains elevated at 60%, reflecting its status as a relative safe haven within the volatile crypto space
However, this dominance has also limited gains in altcoins, many of which are struggling to find momentum.Market participants are closely
monitoring technical indicators for signs of stabilization or further declines
Bitcoin faces critical support at $94,000 and resistance near $100,000; a break below support could trigger a slide toward $91,000.Ethereum
risks falling to its next support level at $2,200 if selling pressure persists
relief.Institutional activity continues to shape market dynamics
Bitcoin ETFs recorded net outflows of $56.76 million yesterday, extending a two-day streak of withdrawals totaling $186.28 million.In
contrast, Ethereum ETFs saw modest inflows of $12.58 million, suggesting selective interest among institutional investors
assets.Industry leaders offered mixed assessments of the current landscape
Sathvik Vishwanath of Unocoin noted that technical indicators point to potential resistance for Bitcoin near $100K but warned that bearish
U.S.-backed Strategic Bitcoin Reserve as a long-term bullish factor for crypto markets.As traders await key inflation data and assess
While short-term volatility dominates headlines, long-term narratives around institutional adoption and regulatory clarity continue to
underpin optimism for digital assets.For now, however, caution prevails as investors navigate an increasingly complex macroeconomic
