- Bitcoin holds 59.48% dominance as market sentiment remains in fear territory.
- ETF trading volume hits $80.14M, with Bitcoin ETFs leading at $68.44M.
- Ethereum gas fees stay low, supporting smooth network transactions and activity.
The cryptocurrency market saw minor shifts as of February 17, 2025, with Bitcoin staying strong. Market observers have so far tracked the price moves, ETF trading volume, and derivatives data to spot possible trends correlating with Bitcoin’s position.
Even though the overall market capitalization slipped slightly, a careful mood remains, as seen in the Fear & Greed Index. Additionally, Ethereum gas fees remained low, supporting network activity without major congestion.
Bitcoin & Ethereum Prices Hold Ground
Bitcoin’s price stood at $96,387.16, showing stability despite minor market swings. Elsewhere, Ethereum traded at $2,776.39, performing steadily within its range.
The overall cryptocurrency market capitalization hit $3.21 trillion, decreasing slightly by 0.29%. Market activity showed a peak of roughly $3.22 trillion before a pullback, followed by a small recovery.
Related: Analyst: $1.25T is a Crucial Resistance for Crypto MarketCap
Fear Grips Crypto Market, Index Shows
The Fear & Greed Index read 38, signaling ongoing fear among investors. Market sentiment remained cautious, with traders closely watching price movements for potential reversals.
The CMC100 Index, which tracks the top 100 cryptocurrencies, registered a decline of 0.44%, settling at $197.62. This decrease reflected the broader market’s consolidation phase.
ETF Trading Volumes Signal Investor Interest
Cryptocurrency exchange-traded funds (ETFs) recorded a total daily trading volume of $80.14 million on February 14, 2025. Bitcoin ETFs dominated with $68.44 million in volume, while Ethereum ETFs accounted for $11.70 million. Trading volumes have varied over the past few weeks, reflecting investor interest in regulated crypto investment vehicles.
Related: Seven-Day Overview of the Top 50 Cryptocurrencies in the Market
Bitcoin continued to assert dominance in the market, holding 59.48% of the total capitalization. Ethereum followed with a 10.41% market share, highlighting its position as the second-largest cryptocurrency.
Low Ethereum Gas Fees Boost Network Use
Ethereum network fees stayed low, with slow transactions costing 3.01 Gwei, standard transactions at 3.1 Gwei, and fast transactions at 4.33 Gwei. This relatively stable fee structure allowed users to execute transactions efficiently.
In the derivatives sector, perpetual futures open interest reached $562.29 billion, showing strong institutional and retail participation. Moreover, total futures contract volumes totaled $4.88 billion, pointing to sustained trading activity.
Options Market Sees Price Swing Uncertainty
Bitcoin options volatility measured 53.62, while Ethereum options showed higher volatility at 70.70.
These levels indicated greater uncertainty in the options market, with traders expecting potential price swings.
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