Cryptocurrency Market Update - February 20, 2025
| Cryptocurrency | Price (USD) | 24h Change (%) | Market Cap (USD) |
|---|---|---|---|
| Bitcoin (BTC) | $97,245.00 | +1.45% | $1.82 Trillion |
| Ethereum (ETH) | $2,733.84 | +1.66% | $328 Billion |
| BNB (BNB) | $649.50 | -0.07% | $102 Billion |
| Cardano (ADA) | $0.786739 | +4.42% | $25 Billion |
| Solana (SOL) | $173.07 | +2.62% | $55 Billion |
MicroStrategy Raises $2 Billion for Bitcoin Purchases
MicroStrategy Inc., now operating as Strategy, announced it has raised $2 billion through zero-coupon convertible bonds to fund further Bitcoin acquisitions. This move aligns with the company's plan to issue $21 billion each in equity and fixed-income instruments over the next three years.
XRP Price Surges Amid ETF Approval Speculations
The price of XRP surged by over 5% to $2.71 due to expectations that a spot exchange-traded fund (ETF) tracking the cryptocurrency may soon begin trading in Brazil. This significant increase is part of XRP's broader rise of 350% over the past six months.
Innovations Expected to Turbo-Charge Crypto ETF Industry
The launch of Bitcoin exchange-traded funds (ETFs) in the US has been a tremendous success, with assets reaching $120 billion just over a year after their debut. Industry experts anticipate further growth, driven by innovations such as index-based approaches and the introduction of spot cryptocurrency index ETFs.
Bitcoin's Price Stability Amid Market Volatility
Bitcoin rose Thursday as the world's largest cryptocurrency looked to fight back from its recent slump despite the stock market moving lower. The digital asset has been unusually subdued in recent weeks, indicating a phase of market consolidation and uncertainty influenced by macroeconomic concerns.
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