Top Crypto Token Price For Today, Feb 17th

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Divya Sinha
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XRP Price Speculators Must Clear This $300M Bearish Hurdle to Reclaim $3.1 in March 2025

Ripple (XRP) price stabilized above the $2.10 mark on March 9 as the broader crypto market experienced renewed selling pressure following the latest U.S. Non-Farm Payrolls (NFP) report. The latest XRP liquidation data reveals a crucial bearish leverage cluster that could determine the next major price move. Ripple (XRP) Stabilizes Above $2 as Markets Brace for Further Outflows Ripple (XRP) price found strong support at the $2 level despite a sharp sell-off over the weekend. XRP traded as low as $2.08 on Sunday, marking a 22% decline in just 48 hours. However, bullish traders made a concerted effort to prevent a deeper breakdown, with XRP rebounding to $2.17 at the time of writing. XRP Price Action The broader crypto market has been weighed down by capital outflows following the U.S. NFP report . With bond yields climbing and inflation concerns resurfacing, risk assets like XRP continue to face macroeconomic headwinds. The 10-year U.S. Treasury yield surged to 4.3%, its highest ...

CBOE Files For Staking In Fidelity’s Ethereum ETF

After nearly a year since its launch, Fidelity’s Ethereum ETF could feature staking capabilities for investors following a fresh SEC filing. Cboe BZX Exchange is seeking to amend the wording in a move that could see investors earn additional rewards from staking activities. Fresh Filing To Include Staking In Fidelity’s Ethereum ETF Cboe BZX Exchange has filed a proposal with the US Securities and Exchange Commission (SEC) to amend the Fidelity Ethereum ETF. According to the filing , the move seeks to introduce ETH staking in the fund, allowing investors to reap additional rewards. A community reading of the documents reveals that Cboe BZX is seeking the elimination of a clause that specifically bars staking in the ETH. Under the new proposal, Cboe BZX Exchange wants the SEC to approve staking functionalities under certain guidelines. “The Sponsor may stake, or cause to be staked, all or a portion of the Trust’s ether through one or more trusted staking providers,” read the filing....

Here’s Why Investors Are Revenge Shorting This Meme Coin Even After 30% Crash

Meme coins have been the biggest victim of the recent crypto market downtrend after their total market cap dropped by more than $10 billion in just one week. Usually, such dips present an opportunity for traders to enter long positions if the downtrend shows signs of exhaustion. However, this has not been the case with the SPX6900 (SPX) meme coin, as traders have rapidly opened short positions despite a 30% crash. Why? Let’s explore. Investors Increase Short Positions on SPX Meme Coin In most cases, after a crypto market crash and possible seller exhaustion, prices tend to rebound as traders accumulate the dip. However, according to Coinglass, traders anticipate that SPX is yet to find a local bottom despite the price falling by 30%. The SPX meme coin has seen a rapid surge in short positions. In fact, the token has the largest number of newly opened short positions in the last 24 hours. Open interest rose by 81% as traders increased their bets that the meme coin price would...

Pro XRP Lawyer Outlines Reasons To Accumulate Despite Crypto Market Crash

Pro XRP lawyer John Deaton wants financial advisors to push their clients toward cryptocurrency accumulations. Deaton cites a fast-changing regulatory landscape and rising institutional investment as potential reasons for prices to spike after the crypto market crash. Financial Advisors Should Tell Clients To Invest In Digital Assets, Says Pro XRP Lawyer After a largely positive week for cryptocurrencies, John Deaton says financial advisors have to tell clients to rethink their investment strategies. The pro XRP lawyer noted on X (formerly Twitter) that investors should earmark a portion of their funds for cryptocurrencies. “If you’re a Financial Advisor, how are you not negligent, or even reckless, to not advise your clients to have, at least, a small percentage of your investments in Bitcoin and/or other digital asset,” said Deaton. The pro XRP lawyer argues that times are changing for the cryptocurrency industry with President Donald Trump calling the shots. He notes that two ...

Bolivia Turns to Crypto Payments for Fuel Imports Amid Economic Struggles

The Bolivia’s state energy firm, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) plans to adopt crypto payments for the procurement of fuels as the country faces acute shortage of the foreign currency and fuel supply. officials of the company recently stated that the government of the country had endorsed the use of digital assets in the purchase of fuel thus changing its stance on cross border operations. Bolivia Approves Crypto Payments for Fuel Amid Economic Challenges As per the latest information, YPFB has developed a system to carry out crypto transaction on imported fuel. This, the company said, will assist in solving the scarcity of the US dollars that has occasioned the challenge of fuel importation in the country. A spokesperson for YPFB confirmed that while crypto transactions had been approved, the firm had not yet initiated any purchases using digital currencies. However, the plan is expected to be implemented soon to support the country’s fuel subsidy programs. ...

Why Is The Bitcoin Price Falling Today?

Bitcoin price has left several investors scratching their heads after the asset dipped below $84,000. Following a wave of bullish fundamentals in the past week, Bitcoin’s recent price action pales in comparison to the projections mooted by analysts after the signing of the Strategic Bitcoin Reserve. Bitcoin Price Falls Below $84,000 Amid Lacklustre On-chain Indicators The largest cryptocurrency by market capitalization has shed nearly 4% of its value over the last day. At the moment, the Bitcoin price is hanging onto $83,000 with on-chain indicators painting a grim picture for the asset. Bitcoin’s seven-day chart confirms a 3.37% decline while daily trading volumes are down by a staggering 53%. Alongside the falling metrics, Bitcoin whales are scooping coins en masse, racking up over 22,000 BTC in three days. The recent decline in Bitcoin price follows a bullish week capped by the signing of an executive order for a Strategic Bitcoin Reserve . A Crypto Summit at the White House a...

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