Flipster Crypto Weekly (February 14)
February 14, 2025
BTC came under early-week pressure as Trump’s new 25% tariffs on steel and aluminum reignited trade war fears, briefly dipping to $95K before recovering. While markets initially absorbed the news, Tuesday’s hotter-than-expected CPI print triggered a sharp sell-off, sending BTC to $94K and wiping out $310 million in cumulative liquidations. However, dip buyers quickly stepped in, fueling a swift rebound to $98K, where it eventually settled around $96k today. With the Fed now expected to delay rate cuts further, focus shifts to Trump—will he push for easing or let the central bank to stay its course? Elevated volatility presents fresh trading opportunities.
Bitcoin (BTC)
Weekly performance: +0.01%
Year-to-date (YTD) performance: +3.51%
Bitcoin (BTC) traded within a narrow range of $94,000 to $99,000, setting up one of its tightest trading weeks in months. Despite the release of CPI and PPI data, the relative lack of volatility suggests that traders may no longer be reacting to inflation news. Notably, BTC did not experience any significant sell-offs despite inflation coming in hotter than expected.
Ethereum (ETH)
Weekly performance: -4.06%
Year-to-date (YTD) performance: -19.67%
Despite reports that Ethereum-based funds attracted more inflows than BTC products last week, ETH failed to see a significant upside move. Unlike the sharp volatility of the previous week, ETH's price action has been more subdued, trading sideways and establishing short-term support around the $2,550 level.
Solana (SOL)
Weekly performance: -0.82%
Year-to-date (YTD) performance: +3.02%
Since reaching its highs in late January, Solana (SOL) has been forming lower highs and lower lows, breaking below both its short- and medium-term moving averages (MAs). Monday’s price action, where SOL briefly climbed above the 10-day MA before reversing and closing below it, underscores the continued presence of selling pressure.
Hyperliquid (HYPE)
Amid broader market weakness, Hyperliquid (HYPE) has stood out with its relative strength. While its price action has been volatile, HYPE continues to establish higher lows, defying the broader downtrend that has seen many cryptocurrencies decline by more than 20%. This resilience suggests sustained buying interest and potential accumulation, even as market sentiment remains fragile.
Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with significant risk of loss due to its high price volatility, and is not suitable for all investors.