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news-imageFebruary 9, 2025

Crypto Market Update: Bitcoin at $97K, XRP Surges 5%

The cryptocurrency market is seeing some significant movement today, with Bitcoin (BTC) bouncing back from a crucial support level and several altcoins experiencing notable gains. As the market gains liquidity, Bitcoin has surged to $97,125.77, while Ethereum (ETH) is trading at $2,669.98, and XRP has gained 5.05% to reach $2.49 in the past 24 hours.
Publisher: The Currency Analytics
Sentiment: Positive
BTC
XRP

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Positive
cover-imageCoinPedia
February 10, 2025

Strategy (MSTR) Bitcoin Purchase Surges Amid Institutional Crypto Adoption

Strategy (NASDAQ: MSTR), the world's first and largest Bitcoin (BTC) treasury company, announced the acquisition of about 7,633 Bitcoins between February 3 and 9th. The large-cap company, valued at over $84 billion, used the proceeds from the 516,413 million stock sale under the sales agreement for an aggregate value of $179 million.

Neutral
cover-imageBitcoin
February 10, 2025

XRP Price Analysis: Will Bulls Reclaim $2.50 or Is a Drop to $2.20 Inevitable?

XRP trades at $2.42, boasting a $139 billion market valuation and $4.87 billion in global daily transactions, oscillating between $2.32 and $2.45. This narrow band reflects equilibrium amid evolving market forces, with prices stabilizing after recent volatility. XRP XRP's hourly chart reveals horizontal equilibrium, bracketed by resistance at $2.45–$2.50 and support at $2.30–$2.35.

Negative
cover-imageTokenpost
February 10, 2025

Bitcoin Struggles to Outpace Gold Despite Institutional Growth

Bitcoin (BTC) has yet to break away from gold despite its increasing institutional adoption, according to veteran trader Peter Brandt. The leading cryptocurrency, often touted as digital gold, has not significantly outperformed the precious metal, a development Brandt called very surprising.

Positive
cover-imageCoinPedia
February 10, 2025

Nasdaq Pushes for CoinShares XRP ETF Approval

In a latest development, Nasdaq has officially submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the CoinShares XRP ETF Trust. Notably, the filing, submitted on February 10, represents a significant move toward institutional adoption of XRP.

Negative
cover-imageCrypto Economy
February 10, 2025

Tether CEO Addresses Quantum Computing Risks to Bitcoin Security

TL;DR Tether CEO highlights the long-term risks quantum computing could pose to Bitcoin's security, emphasizing that future advancements could enable the recovery of Bitcoin from lost or inactive wallets. The potential revival of Satoshi's dormant coins raises concerns about market stability, with analysts warning that reintroducing these coins could disrupt Bitcoin's supply dynamics.

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