BTC’s key support level is around the $81K

BTC’s key support level is around the $81K

Market overview

  • BTC has hit the previous low of $89,256, indicating that BTC is highly likely to fall below the MA140 (currently at $90,723). 
  • The key support level below is around the $81,000 mark, which is the midpoint of this rally.
  • ETH and SOL are showing weak performance, with particular attention needed on SOL for a potential sharp rebound once the selling pressure ends.

Key events

  • Bitcoin mining pools CloverPool data indicates that Bitcoin's mining difficulty has adjusted by 3.15% to 110.57 T.
  • According to Bloomberg, the New York Stock Exchange’s largest market maker Citadel Securities is planning to market make for Bitcoin and cryptocurrencies.
  • Dubai Financial Services Authority (DFSA) has approved Circle's stablecoins USDC and EURC as recognized tokens, making them the first approved stablecoins under this regulatory framework. 
  • Asset management firm Canry has filed for a Hedera (HBAR) exchange-traded fund (ETF) with Nasdaq.
  • Global crypto venture capital firm Foresight Ventures will invest $25 million to support the BNB Chain's BNB Incubation Alliance (BIA) program.
  • Open-source multi-agent framework ElizaOS has released version 0.25.8.
  • Regarding the recent attack on the Infini contract, Du Jun, co-founder of ABCDE, has stated that he can provide funding between $5 million and $10 million if Infini needs it.
  • Decentralized derivatives platform PRINT3R has completed the PRINT token presale on the DAO launch platform daos.fun and will not conduct TGE this week.
  • Blockchain technology company Bounce Brand will launch its BSC ecosystem AI agent Launchpad on February 28.
  • According to DefiLlama data, pump.fun's protocol fee income on February 22 was $1.75 million, a decrease of 88.62% from the peak of $15.38 million on January 25.

Hot projects

Token

Description

Market Cap ($)

A1C

AI health concept token

The AI Agent token on Base, A1C originally refers to glycated hemoglobin, but A1C is an AI project focused on metabolic health. The goal is to provide personalized advice to users to achieve and maintain a healthy A1C level (<7%), including suggestions on diet, exercise, and stress management.

43.70M

AKIDS

African children charity token

A charity token aimed at supporting the education and development of children in Africa. The project allows holders to earn rewards from the daily fees generated by the platform through a staking mechanism, promoting global community participation.

6.80M

SBF

Celebrity token concept

FTX founder SBF is currently serving a prison sentence but posted on social media at 09:53 UTC+8 today discussing company layoffs and management issues. SBF's sudden reappearance shocked the community, and the memecoin named after him created just 14 days ago, surged in popularity and gained attention.

1.20M

COLLAT

RWA concept project

A Real World Asset (RWA) project on Solana, aims to enable users to easily buy and sell tokenized versions of assets like real estate and artworks through a simple interface. It recently announced the launch of its mainnet, which has no gas fees, supports peer-to-peer transfers, and also launched a mobile app.

11.4M

IMG

SOL dividend concept project

A dividend memecoin on Solana, which imposes a 5% tax on transactions. IMG holders receive tax-based dividends every five minutes. Currently, it has over 30,000 holders and has distributed $4 million in rewards.

20.3M

BTC ecosystem overview

  • BTC Mainnet & Fractal Bitcoin Gas Fees remain at 2 sat/byte (low activity) ⚡.
  • Leading Inscription & Rune Tokens:
  1. ORDI: $10.53 (-16.11)
  2. DOG: $0.0022 (-14.50%)
  3. FB: $1.14 (-2.69%)

Exchange updates

  • Coinbase has added Renzo (REZ) to its coin listing roadmap.
  • Bitget has launched Zoo (ZOO) spot trading.
  • Binance has listed BNB/ARS, ETH/MXN, KAITO/BRL, SOL/ARS, SOL/MXN, TRUMP/BRL, TRX/FDUSD, and TST/TRY spot trading pairs, and has also adjusted the funding rate settlement frequency for the BAN/USDT perpetual contract from once every four hours to once every two hours.

Industry landscape

  • US Georgia has introduced a second Bitcoin reserve bill, SB 228, which permits the state to invest in Bitcoin without any investment restrictions. 
  • Dubai Financial Services Authority (DFSA) has approved Circle's stablecoins USDC and EURC as recognized tokens, making them the first approved stablecoins under this regulatory framework. 
  • Ethena, a decentralized protocol on Ethereum, has completed a $100 million funding round, participated in by F-Prime Capital and Franklin Templeton.
  • Shared security network IMUA has completed a $5 million seed funding round led by Draper Dragon.
  • Restaking protocol Byzantine has completed a $3 million Pre-Seed funding round led by Node and Blockwall.
  • Memes Lab, a multi-level meme infrastructure on TON, has completed a $2.3 million seed funding round led by Lemniscap.

Emerging projects

Token

A1C

AKIDS

SBF

Description

The AI Agent token on Base, A1C, originally refers to glycated hemoglobin, but A1C is an AI project focused on metabolic health. The goal is to provide personalized advice to users to achieve and maintain a healthy A1C level (<7%), including suggestions on diet, exercise, and stress management.

It is a charity token aimed at supporting the education and development of children in Africa. The project allows holders to earn rewards from the daily fees generated by the platform through a staking mechanism, promoting global community participation.

FTX founder SBF is currently serving a prison sentence but posted on social media at 09:53 UTC+8 today discussing company layoffs and management issues. SBF's sudden reappearance shocked the community, and the meme coin named after him created just 14 days ago, surged in popularity and gained attention.FTX 

Price

$3.99

$0.00833

$0.000462

Market Cap

$43M

$8.33M

$463000

Token Holders

8,720

2,615

3,097

Token

COLLAT

IMG

STONKS

Description

An RWA project on Solana aims to allow users to easily buy and sell tokenized versions of assets such as real estate and artworks through a simple interface. It recently announced the launch of its mainnet, which has no gas fees, supports peer-to-peer transfers, and has also released a mobile app version.

A dividend memecoin on Solana charges a 5% tax on transactions. IMG holders receive tax-based dividends every five minutes. The project currently has over 30,000 holders and has distributed $4 million in rewards.

A memecoin on Solana, issued by a hacked Nasdaq subsidiary account, is now leading a revolutionary movement against fraud. The project aims to file a historic lawsuit against Nasdaq in support of the struggle of GameStop.

Price

$0.0106

$0.01669

$0.0327

Market Cap

$10.6M

$16.69M

$32.7M

Token Holders

5,707

31,528

16,254

Disclaimer

The development and market cap of stablecoins mentioned in the above content are speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available during writing and may be subject to change.

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