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This Week’s Summary

• The crypto market ends the week at a total market capitalization of $3.15 trillion.
• Bitcoin dropped to around $95,000 this week.
• Ethereum is up by over 3% to trade at around $2,800.
• XRP is down by 8%, Solana by 12%, and Dogecoin by 10%.
• Almost all altcoins are trading in the red, with very few exceptions.
• The DeFi sector increased the total value of protocols (TVL) to around $110 billion.

Crypto Trends 17 – 23 Feb 2025: Market Analysis and Performance

The crypto market closed an uneventful week that brought insignificant movements. Most crypto assets dipped in value, albeit not by much. Generally, the market sentiment is slightly negative as most investors are still reeling from a period of extreme volatility. The market capitalization decreased by over $70 billion, reaching $3.15 trillion.

Bitcoin started the week with confidence, aiming for the much-coveted $100K level. Its trajectory was quite impressive, hinting at a massive push. Unfortunately, all hopes fizzled towards the weekend as the bears regained market control. The king of cryptocurrencies had to drop and settle for a modest $95,000 trading value.

Ethereum is among the very few cryptocurrencies trading in the green. The second crypto in command records a 3% value increase for the second week in a row. While the value boost is far from impressive, it shows that ETH still enjoys plenty of community support despite this uncertain period.

Altcoins & DeFi

Most altcoins are trading in the red, with very few exceptions. For example, XRP is down by 8%, taking its value to $2.56. Elsewhere, Cardano is down by 1%, Solana by 12%, BNB by 2%, Chainlink by 6%, Avalanche by 1%, Stellar by 4%, Litecoin by 3%, and Sui by 1%. On the other hand, TRON is up by 2%.

The memecoins are not faring better either. For instance, Dogecoin is down by 10%, Shiba Inu by 4%, and Pepecoin by 7%.

The Metaverse sector has also seen notable movements in the past week. For instance, Axie Infinity is down by 6%, Render by 8%, and Stacks by 2%. Moreover, Virtuals decreased by 8%, The Sandbox by 12%, Decentraland by 6%, and Floki by 1%.

The DeFi sector gained over $0.5 billion from the total value in locked protocols (TVL), which is now $110.64 billion.

Crypto Market Analysis – What’s in the News?

• The Securities and Exchange Commission has agreed to dismiss its case against cryptocurrency exchange Coinbase.
• Donald Trump has officially declared the end of Biden’s policies related to cryptocurrencies, ushering in a new era for the broad digital coins and assets industry.

Next Week’s Crypto Market Forecast

The crypto market still struggles with plenty of FUD, evident in the extreme volatility. The bears have taken control for now, but things could still change. While the market sentiment remains negative, there is hope that Bitcoin and the altcoins will find their way back trading into the green next week.

More By This Author:

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