In the crypto market report covering the week of February 10-17 prepared by the ICRYPEX Research team, we have compiled current developments regarding crypto assets, price movements of crypto assets and macroeconomics.
You can take a look at the general flow of this report immediately below and reach all the developments that took place in the 7-day period from Weekly Crypto Market Reports: February 10, 2025.
February 10 Weekly Crypto Market Report Overview
Last week, the markets were moved by the new financial decisions made by the Trump administration. At the beginning of the week, Trump’s decision to cut off the financing of CFPB Chairman Russell Vought and halt all inspections drew attention, while the taxes imposed on steel and aluminum imports caused fluctuations in global markets. The short-term decline in Bitcoin and crypto markets in particular clearly revealed the impact of the tax decisions.
Inflation data and bond auctions were at the forefront in the middle of the week. The CPI data announced in the US was announced as 0.4% on a monthly basis, above expectations, and rose to 3.1% on an annual basis. These data increased uncertainties about the Fed’s interest rate policies, indicating that inflation pressure continues. 10-year bond interest rates were at 4.63%.
In crypto markets, spot ETF applications set the agenda throughout the week. NYSE Arca’s application for a Cardano ETF on behalf of Grayscale and Nasdaq’s filing with the SEC for CoinShares’ XRP and Litecoin ETFs have been the focus of the market. In addition, the SEC’s review of spot Solana ETF applications and Franklin Templeton’s registration of the Solana Trust have attracted investors’ attention.
Towards the end of the week, new decisions made by the Trump administration revived the markets. Trump’s selection of former Bitfury executive Jonathan Gould as OCC chairman stood out as a critical development in terms of financial regulations. In addition, WLFI’s announcement of its reserve called Macro Strategy, which includes Bitcoin and Ethereum, created positive expectations in the crypto market.
Bitcoin price fell to $ 94,880 during the week, stabilized at $ 96,110 by the end of the week and closed the week down 0.36%. Ethereum, on the other hand, closed the week with a 1.30% increase at $2,661, despite falling to $2,546. Bitcoin dominance fell to 60.73% last week. The total value of the crypto market closed at $3.14 trillion with a horizontal positive movement during the week.
The markets will start next week with US President Trump’s speech on February 18, and the effects of these statements on tax policies, regulations and global trade will be closely monitored. While the UK CPI data on February 19 will shed light on the inflation outlook, the European Central Bank’s policy meeting will be critical for the Eurozone. The FOMC meeting minutes to be released on the same day may provide clues about the Fed’s interest rate policies.
On February 20, applications for unemployment benefits, the Philadelphia Fed Manufacturing Index and crude oil stocks will be followed in the US. On February 21, manufacturing and service sector PMI data and second-hand home sales will be announced. These developments may provide important signals in terms of economic growth and inflation expectations and may create volatility in the markets.
Those who want to get more comprehensive information about the week covering February 10-17 can review Weekly Crypto Market Reports: February 10, 2025.
