Crypto Price Analysis 2-13: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, CARDANO: ADA, NEAR PROTOCOL: NEAR, APTOS: APT, JUPITER: JUP
The post Crypto Price Analysis 2-13: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, CARDANO: ADA, NEAR PROTOCOL: NEAR, APTOS: APT, JUPITER: JUP appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) recovered from a low of $94,106 on Wednesday to move to its current level of $96,628. BTC retreated below $95,000 after inflation data showed inflation had risen more than economists had predicted, rattling the crypto and traditional markets. The flagship currency is down over 1% during the current session as it struggles to reach $100,000. The crypto markets recovered after Donald Trump began negotiation calls with Russia’s Vladimir Putin and Ukraine’s Volodymyr Zelenskyy in an attempt to end the war between the two countries. Ethereum reclaimed the $2,700 level, up nearly 5%, as it inches towards $2,800. Ripple (XRP) continued its upward trajectory, up almost 3% and trading around $2.47. Solana (SOL) is marginally up as it struggles to reclaim $200, while Dogecoin (DOGE) is up nearly 4% and trading at $0.262. Cardano (ADA), Chainlink (LINK), Tron (TRX), Toncoin (TON), Shiba Inu (SHIB), Litecoin (LTC), Hedera (HBAR), and Polkadot (DOT) also registered substantial gains. The crypto market cap is up nearly 3% and currently sits at $3.22 trillion. What Happened To Altcoin Season? Bybit and Block Scholes, a London-based research firm, have published a report analyzing why the anticipated altcoin season is yet to take off. The report discussed previous cycles, highlighting that altcoins gained significantly thanks to massive price gains thanks to capital rotation with Bitcoin (BTC). However, the current cycle has been devoid of such movement despite BTC surging past $100,000 and setting a new all-time high of around $109,000. The report says several factors have led to the market’s current outlook. One key factor is that BTC’s halving event did not trigger the historical dip in BTC dominance. BTC’s dominance is still high despite its price struggles after setting a new all-time high, marking a departure from previous cycles. Altcoins have also not demonstrated the…
Filed under: News - @ February 15, 2025 10:25 am