The Currency analytics
By James Thorp
Bitcoin fell hard Thursday. The world's biggest cryptocurrency couldn't break through $70,000 and now sits below $68,000, leaving traders scratching their heads about what comes…
The digital asset's market cap dropped to $1.355 trillion while its dominance slipped under 56.5%.
Ethereum can't get back above $2,000, which is kind of embarrassing for the second-biggest crypto. XRP took a 2.3% hit and dropped below $1.
Pi Network's PI token bucked the trend in a big way. The token jumped to nearly $0.18 after hitting an all-time low of $0.1312 last week.
STABLE surged 15% while M climbed 14%. NEXO gained 8%.
But the broader crypto market cap fell to $2.4 trillion, and major exchanges didn't comment on what might happen next.
Michael Saylor from MicroStrategy said on February 15 his company won't change its Bitcoin strategy despite current market conditions.
Binance reported higher trading volumes for altcoins like PI on February 16. A Binance spokesperson said: "We're seeing more interest in smaller market cap assets as traders look…
Grayscale kept its Bitcoin Trust holdings steady according to a February 14 statement. The firm manages billions in crypto assets and seems to be waiting to see what happens next.
The SEC hasn't issued new crypto guidelines, leaving traders in limbo. Their latest press release on February 17 didn't mention any upcoming changes to cryptocurrency regulations.
Coinbase saw a 20% jump in transactions involving smaller cryptocurrencies on February 16. The exchange said users are actively trading altcoins including PI as they search for…
Kraken announced plans to list more altcoins the same day. CEO Jesse Powell said: "We're prioritizing tokens with strong communities and real use cases.
Tether confirmed higher USDT issuance on February 15 as traders moved money into stablecoins.
Binance's February 17 report highlighted increased Asian trading volume, especially in altcoins like PI.
CoinShares reported $50 million in outflows from digital asset investment products last week.