Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Investing

Crypto Market Recap: FTX Starts Debt Repayment, SOL Down Over 40 Percent in a Month

by admin February 20, 2025
February 20, 2025
Crypto Market Recap: FTX Starts Debt Repayment, SOL Down Over 40 Percent in a Month

Here’s a quick recap of the crypto landscape for Wednesday (February 19) as of 9:00 AM UTC.

Bitcoin and Ethereum price update

Bitcoin is trading at US$96,256, recording a 0.018 percent increase over 24 hours.

The day’s trading range has brought a high of US$96,666 and a low of US$93,408.

Meanwhile, Ether is priced at US$2,712.17, marking a rise of 0.436 percent over 24 hours. The cryptocurrency reached an intraday high of US$2,736.43 and a low of US$2,608.86.

Altcoin price update

  • Solana (SOL) is currently valued at US$172.20, 1.175 percent higher over 24 hours, after hitting a daily high of US$174.04 and a low of US$161.60.
  • XRP went down to US$2.59, reflecting a 0.766 percent decrease over 24 hours. The cryptocurrency reached an intraday high of US$2.63 and a low of US$2.47.
  • Sui (SUI) is trading at US$3.15, near its highest valuation of the day and a 0.639 percent increase. It achieved a daily high of US$3.20 and a low of US$2.93.
  • Finally, Cardano (ADA) is down, priced at US$0.7644, reflecting a 3.275 percent decrease over 24 hours. Its highest price on Wednesday was US$0.7953 and its lowest was US$0.7365.

Crypto news to know

FTX starts creditor repayments

FTX Digital Markets has begun repaying US$1.2 billion to creditors, marking a new step in its ongoing bankruptcy proceedings. The first round of payments prioritizes creditors with claims under US$50,000.

FTX creditor Sunil, a member of the exchange’s largest creditor group, said over 1,500 claimants will receive payments in this initial round. However, larger creditors are still awaiting further updates.

The FTX collapse in 2022 contributed to one of the harshest downturns in crypto history.

While the repayments signal progress, many large claims remain unresolved. Future repayments and creditor actions will determine the long-term effects on market liquidity and investor confidence.

SOL down over 40 percent in last month

SOL has now dropped over 40 percent in the past month, trading around the US$170 level at this writing.

The decline follows a peak of nearly US$290 on January 19, according to Coinbase data.

Aran Hawker, CEO of CoinPanel, described the situation to Forbes as a “perfect storm” caused by multiple bearish factors, including waning meme coin interest, a sharp drop in on-chain activity and declining investor confidence.

Another major factor pressuring SOL is the upcoming March 1 token unlock, which will release 11.16 million tokens into circulation. Institutional investors have reportedly shifted holdings from SOL to ETH in anticipation of this event.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Cyclone Metals, Vale to Develop Iron Bear Project in US$138 Million Deal
next post
Three Signs of the Bear and What May Come Next!

Related Posts

Virka Project Sampling Returns High-Grade Mineralisation

February 25, 2025

Harvest Gold Soil Sampling Program Reveals Several New...

May 23, 2025

Cartier Resources Closes Offering with Paradigm Capital and...

April 24, 2025

Alvopetro Announces Year End 2024 Financial Results, Q1...

March 19, 2025

Andy Schectman: Reset Happening Now — Gold is...

July 17, 2025

What is the VIX Index?

April 29, 2025

Nolan Watson: Gold Cycle Reset Upward, Price High...

March 21, 2025

Silver Hammer Closes CDN$1,809,000 Fully Subscribed Non-Brokered Private...

September 19, 2025

Concentrate Offtake Agreements Signed for Nueva Sabana Copper-Gold...

May 27, 2025

CAZ: Cazaly Exercises Earn In Option for 80%...

March 25, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • The Real Drivers of This Market: AI, Semis & Robotics

      October 7, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      October 7, 2025
    • Trump Administration Eyes Stake in Greenland Rare Earths Miner

      October 7, 2025
    • AFDG – Embracing US strategy, acquisition of Butembo copper deposit in the DRC. Copper added to draft list of US strategic minerals

      October 7, 2025
    • American AI Expert to Partner with HUI in Gulf States

      October 7, 2025
    • Allied Critical Metals Announces $10 Million Strategic Non-Brokered Private Placement

      October 7, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved