Crypto News
Meme Coins Suffer Sharp Downturn, Erasing Over $23 Billion in 12 Days
Meme coins have endured a challenging February, losing $23.573 billion in value over the last 12 days. Faltering Meme Coins Recently, the meme coin market has encountered losses that have nullified gains amassed in earlier months. Twelve days ago, on Feb. 1, 2025, the meme coin economy was valued at $100.592 billion; today, after losingSource link
Disappointing U.S. CPI Data Sends Bitcoin Tumbling Below $95K
U.S. inflation unexpectedly marched higher in January, sending crypto and traditional markets sharply lower.The closely-watched Consumer Price Index (CPI) rose 0.5% in January versus an expected 0.3% and December's 0.4% pace. On a year-over-year basis, CPI was higher by 3.0% against forecasts for 2.9% and 2.9% in December.The so-called core CPI, which excludes food and energy costs, rose 0.4% in January versus an expected 0.3% and 0.2% the previous month. Year-over-year, core CPI was higher by 3.3% versus 3.1% expected and 3.2% in December.Already trading in downward trend this week, the price of bitcoin (BTC) fell sharply in the moments following the disappointing report, slumping below the $95,000 level. The broad CoinDesk 20 Index was lower by 2.9% over the...
Bitcoin, Ethereum Drop as US Reports Inflation Rose to 3% in January
Bitcoin dropped as it became clear that inflation was worse than expected in January.Source link
XRP Price Analysis: Market Indecision Fuels Uncertainty – What’s Next?
XRP currently hovers at $2.42, boasting a $139 billion market valuation and $3.9 billion in daily trading activity, with its price oscillating between $2.38 and $2.50. This narrow band mirrors a phase of equilibrium as bearish undertones temper upward ambitions. XRP On the hourly chart, a tentative rebound emerges: XRP climbed from $2.31 to $2.52Source link
Eric Semler’s X Account Hacked, Promotes Solana-Based Token
The X account of Semler Scientific chairman Eric Semler has seemingly been compromised, with various posts from it pointing to the supposed creation of a Solana-based token under the same trading symbol that the firm trades under at Nasdaq.The account shared a post suggesting that the token is looking to bridge "institutional-grade Bitcoin exposure to a high-performance ecosystem with deep liquidity and low fees" by launching the token on Solana.Other posts suggest a large percentage of the token's supply has been sent to leading cryptocurrency exchanges.A newly launched token trading on Solana-based decentralized exchange Raydium under the ticker symbol SMLR, whose address matches the one sent to the hacked account's posts, saw a 300% rise after launch before seeing a...