On February 17, 2025, the cryptocurrency market experienced significant volatility after a weekend of intense commercial activity. According to CoinMarketCap data, Bitcoin (BTC) experienced a sharp drop of 7.2% against $ 54,320 at 08:00 UTC on February 15 at $ 50,400 at 8:00 p.m. UTC on February 16, 2025 (source: Coinmarketcap). Ethereum (ETH) followed suit, going from $ 6.5% to $ 2,990 during the same period (source: Coinmarketcap). The total market capitalization of cryptocurrencies increased from 1.8 billion to 1.65 billion of dollars (source: Coinmarketcap). The negotiation volume increased, BTC / USD, noting an increase in volume of 24 hours of 45% to $ 42 billion at 6:00 p.m. UTC on February 16, 2025 (source: Coingecko). Likewise, the ETH / USD volume increased by 38% to 18 billion dollars (source: Coingecko). This increase in volume indicates increased participation and liquidity of the market during the sale, which suggests that traders actively meet market conditions (source: tradingView).
The commercial implications of this weekend market movements are important for merchants. The sharp drop in BTC and ETH prices has caused a cascade effect through other major cryptocurrencies. For example, Binance Coin (BNB) fell 8.1% from $ 400 to $ 367.60 between 08:00 UTC on February 15 and 8:00 p.m. UTC on February 16, 2025 (source: Coinmarketcap). Cardano (ADA) also dropped from 9.2% from $ 0.70 to $ 0.635 during the same period (source: Coinmarketcap). The increase in commercial volume, in particular in BTC and ETH, suggests that traders took advantage or reduce losses, which indicates a lowering of the market. Channel metrics still corroborate this, with the Caisse de la Feat du Bitcoin and the Cupidity Index of 50 to 35 between February 15 and February 16, 2025 (Source: Alternative.me). In addition, the network value ratio / transactions (NVT) for Bitcoin increased from 45 to 55, indicating a potential overvaluation compared to the transaction activity (source: Glassnode).
From the point of view of technical analysis, the action of bitcoin prices on February 16, 2025, broke below the critical support level of $ 52,000, which has been held since January 2025 (source: tradingView). The relative resistance index (RSI) for BTC has increased from 60 to 35, indicating that the asset can enter the territory of occurrence (source: tradingView). Ethereum RSI also went from 55 to 30 during the same period (source: tradingView). The 50 -day mobile average for BTC and ETH has been raped, BTC going from $ 53,000 to $ 50,000 and ETH $ 3,100 to $ 2,950 (source: tradingView). The volume of negotiation for BTC / USD and ETH / USD remained high, with a BTC / USD volume at $ 42 billion and an ETH / USD volume at 18 billion dollars at 8:00 p.m. UTC on February 16, 2025 (Source: Coingecko) . These technical indicators and volume data suggest that the market is in the bearish phase, with additional drop potential if the support levels continue to be raped.
In the context of AI developments, no specific news was reported during the weekend which directly influenced the cryptography market. However, the general feeling around AI technologies continues to have an impact on AI tokens. For example, tokens like singularitynet (Agix) and Fetch.ai (FET) experienced a slight decrease in value, Agix going from $ 5.45 to $ 0.425 and FET down 4.8% From $ 0.50 to $ 0.476 between 08:00 UTC on February 15 and February 15 and 8:00 pm UTC on February 16, 2025 (Source: Coinmarketcap). The correlation between AI tokens and major cryptocurrencies like BTC and ETH remains obvious, because Agix and Fet followed the wider trend on the market. The volume of negotiation for AI tokens has experienced a modest increase, the AGIX / USD volume increasing by $ 15% to $ 20 million and the FET / USD volume from 12% to 15 million dollars during the same period (Source: Coingecko). This suggests that even if AI tokens are not immune to market -scale sales, their trading volumes indicate a continuous interest of investors. Surveillance of AI -focused trading strategies could provide an overview of potential trading opportunities in the AI / Crypto crossing, especially if new technologies or partnerships of AI are announced in the near future.
