Crypto News Today (Feb 24th, 2025): Bitcoin to Soon See More Accumulation
The cryptocurrency market fell slightly, with global market value falling 1.16% to $3.14 trillion. Despite the economic downturn, trade activity continued to surge, with the 24-hour volume increasing by 13.33% to $78.12 billion. The Fear and Greed Index is set at 40, indicating investor neutral sentiment.
Bitcoin fell to $95,000 amid growing institutional interests
Bitcoin’s price fell 0.93% and traded at $95,482.30. Its market cap remains strong, reaching $1.89 trillion, dominating 60.33%. BTC’s trading volume rose 28.65% to $21.24 billion, indicating that activity has been amplified.
Meanwhile, institutional interests are rising, and South Dakota and Utah are considering adding bitcoin to their national reserves. Additionally, Michael Saylor laughed at Microstrategy’s potential return to BTC acquisition, suggesting further impact on the market.
Interested in learning about BTC’s next price action? Read ours Bitcoin (BTC) Price Forecast 2025, 2026-2030Woolen cloth
Altcoins take a hit, Solana Leads drop
Ethereum fell to 1.97% to $2,715.53, while XRP and Solana’s sharper declines were 2.72% and 6.39%. Despite the large decline, trade volumes are still increasing, reflecting the ongoing interest of market participants.
Passionate about stacking some ETH before preseason? Check out our Ethereum (ETH) Price Forecast 2025, 2026-2030 For potential targets!
Top Profiter: Sonic Leads Small Cap Rally
- Sonic: +4.65% to $0.8438
- Kronos: +2.43% to $0.08727
- yes: +1.34% to $0.2758
Top Loser: Raydium sees steep autumn
- Raydium: -25.13% to $3.20
- story: -11.79% to $3.94
- Hype: -9.61% to $21.86
As the crypto market continues to grow, please subscribe to stay tuned for more updates.
FAQ
The Fear and Greed Index at 40 years old shows investors’ neutral sentiment.
Sonic, Cronos and SEI have the highest returns in the past 24 hours.
Yes, South Dakota and Utah are considering a bitcoin investment in their state reserves, with Michael Saylor hinting at the re-acquisition of MicroStrategy.
