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Crypto Market Today (12th Feb, 2025): Bitcoin Holds $95K, FTX Leads Gainers with 5% Surge
The cryptocurrency market has taken a turn south today, with the market capitalization dipping by 2.89% to $3.13 trillion. However, this decline did not deter Bitcoin from holding its ground firmly at the $95K level.
At the same time, it appears that whales are taking short positions in anticipation of further drops, which is reflected in their cautious approach towards the market. Despite these short positions, the overall sentiment continues to be dominated by fear and uncertainty.
Ethereum and Solana have taken a hit today, with Ethereum’s price falling by 3.75% to $2,604.56 and Solana dropping by 4.38% to $195.51. XRP also suffered losses, declining by 3.48% to $2.41.
On the other hand, FTX Token saw a significant surge of 5.11%, followed closely by Sonic’s impressive gain of 2.96%. Monero also made headlines with an increase of 1.76%.
Meanwhile, ENA took a massive hit, plummeting by 11.58% to $0.4356, while CRV and TIA also faced double-digit declines.
As the market continues to navigate uncharted territory, many traders are questioning the sustainability of this downward trend.
Source: coinpedia.org
