A Week of Action in the Crypto Market
Welcome to our exciting weekly recap in the dynamic world of cryptocurrencies! On Monday, February 3, 2025, at 9:00:05 AM EST (3:00:05 PM CET), we will analyze the prices of the top 10 cryptocurrencies according to Coin Market Cap and anticipate how the market could evolve throughout the week. On Friday, February 7, 2025, at 6:00:02 PM EST (12:00:02 PM CET), we will compare these prices with the closing values to identify market trends and fluctuations.
| CRYPTO | INITIAL | % CHANGE | FINAL |
|---|---|---|---|
| BTC | $94,866.35 | 3.18% | $97,879.31 |
| ETH | $2,589.74 | 2.48% | $2,653.89 |
| XRP | $2.36 | 2.86% | $2.43 |
| SOL | $195.33 | 0.02% | $195.37 |
| BNB | $573.36 | 1.46% | $581.71 |
| DOGE | $0.25 | -0.48% | $0.25 |
| ADA | $0.71 | 0.35% | $0.71 |
| AVAX | $25.18 | -1.75% | $24.74 |
| TON | $3.91 | 3.76% | $3.7 |
Utah Set to Lead with Bitcoin Reserve Bill
Utah could become the first US state to pass a Bitcoin reserve bill, thanks to a 45-day legislative window and strong political support. A recent vote backed a proposal to invest public funds in Bitcoin and major cryptocurrencies, putting Utah at the forefront of crypto adoption.
Tokenized RWA Markets Hit New Heights, Driving Crypto Recovery
Real-world asset (RWA) tokenization markets have surged, reaching an all-time high of $17.1 billion in total value locked (TVL) on-chain as of February 3. This marks a 94% increase from the same time last year, with nearly $4 billion added in just three months. RWA tokens are leading the way in crypto’s market recovery, signaling strong growth in this sector.
XRP Price Could Reach $6, Experts Predict
XRP surged 6% to $2.52, with experts predicting a rally towards $5.85 or higher. Market analyst Dark Defender sees XRP reaching $18.22 in the long term, while EGRAG CRYPTO and Squeky Mouse project growth to $5.2. XRP supporter lawyer John Deaton believes the token could surpass Ethereum, with a potential price of $8.
HTX Ventures: The Impact of Stablecoins & RWAs on DeFi
HTX Ventures’ latest report highlights how stablecoins, real-world assets (RWAs), and evolving regulations are reshaping DeFi. The 2024 U.S. election is expected to drive regulatory changes, accelerating DeFi’s integration with traditional finance. The report explores key opportunities and growth potential in this rapidly evolving landscape.
Binance CEO: Institutions Driving Bitcoin Adoption
Binance CEO Richard Teng emphasized the key role of institutional investors and regulatory developments in expanding crypto adoption. The U.S. spot Bitcoin ETF market hit $44.2 billion in its first year, with $5 billion in inflows in January 2025 alone. Bitwise’s Matt Hougan predicts over $50 billion in inflows by year-end, reinforcing Bitcoin’s growing institutional demand.
Sources
https://cointelegraph.com/news/satoshi-action-fund-ceo-predicts-utah-establish-bitcoin-reserve-first
https://cointelegraph.com/news/rwa-value-locked-returns-to-ath-tokens-lead-market-recovery
https://www.crypto-news-flash.com/xrp-price-eyes-6-rally-experts-predict/
https://cointelegraph.com/news/the-role-of-stablecoins-and-rwas-in-defi-htx-ventures-report
https://cointelegraph.com/news/binance-ceo-institutional-bitcoin-etf-growth
