Bitcoin and most altcoins bounced back on Friday as investors bought the dip after a report showed that consumer confidence had slumped. Ripple (XRP) price jumped by 4%, while Chainlink (LINK), Bonk (BONK), and JasmyCoin (JASMY) rose by over 5%.

LINK's daily chart shows that the asset has bounced above a key support at $12.70 and today's uptick has contributed to improving momentum indicators as the asset distances itself from this level.

Traders have little reason to go long, unless they are scalping, and can use the downtrend to look to sell.

Jito price remains in a deep bear market after falling by over 40% from its highest level in December last year. Jito (JTO), the biggest liquid staking and restaking network on Solana, was trading at $2.

TL;DR Jito has proposed a tokenomics model that includes token buybacks and fee redistribution to strengthen the ecosystem and increase JTO's value. New mechanisms like “Buyback and Barter” and “Real Yield Gauges” are introduced to optimize incentives for token holders. While not yet official, the proposal has sparked significant debate within the JitoDAO community.

Key Points:

The idea proposes structured decision-making framework that balances "recycling" and "rewards," shifting beyond passive accumulation.

Jito's Andrew Thurman proposes using protocol fees to potentially pay for JTO token buybacks that have been "bartered" with other DAOs.

A contributor to the forum of the Jito Foundation proposed potential mechanisms for revenue redistribution. The proposal caused whale buying and a JTO token rally to $2.62.

Jito (JTO) has faced increasing selling pressure, struggling to break above key resistance levels, and recently experienced a “death cross” on its exponential moving averages (EMAs). This technical formation signals a potential bearish trend, suggesting that JTO might face further downside.

Jito struggled to break key resistance levels while witnessing a death cross on the EMAs.

Despite the broader cryptocurrency market remaining bearish, several assets are witnessing increased capital inflows in the short term.

JasmyCoin (JASMY), a prominent player in the cryptocurrency market, recently experienced a notable rise in its price, gaining over 10% within a 24-hour span. However, despite this promising upward momentum, a combination of sell-offs by large investors and looming resistance levels has created significant concerns for those holding or looking to invest in the digital asset.

Despite a bullish move, the market isn't completely aligned yet.

Jito (JTO), a token developed within the Solana ecosystem, has been gaining attention due to its role in liquid staking and its growing adoption. As the Solana blockchain has faced challenges, Jito's unique features have positioned it as an essential player in the ecosystem.

JasmyCoin has created history with its mind blowing hold over the world. The financial system was revolutionized when JasmyCoin started climbing the ladder.

Cryptocurrency prices suffered a big dive this week costing investors billions of dollars. Bitcoin has retreated below $80,000, while the total market cap of all these coins plunged by 5.40% to $2.64 trillion. This means that crypto investors have lost almost $1 trillion in the past few months.

Cryptocurrency prices plunged on Tuesday, extending a downtrend that began in November last year. Bitcoin (BTC) fell below the critical support level of $89,220, reaching an intraday low of around $86,000.

Upbit announced the addition of JTO to its KRW market, with trading commencing at 14:30 local time, on Fenruary 21.

Earlier today, the cryptocurrency market witnessed a dramatic surge in the price of JTO, the native token of Jito, following the news that Upbit would list JTO for trading on its Korean won market at 14:30 KST.

JTO, the native token of Jito, has spiked 30% since Upbit announced it will be listing the Solana-based coin on Feb. 21 at 14:30 KST.

According to meeting notes published this past Friday, the discussion focused on how staking could benefit investors and strengthen blockchain security. The SEC is currently reviewing multiple proposals for Solana ETFs as asset managers rush to bring alternative crypto ETFs to market.

The newly established Crypto Task Force by the U.S. Securities and Exchange Commission (SEC) met with the CEOs of Jito Labs and Multicoin Capital, which has led to positive momentum for Jito's native token, JTO. The discussion during the meeting centered on the possibility of incorporating staking into crypto exchange-traded products (ETPs), which could have significant implications for the crypto industry.

The SEC's latest outreach programme is already having a significant impact on the markets.

The U.S. Securities and Exchange Commission (SEC) Crypto Task Force has begun considering whether staking should be allowed in crypto exchange-traded products (ETPs) after meeting with Jito Labs and Multicoin Capital on February 5, 2025.

Litecoin (LTC), Jito (JTO), and Bittensor (TAO) added between 17% and 22% to their values in the past seven days, according to CoinGecko data. Bitcoin's resilience and the market-wide recovery in crypto has paved the way for gains in altcoins.

The U.S. SEC reassessed its stance on crypto staking under former chair Gary Gensler, signaling willingly to include the feature in ETFs.

The SEC's engagement with crypto firms on staking in ETPs could reshape investment strategies and enhance blockchain network security. The post SEC's Crypto Task Force engages with Jito Labs, Multicoin Capital on staking for crypto ETPs appeared first on Crypto Briefing.

In a recent update, the U.S. Securities and Exchange Commission (SEC) recently met with Jito Labs and Multicoin Capital to explore an exciting possibility – adding staking to exchange-traded products (ETPs). This meeting is part of the SEC's ongoing push to shape a clear and structured regulatory framework for cryptocurrency investments.

The U.S. Securities and Exchange Commission (SEC) held a meeting with Jito Labs and Multicoin Capital to discuss the potential inclusion of staking in exchange-traded products (ETPs). This discussion was part of the SEC's ongoing efforts to establish a clear regulatory framework for cryptocurrency investment products.

Jito Labs and Multicoin Capital argue staking would benefit investors and bolster the security of the underlying blockchain.

Jito (JTO), the liquid staking protocol on the Solana (SOL) network, has recently seen a notable surge in price, driven by an increase in network activity and technical momentum. The coin broke above the crucial $2.90 resistance level, signaling a potential for continued upward movement.

Solana-based liquid staking protocol Jito thrives amidst the prevailing broad market uncertainty. JTO has recorded price surges with increased network activity, confirming a flourishing ecosystem. The altcoin trades at $3.11. Notably, the latest surge propelled JTO past a key descending wedge pattern.

Jito breaks out of a falling wedge, confirming a bullish breakout as Open Interest rises by 6.46% on major exchanges.

Crypto prices bounced back this week even after the US published strong inflation data, raising concerns that the Federal Reserve will maintain higher interest rates for longer. Bitcoin price held steady above the support at $96,000, while the total market cap of all coins jumped to over $3.2 trillion.

Jasmy Coin price continued its downward trend this week as the crypto fear and greed index fell to 35, reflecting increased market uncertainty. The JasmyCoin (JASMY) retreated to $0.021, marking a 63% decline from its December high.

Jito (JTO) has garnered attention in the crypto market, especially after its role in the Solana blockchain's liquid staking ecosystem. The coin's price has seen a range of fluctuations, with analysts predicting a notable rise in value in the coming years.

Jasmy price has pulled back in the last two months, falling by over 60% from its November highs. It still continues having bearish pressure as investors remain fearful to buy the dip, causing a series of lower lows.

Altcoins like Floki, AAVE, Jasmy, and ApeCoin are seeing increased whale activity as volatility in the crypto industry rises. Floki (FLOKI), a popular meme coin, saw its whale activity increase by 286% in the last seven days.

Cardano has been a popular cryptocurrency with over $15.6 billion in staked volume and millions of holders. Yet ADA has been a laggard in the crypto industry, with its price being 76% below its all-time high, and its ecosystem lagging that of other layer-1 blockchains.

Here is how some of your favorite assets concluded the week.

Cryptocurrency prices are crashing, with the total market capitalization of all coins falling by nearly 4% to under $3.6 trillion.

JasmyCoin (JASMY) is generating a lot of buzz in the cryptocurrency market after a significant price rally in the past 24 hours. The digital asset surged by 26%, accompanied by a dramatic increase in trading volume, which high by 440% to a total of $525.23 million.

JasmyCoin (JASMY) has been making headlines in the cryptocurrency market with an impressive 30% price surge in a single day, marking a remarkable turnaround for the IoT-based token. As of today, JASMY is trading at $0.0377, with a significant increase in its 24-hour trading volume, which reached $515.98 million.

JASMY is on the verge of establishing a new high following weeks of decline.

The cryptocurrency market on January 31, 2025, experienced a slight correction, with the total market capitalization dropping by 1.8% to $3.69 trillion. Despite this pullback, the market remained quite active, with 24-hour trading volume reaching $116.99 billion.

JasmyCoin (JASMY) price has risen 14% in the last seven days, and its market cap is approaching $1.6 billion. The recent rally has been fueled by multiple golden crosses, signaling strong bullish momentum, while the Ichimoku Cloud setup remains positive.