Crypto News Summary – February 11, 2025
• Bitcoin Under Pressure: Bitcoin (BTC) has dropped below $100,000, currently trading around $96,688, down 0.77% from the previous day. (economymagazine.it)
• Bitcoin Mining Crisis: Miners are struggling due to BTC’s price drop, forcing some to sell their reserves to cover operational costs. (cryptonomist.ch)
• Surge in Crypto ETF Applications: After Trump’s election, 47 new crypto ETF proposals have been submitted to the SEC, signaling increasing institutional interest. (cryptonomist.ch)
• Trump Appoints “Crypto Czar”: President Trump has named venture capitalist David Sacks as the U.S. “Crypto Czar” to explore national crypto adoption. (bellunopress.it)
• New Crypto Projects Gain Attention: Emerging tokens like The Last Dwarfs ($TLD)are attracting investors, with some predicting high returns. (financefeeds.com)
Crypto markets remain volatile stay informed and invest wisely.