Bitcoin Bounces Back: Is This the Start of a Crypto Comeback? 🚀

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Ah, the crypto market on February 20, a day that will live in infamy—or at least in the annals of digital currency history. After what can only be described as a spectacular bloodbath that left many investors gasping for air, Bitcoin (BTC) has decided to play the hero, reclaiming its throne above $97K. Meanwhile, altcoins are doing their best impression of a synchronized swimming team, all trading in the green zone, despite a staggering $300 million being liquidated yesterday. Talk about a rollercoaster ride! 🎢

Crypto Market Today Reflects Optimism As BTC, ETH, XRP Soar

In a stunning turn of events, BTC, ETH, XRP, and SOL have all decided to rise like bread in a warm oven, with gains ranging from 1% to 6% during the early hours of Thursday in Asia. The global crypto market cap has also perked up, showing a 1.71% increase to a whopping $3.2 trillion. Yes, you read that right—trillion with a ‘T’. đź’°

However, before you start popping the champagne, the total market volume took a nosedive, plummeting by 24.43% to $82.89 billion. It seems like the market is playing a game of “let’s see how low we can go.” Let’s dive into the juicy details of some of the buzzworthy coins and the latest updates for today:

BTC Price Regains Hold Above $97K

As of this very moment, the BTC price chart is looking rather chipper, showing a 1.5% increase, reaching $97,090. The flagship crypto hit a low of $95,019.07 and a high of $97,364.05 intraday. Interestingly, this surge coincides with a new Bitcoin reserve bill unveiled by Montana’s House Business and Labor Committee. Who knew Montana was so hip to crypto? However, BTC’s dominance has slipped a tad by 0.17% to 60.12%, suggesting that altcoins are flexing their muscles a bit more today.

ETH Price Gains 2% Mirroring Crypto Market Trend

Ethereum, the second most popular kid on the block, has also decided to join the party, gaining just over 2% today and reaching $2,742. Its intraday low and high were $2,666.39 and $2,750.38, respectively. Ethereum is riding high on bullish market support, with CoinGape recently reporting that exchange-held ETH has hit a record low at 6.38%. Meanwhile, whales are out there scooping up $2.5 billion worth of tokens like they’re at a clearance sale, indicating a rally might just be around the corner.

XRP Price Surges 6%

In a move that has left many scratching their heads, XRP has surged by over 6% today, trading at $2.70. The coin’s 24-hour low and high were $2.52 and $2.74, respectively. This Ripple-backed asset is riding the wave of speculation that the XRP lawsuit against the U.S. SEC might be coming to a halt. And just when you thought the SEC was all doom and gloom, they acknowledged WisdomTree’s Spot XRP ETF filing, adding a sprinkle of optimism to the mix. XRP futures OI is up by nearly 7% today to $4.09 billion. Who knew legal drama could be so profitable?

SOL Price Up 4%

Solana (SOL) is also basking in the glow of gains, witnessing a 4% increase today, closing in at $174. The coin hit a low of $163.96 and a high of $174.12 in the past 24 hours. Solana is rising despite the ongoing meme coin panic on the network, which is like trying to stay calm while a circus is happening around you. 🎪

Meme Crypto Market Gains Parallelly

Meanwhile, in the whimsical world of meme coins, DOGE has seen a nearly 2% increase today, reaching $0.2567. SHIB has gained nearly 3%, reaching $0.00001559. And let’s not forget PEPE & TRUMP, which have surged 3-5%, closing in at $0.000009595 and $17.10, respectively. It seems the meme coin market is flexing its muscles right alongside the broader crypto market trend. Who knew memes could be so lucrative?

Crypto Market Gainers Today

Story (IP)

Price: $2.89
24-Hour Gains: +35%

Aptos (APT)

Price: $6.95
24-Hour Gains: +20%

Bittensor (TAO)

Price: $445.86
24-Hour Gains: +20%

Crypto Market Losers Today

Movement (MOVE)

Price: $0.4844
24-Hour Loss: -5%

Toncoin (TON)

Price: $3.58
24-Hour Loss: -2%

Bitget Token (BGB)

Price: $4.80
24-Hour Loss: -2%

In summary, traders and investors are clinging to optimism like a life raft in a stormy sea, despite the macroeconomic heat. BTC, ETH, SOL, and XRP are all trading in the green zone, suggesting that further gains might be on the horizon. Meanwhile, the market is buzzing with rumors of Donald Trump looking to abolish capital gains tax on BTC, as revealed by the ever-reliable “Ash Crypto” on X. Market watchers are on the edge of their seats, waiting for further details and an official confirmation, which could either make or break the current market state. Stay tuned, folks! 🍿

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2025-02-20 08:08