Market Update

The flexibility of the encryption market amid weekend fluctuations Flash news details

On February 17, 2025, the cryptocurrency market witnessed great fluctuations after the weekend of intensive commercial activity. According to Coinmarketcap data, Bitcoin (BTC) witnessed a sharp decrease of 7.2 % from $ 54.320 at 08:00 UTC on February 15 to $ 50,400 by 20:00 UTC on February 16, 2025 (Source: Coinmarketca). ETHEREUM (ETH) followed its example, as it decreased by 6.5 % from $ 3200 to $ 2,990 during the same period (Source: CoinmarketCap). The total market value of encrypted currencies has decreased from $ 1.8 trillion to $ 1.65 trillion (Source: Coinmarketca). The trading volume increased, as BTC/USD witnessed a 24 -hour increase in size by 45 % to 42 billion dollars at 18:00 UAE time on February 16, 2025 (Source: Coingecko). Likewise, the size of the ETH/USD increased by 38 % to $ 18 billion (Source: Coingecko). This increase in size indicates an increase in market participation and liquidity during the sale, indicating that traders were actively responding to market conditions (Source: TradingView).

Trading effects of market movements this week are important for traders. The sharp decline in BTC and ETH prices has the effect of a chain across other major encrypted currencies. For example, Binance Coin (BNB) decreased by 8.1 % from $ 400 to $ 367.60 between 08:00 UTC on February 15 and 20:00 UTC on February 16, 2025 (Source: Coinmarketca). Cardano (ADA) also decreased by 9.2 % from $ 0.70 to $ 0.635 during the same time frame (Source: Coinmarketca). The growing trading volume, especially in BTC and ETH, indicates that traders were either getting profits or reducing losses, which indicates the presence of the morale of the descending market. The scales on the series increase this, with the Bitcoin Fear and Greed index decreased from 50 to 35 between February 15 and February 16, 2025 (Source: Alternative.me). In addition, the value of the network value to the NVTCOIN (NVCOIN) has increased from 45 to 55, indicating an increase in the potential value of the transaction activity (Source: Glassnode).

From the perspective of technical analysis, Bitcoin price procedures erupted on February 16, 2025, from the level of decisive support of $ 52,000, which has been being held since January 2025 (Source: TradingView). The RSI (RSI) index of BTC has decreased from 60 to 35, indicating that the original may enter the excessive region (Source: TradingView). The ETHEREUM dictation indicators also decreased from 55 to 30 during the same period (Source: Tradingview). The moving average was violated for 50 days for BTC and ETH, with BTC move from $ 53,000 to $ 50,000 and ETH from $ 3100 to $ 2950 (Source: TradingView). The trading volume of BTC/USD and ETH/USD remained high, with BTC/USD size $ 42 billion and ETH/USD worth $ 18 billion as of 20:00 UTC on February 16, 2025 (Source: Coingecko). These technical indicators and sized data indicate that the market is in a declining stage, with the possibility of more negative side if the support levels persist.

In the context of developments related to the prosecution, no specific news was reported during the weekend, which directly affected the encryption market. However, the general feelings about artificial intelligence techniques continue to influence the symbols associated with the Acting. For example, distinctive symbols such as Singularity (AGIX) and Fetch.ai (Fet) have seen a slight decrease in value, as AGIX decreased by 5.5 % from $ 0.45 to $ 0.425 and Fet fell 4.8 % from $ 0.50 to $ 0.476 between 08: 00 UTC on February 15 and 20:00 UTC on February 16, 2025 (Source: Coinmarketca). The relationship between artificial intelligence symbols and major cryptocurrencies such as BTC and ETH remains clear, as it follows Agix and Fet towards the broader market. The trading volume of artificial intelligence symbols has seen a modest increase, as AGIX/USD volume increases by 15 % to $ 20 million and Fet/USD size by 12 % to $ 15 million during the same period (Source: Coingecko). This indicates that although artificial intelligence symbols are not immune to market sales, their trading volumes indicate continuing attention from investors. Monitoring trading strategies that are driven by artificial intelligence can provide an insight into possible trading opportunities in the artificial intelligence/encryption, especially if new techniques or partnerships of artificial intelligence are announced in the near future.

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