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BTC/USD traded near 78,900.00 early Wednesday after briefly breaking above 81,000.00 for the first time since May. The price later slipped below 78,000.00 following the release of US inflation data. Bitcoin is still up approximately 24–25% since the beginning of August, with the monthly range extending from 62,232.00 to 81,142.00.
A new compromise in the White House revives hopes for the passage of a crypto law. Will the market maintain its upward trend?
This week, the SOL/USD pair has resumed a moderate decline within a long-term downtrend and is trading near 82.40, pressured by geopolitical and trade-related uncertainty as well as expectations that current U.S. monetary policy will remain in place for an extended period. The situation in the Middle East remains tense: while U.S.–Iran talks on a nuclear deal have shown some progress, a formal agreement is unlikely in the near term. Moreover, as the White House increases its military presence around the Islamic republic, the risk of a direct confrontation is rising. In this environment, investors continue to favor safe-haven assets—primarily gold—while viewing cryptocurrencies as an unreliable store of value.
During the Asian session, the XRP/USD pair remains within a long-term downtrend, forming a corresponding descending channel. Over the weekend, prices attempted a corrective move and tested the upper boundary at 1.6420 (61.8% Fibonacci retracement) but failed to break higher and gave back part of the gains, stabilizing near 1.4800.
The ETH/USD pair remains within a medium-term downtrend, forming a corresponding descending channel: in the middle of last month, prices reached its upper boundary at 3353.00 but failed to break higher and moved into a correction, during which they fell to the October 2023 lows near 1746.00.
Hong Kong has added another operator to its regulated crypto register, expanding a market regulators have spent years shaping into a predictable, compliance-first ecosystem. Victory Fintech Company Limited has joined the roster after securing a VDX Virtual Asset License, bringing its trading platform under the oversight of the Securities and Futures Commission (SFC).
The cryptocurrency market remains in a consolidation phase. Bitcoin closed on Monday, February 16, at $68,716. At the time of writing, BTC is trading around $68,245.
Last week, the BTC/USD pair declined toward the 65,050.00 level, then recovered its losses, rising to 70,000.00, but has since returned to negative momentum under pressure from monetary factors.
The cryptocurrency market started the week on a weak note, with prices led by Bitcoin continuing to decline, aside from a few isolated exceptions.
After a corrective rebound over the weekend, most major cryptocurrencies have resumed their decline, approaching yearly lows. BTC is trading around 66,500.00 (–5.6%), ETH near 1,950.00 (–6.8%), USDT around 1.0001 (+0.05%), XRP—having regained fourth place by market capitalization—near 1.3500 (–5.4%), and BNB around 600.00 (–6.5%). Total market capitalization stands at $2.28 trillion, while Bitcoin’s dominance has slipped to 58.1%. At the same time, Bitcoin ETFs recorded net inflows of $35.1 million over three sessions, whereas Ethereum ETFs saw outflows totaling $171.4 million over four days.
Before new all-time highs come back into view, investors will likely have to pass through a “valley of tears.” Where are the new buying zones for Bitcoin and Ethereum now?
SOL/USD has resumed its decline within a long-term downtrend after an extended consolidation inside the 150.00–125.00 range and is now moving lower along its upper boundary. The price is approaching the 75.00 level (Murray [2/8]), which was unsuccessfully tested a week earlier. A confirmed break below this mark would open the way toward 50.00 (Murray [0/8]) and 25.00 (Murray [-2/8]). For bulls, the key resistance zone lies at 107.40–112.50 (Fibonacci 61.8% retracement, Murray [4/8], middle Bollinger Band). A breakout above this area would signal a stronger upside recovery toward 150.00 (Murray [8/8]) and 175.00 (Murray [+2/8]).
The XRP/USD pair remains within a long-term, устойчив downward trend. An attempt at corrective growth at the beginning of the year, when the price tested 2.3437 (Murray level [8/8], 38.2% Fibonacci retracement), proved unsuccessful, after which the instrument resumed active losses. Last week, it reached the November 2024 low at 1.1175, but later managed to recover toward 1.3671 (Murray level [3/8]). A firm break below this level would act as a catalyst for further bearish momentum toward 1.1718 (Murray level [2/8]) and 0.7812 (Murray level [0/8]).
For crypto, the framework is similar to traditional financial markets but comes with its own twist. Here, price action turns on liquidity, adoption, regulation, and flows from institutions alongside retail sentiment. Network health—hash rate, staking, active wallets—adds another layer. Macro still matters too: rates, dollar strength, and risk appetite shape inflows and outflows. Then, as with any market, you use the chart—trend, support and resistance, momentum, and volume—to spot setups and manage risk.