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The crypto market rebound is underway, with several top cryptocurrencies showing significant gains. *Top Gainers:* - _PancakeSwap (CAKE)_: up 40% in 24 hours, trading at $2.99 ¹ - _Sonic (S)_: up 17% in 24 hours, trading at $0.56 ¹ - _Lido DAO (LDO)_: up 12% in 24 hours, trading at $1.78 ¹ - _XRP_: surged 12% ahead of the FOMC meeting, with Bitcoin adding 4% to trade around $103,000 ² Analysts predict a massive rally in the crypto market, with Bitcoin expected to reach $150,000 and XRP predicted to surge to $6 ³. However, it's essential to note that any rebound in the near term is likely to be tactical and not the beginning of a new long-term bullish uptrend ⁴. The crypto market's rebound is driven by various factors, including a potential crypto short squeeze, with over $346 million liquidated from the crypto-leveraged market in the past 24 hours ⁵. As the market continues to evolve, it's crucial to stay informed and adapt to changing trends and predictions.

Crypto Prices Today February 12 BTC Dips To $95K, Altcoins On Edge Ahead Of Key Economic Data Crypto prices on Wednesday have again fueled bearish sentiments among investors as the broader market took a severe hit following Federal Reserve Chair Jerome Powell’s recent testimony. Bitcoin (BTC) price again swooped to a $95K low, whereas altcoins such as Ethereum (ETH), XRP, and Solana (SOL) mimicked a dipping trajectory. Meanwhile, market participants remain cautious as the U.S. CPI and PPI data are set to be released shortly ahead. Crypto Prices On Feb 12: Here’s All To Know Against the backdrop of broader trends, the global cryptocurrency market cap slipped by 1.82% in the past 24 hours, reaching $3.14 trillion. However, the total market volume increased by 8% intraday, reaching $105.57 billion. As mentioned above, the crypto market slumped as Jerome Powell’s testimony before the Senate Banking Committee reflected a hawkish stance on policies. In turn, risk assets such as crypto are under the heat, facing immense selling pressure. Notably, nearly $240 million was recorded to have been liquidated across the market in the past 24 hours as an aftermath. $BTC Price Wanes To $95K Amid Broader Crypto Market Flux As of press time, BTC price tanked over 2% to reach $95,389. The flagship crypto’s 24-hour low and high were $94,875.04 and $98,492.90, respectively. Bitcoin’s dominance dropped 0.08% from yesterday, resting at 60.37%. Further, the coin saw nearly $44 million worth of liquidations in the past 24 hours, per Coinglass data. $ETH Price Dips In Sync ETH price fell by 3.5% intraday and is now sitting at $2,592. The coin’s 24-hour low and high were $2,565.40 and $2,724.90, respectively. Ethereum’s waning action falls in line with the broader trend, further accompanied by $30.23 million worth of liquidations in the past 24 hours. $XRP Price Slips 2% Simultaneously, XRP price’s intraday chart showcased a 2% decline in value, with the asset now resting at $2.39. Its intraday bottom and peak were $2.38 and $2.53, respectively. The Ripple-backed asset recorded liquidations worth $6.05 million in the past 24 hours. $SOL Price Loses 3% Also, SOL price cracked slightly over 3% in the past 24 hours and is now trading at $194.61. The coin’s intraday low and high were $194.23 and $205.92, respectively. Meme Crypto Prices In The Red Additionally, Dogecoin (DOGE) price saw a 2.5% decline intraday, now at $0.2512. Further, Shiba Inu (SHIB) price also fell 2% to reach $0.00001561 despite rising SHIB whale activity. Even PEPE, TRUMP, and BONK lost alarming values over the past day, dropping 2%-6%. Looming US CPI & PPI Data Sparks Uncertainty Further, key macroeconomic data such as the U.S. CPI & PPI are set to be released shortly ahead. With Powell already hinting at a hawkish stance on monetary policies, market watchers expect the CPI & PPI to contribute to the pressure on risk assets due to inflationary pressures. The data, set to be released on February 12 and 13, has further kept investors cautious. Nevertheless, some tokens have defied the current volatile trend, trading dominantly in the green. Top Crypto Gainer Prices Today Virtuals Protocol (VIRTUAL) Price: $1.33 24-Hour Gains: +5% Sonic ($S ) Price: $0.4666 24-Hour Gains: +5% FTX Token ($FTT ) Price: $2.02 24-Hour Gains: +5% Top Crypto Loser Prices Today Onyxcoin ($XCN ) Price: $0.02112 24-Hour Loss: -9% Ethena ($ENA ) Price: $0.4337 24-Hour Loss: -9% JasmyCoin ($JASMY ) Price: $0.02185 24-Hour Loss: -6% Overall, the current market scenario remains volatile, primarily attributable to macroeconomic developments. Traders and investors continue to thoroughly monitor the crypto market for further price action shifts. bitcoin.

#Sonic price has dropped 70% since its December 2024 high. A 45% bounce since Feb. 3 avoided a breakdown but is still below key resistance levels. 🎯

Arkham and Sonic Labs Collaborate According to official news, Arkham announced a partnership with Sonic Labs. Through this partnership, Sonic users will be able to use Arkham's advanced features, including detailed entity and address pages, Arkham dashboards, real-time alerts,…

The founder of layer-1 blockchain Sonic (S) is speaking up about his decision to step away from crypto in 2022, two years after launching the decentralized finance (Defi) platform Yearn Finance (YFI).In a post on Medium, Andre Cronje says he stopped his public engagement with DeFi because of regulatory pressure.He says it all started in 2021 when the U.S. Securities and Exchange Commission (SEC) sent him a letter asking for more information on YFI, including whether he raised funds and who the investors were.Cronje says he complied and provided as much information as he could provide, but the SEC continued to send him letters that later became hostile in tone. The regulator investigated him on different issues, including violations, which Cronje says confused him because he is not a US citizen or resident and he neither sold anything to anyone in the US.“The letters kept coming, every time pivoting to a new angle of attack. It started ‘investigating’ me from the angle of a raise and SEC violation… When it became apparent that [the raise] was not an angle of attack, it shifted to focusing on the yearn vaults themselves as ‘investment vehicles’.”Cronje says the time and effort it took him to answer the questions from the regulator diverted his attention.“At this point, I was practically forced to completely stop development or R&D, and focus solely on this legal and regulatory battle.”He says the sleepless nights and stress of the ordeal prompted him to quit.“All in all this took 2 years of my life and finally culminated in a point where I was essentially given a choice. I can keep trying to build things for free, receive no benefit, spend hours of my energy and time to release this code into the wild, while needing to constantly face these attacks and have to spend months of my life and real money to defend it. Or I need to step away.”$SONIC