Flipster Crypto Weekly (February 21)
February 21, 2025 BTC remained volatile this week, dipping toward $93k early on before rebounding to $98k. Despite macroeconomic uncertainties, BTC dominance has climbed to nearly 60%, marking a four-year high as altcoins continue to struggle. The collapse of $LIBRA, a meme coin tied to Argentina’s president, has further dampened sentiment in the broader altcoin market.
Equities continue to edge higher, while crypto markets remain directionless—signaling traders are awaiting a clear catalyst. Inflation fears and escalating tariffs create a macro tug-of-war with renewed speculation around Trump’s pro-crypto stance, including potential ETF approvals and a Strategic Bitcoin Reserve.
Bitcoin (BTC)
Weekly performance: +1.6%
Year-to-date (YTD) performance: +5.17%
After spending over two weeks trading below its 21-day moving average (MA), Bitcoin (BTC) broke above this key level and closed higher in Thursday’s session. After nearly three months of sideways movement, this marks an important first step toward regaining upward momentum. However, BTC now faces its next major test at the 50-day MA, a resistance level that has repeatedly held firm in recent weeks. Clearing this hurdle could signal a stronger recovery and renewed bullish momentum.
Ethereum (ETH)
Weekly performance: +2.1%
Year-to-date (YTD) performance: -18.15%
Ethereum (ETH) has maintained its position above the 10-day MA this week, marking a notable shift from earlier in the month when it consistently traded below this short-term level. This change in price action signals a more positive outlook for ETH. However, the 21-day MA continues to act as a key resistance, with multiple rejections each time the price approaches this level. A decisive break above the 21MA could indicate further upside potential.
Solana (SOL)
Weekly performance: -10.65%
Year-to-date (YTD) performance: -8.32%
Solana (SOL) dropped below its 200-day MA this week, signaling a bearish shift in momentum. Previously, the 200-day MA served as a strong support level in January and early February, but this week, SOL decisively broke through it. The decline also coincided with a break below the key $183 support level, adding to the downside pressure. While this could just be a potential undercut, a sustained move below these levels could indicate further weakness ahead.
Kaito (KAITO)
Kaito.ai, founded in 2022 by Yu Hu, is an AI-driven platform designed to tackle information fragmentation in the cryptocurrency sector. By aggregating data from a wide range of Web3 sources, it transforms unstructured information into actionable insights for users. This week, Kaito rewarded early adopters and active participants with an airdrop of its native token, KAITO. Since its listing on Flipster, KAITO has gained more than 20%, reflecting strong market interest and engagement.
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.