šŸšØ Breaking Crypto News: Whatā€™s Happening Right Now?

News

The European Union (EU) has approved ten stablecoin issuers under the Markets in Crypto-Assets (MiCA) regulations. This marks a key step in the blocā€™s approach to cryptocurrency regulation. However, the absence of Tether (USDT), the largest stablecoin by market capitalization, has raised concerns about regulatory priorities and the potential consequences for the digital asset market.

Coinbase CEO Brian Armstrong has recently shared his take on meme coin while noting that ā€œBitcoin is somewhat of a memecoinā€ as per his analysis. Amid the recent meme coin frenzy, including a pump and dump with LIBRA, TST, and BROCCOLI, market analysts have started raising questions about their future potential. However, Armstrong believes that they still hold cultural and technological impact.

Binance has sparked bearish investor concerns despite a broader crypto market recovery trend on Thursday as it unveiled plans to delist certain token trading pairs ahead. In an official announcement on February 20, the crypto exchange giant revealed that it is delisting specific ALGO and ATOM pairs, posing a risk factor to the asset prices. Market watchers remain cautious about what lies ahead for these coins as the latest decision by the exchange comes as a setback presenting reduced market visibility and thus, diminished investor interest.

Sponsored

Frog-themed meme coins are quickly becoming the hottest trend in crypto, following in the footsteps of last cycleā€™s dog-themed tokens. As projects like Pepe Unchained secure major exchange listings and Wall Street Pepe sells out in presale. Now itā€™s time for Pepeto to shine as it gains traction in its live presaleā€”a sign of investors. The surge in interest isnā€™t randomā€”Donald Trumpā€™s pro-crypto stance and Elon Muskā€™s recent frog-themed profile update on X have only fueled speculation that these projects could be next in line for major gains.

Markets

Crypto market today (February 20) has shown signs of a potential recovery trend brewing after a massive bloodbath witnessed recently. Bitcoin (BTC) price regained a break above $97K, whereas leading altcoins traded in the green zone despite nearly $300 million liquidated across the sector yesterday. As an upshot, market watchers remain highly optimistic about a price recovery and the continuation of this bull cycle moving ahead.

VanEck, one of the top Wall Street asset managers with over $100 billion in assets under management remains bullish that Solana price will rally to $520 in 2025. This optimism comes despite Solanaā€™s struggle to reclaim $200 due to inflation concerns that have pushed the price down by 27% from its monthly high. At press time, SOL trades at $174 after a marginal increase of 0.2%. Top funds and banks believe that despite this lackluster performance, Solanaā€™s bull cycle is still intact.

The crypto market remains on edge this week, with Bitcoin price stuck below $100,000 and the fear and greed index stuck at the fear zone. The situation may get worse soon, according to an astrological warning by Crypto Damus, a popular figure on X. He predicts that the cryptocurrency market was at risk of getting into a danger zone until March 13, 2025 because of Saturnā€™s opposition. Hereā€™s how you can navigate the potential volatility in the Bitcoin and altcoin market.