A Week of Action in the Crypto Market
Welcome to our exciting weekly recap in the dynamic world of cryptocurrencies! On Monday, February 24th, 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 28th, 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 | $95,789.93 | -13.02% | $83,321.04 |
| ETH | $2,679.68 | -18.00% | $2,197.47 |
| XRP | $2.48 | -14.52% | $2.12 |
| BNB | $639.60 | -8.35% | $586.21 |
| SOL | $159.27 | -9.07% | $144.82 |
| DOGE | $0.23 | -13.83% | $0.20 |
| ADA | $0.73 | 14.09% | $0.63 |
| AVAX | $23.68 | -7.69% | $21.86 |
| TON | $3.67 | -9.04% | $3.34 |
HK Asia Holdings Boosts Bitcoin Investment After Share Surge
HK Asia Holdings purchased 7.88 BTC for $761,705, bringing its total to 8.88 BTC. Following its first Bitcoin buy, the firm’s shares jumped 93%. The stock continues to see growth on the Hong Kong Stock Exchange.
Dubai Approves USDC and EURC in DIFC, Boosting Stablecoins
Dubai has recognized USDC and EURC as crypto tokens in the Dubai International Financial Centre (DIFC), allowing their integration into payments, treasury, and digital financial services. This move strengthens trust in stablecoins, challenges USDT’s dominance, and could reshape the $157 billion market, according to Bitget Research.
Metro Singapore Adopts Stablecoins
Retail meets crypto! Metro Singapore now accepts USDT, USDC, and WUSD for payments, with FDUSD coming soon. Partnering with DTCPAY, Metro is ditching BTC and ETH for stablecoins, calling them the future of retail.
Pi Coin Soars 96% Amid Crypto Slump: Is This the Next Big Thing?
Despite the broader crypto market decline, Pi Coin has surged by 96% in the last week, reaching $2.63 per token and a market cap of $17.45B. While some question its legitimacy, the hype around Pi Coin, especially with a possible Binance listing, has investors excited. Is this a sign that bullish altcoins still have potential amid the current bearish trend?
Texas Bitcoin Reserve Bill Moves to Senate
Texas Senate Bill 21, proposing a Bitcoin and crypto reserve, passed the Senate Banking Committee 9-0 and moves to the Senate floor. It would allow the Texas Comptroller to manage Bitcoin as a hedge against inflation and economic volatility. Other states, like Oklahoma and Arizona, are exploring similar bills.
Sources
https://cointelegraph.com/news/hk-asia-adds-bitcoin-after-board-approval
https://crypto.news/singapore-retail-chain-metro-to-start-accepting-stablecoin-payments/
https://bitcoinist.com/3-best-altcoins-market-hype-pi-coin-surge/
https://cointelegraph.com/news/texas-strategic-bitcoin-reserve-bill-advances-senate-floor
