TV news today (February 05, 2025): Bitcoin decreases to 98 thousand dollars in the new SEC business squad
The cryptocurrency market witnessed a sharp decrease today, as the maximum global market decreased by 2.84 % to $ 3.22 trillion. The trading volume also got a major blow, as it decreased by 24.46 % to 193.73 billion dollars. Fear & Greed is 38 years old, which reflects neutral feelings among investors.
SEC Checks Square to focus on organizational clarity
SEC Hester Pierce Commissioner announced on February 4 the formation of a coding workplace. The new initiative aims to simplify organizational guidelines, improve control, and provide clearer frameworks for encryption. The move comes at a time when the encryption industry is facing the increasing scrutiny of organizers all over the world.
Bitcoin faces market pressure, drops to 98 thousand dollars
Bitcoin price has decreased by 2.52 % in the past 24 hours, as it settled at 98,206.16 dollars. Despite the decrease, the dominance of Bitcoin market increased to 60.40 %, indicating a potential trip to safety amid uncertainty in the broader market. The trading volume of 24 hours of BTC decreased by 12.95 % to 72.89 billion dollars, indicating a slowdown in the activity.
Read with us Bitcoin predicts 2025, 2026-2030 To take a peek at the future BTC prices.
XRP network prevents the network losses?
XRP suffered from a sharp decrease in the main cryptocurrency, as it decreased by 7.32 % last day. The recession follows the network for an unexpected hour, causing uncertainty among investors.
Read also with us Prediction at XRP 2025, 2026-2030 To find out where XRP goes after that!
Altcoins shows a mixed performance
The price of ETHEREUM decreased by 2.57 % to $ 2,734.07, while Solana decreased by 3.37 % to $ 208.08. The recession in the total market weighs on Altcoins, with a few projects that show positive momentum.
The best winners
- Melania: +15.44 % to $ 1.69
- Penguin: +5.21 % to 0.01361 dollars
- but: +3.16 % to $ 3.67
The best losers
- Ena: -10.20 % to 0.5957 dollars
- cup: 7.34 % to 0.09812 dollars
- Aero: –7.32 % to 0.8948 dollars
Common questions
Bitcoin faces downside, as it decreased by 2.52 % in 24 hours, although its hegemony increased to 60.40 %.
XRP has a 7.32 % loss in the wake of the unexpected network stopping for one hour, which raised concerns among investors.
The newly formed SEC Crafts Square, led by Commissioner Hyster Peres, aims to provide clearer organizational guidelines for the encrypted currency market.
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