Cryptocurrency markets witnessed slight movements today, Thursday, February 20, 2025, as investors await influential economic and political decisions.
Performance of the most prominent cryptocurrencies:
Bitcoin (BTC): Bitcoin price rose by 0.2% to reach $96,811.1.
Ethereum (ETH): Ethereum witnessed an increase of 0.5%, recording $2,728.8.
Ripple (XRP): fell by 1.3% to reach $2.7028.
Solana (SOL): achieved gains of 2%, while Cardano (ADA) rose by 0.8%.
Dogecoin (DOGE): recorded a slight increase of 0.2%.
Facts affecting the market:
These movements come amid investor concerns about potential US tariffs, in addition to expectations about interest rates by the US Federal Reserve. Investors are also awaiting global political and economic developments, including diplomatic talks between the United States and Russia, and their impact on global inflation.
Outlook:
With economic and geopolitical tensions continuing, investors are advised to closely monitor developments, as these factors may impact the stability of cryptocurrency markets in the coming period.
Please note that this information is based on recent news reports, and conditions may change rapidly.