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Tricking people into thinking BGB rose to 6$ is so savage

BTC has shown some dips in the past week. However, things look decent as the coin’s price is holding steady at $95,000 despite stock indices and exchange-traded funds having taken a considerable dive. BTC was trading just above $96,550 last Saturday, just a day after US equities had one of their worst day in recent history. Nasdaq 100, S&P 500, & SCHD Retreats As per data shared by Nasdaq, the blue-chip S&P 500 took a decent dive by 1.71%. Meanwhile, the Nasdaq 100 fell by 2%, erasing 455 points. Similarly, small-cap-weighted Dow Jones and Russel 2000 fell by 1.70% and 3%, respectively. Schwab US Dividend Equity ETF, known to handle some of the biggest value in stocks, also took a decent beating and is down by 5%. Many technology stocks, including Meta, Microsoft, Apple, and Nvidia, suffered greatly and were some of the lowest-performing stocks. As per CNN, stocks’ fear and greed index hovered near 35. This suggests that there is a sense of fear among investors. As a result, they are looking to minimize losses by liquidating. Even though there is widespread panic in the industry, experts claim that this decline is natural due to the clouds of a trade war looming overhead. However, published market data shows that the Consumer Price Index rose by 3.3% in January, moving further and further away from the target of 2%. BTC Price Stabilizing In other news, BTC and other cryptocurrencies remain unaffected by the upheaval. On the flip side, there are some signs of a BTC price rebound. Weekly charts show that the token is showing some bullish sentiments. At the time of writing, BTC is traded at 96,626.05 with a 0.40% uptrend. While the uptrend percentage might not be great, it is certainly better than before. The price has been showing some traction for the last 24 hours. Therefore, the coin might be recovering. If the token breaks the $98k mark, sources suggest it can reach the $100K mark. This can trigger a strong bullish sentiment that can help BTC recover its ATH price in the coming month(s). The post Nasdaq 100, S&P 500, & SCHD Retreats But BTC Remains Strong appeared first on Coinfomania.

Developments in Litecoin’s ecosystem highlight growing retail adoption as speculations of a potential spot LTC ETF circulate. Reports indicate that short-term LTC traders increased over 12% in the past month. Onchain data shows that the number of addresses holding LTC tokens rose from about 510,000 on January 24 to nearly 580,000 by now. In addition to the surge in trader activity, daily transactions on the Litecoin network climbed to $9.6 billion after ETF issuers stepped up their efforts regarding the product in the United States. Litecoin’s market cap soared by nearly 50% in February, further highlighting increased investor interest. Notably, the buzz around LTC increased following the SEC’s acknowledgment of the proposal for a rule change to list the CoinShares spot Litecoin ETF on the Nasdaq. In the meantime, crypto community members spotted a listing of Canary Capital’s Litecoin ETF on the Depository Trust and Clearing Corporation (DTCC) system under the ticker LTCC. Related: Litecoin ETF From Canary Capital Gets Listed on DTCC: LTC Price Impact Analyzed According to the Litecoin Foundation, the DTCC is a “key part of global financial markets.” The platform processes trillions of dollars in securities daily, and listing there signals the Issuer’s level of preparedness for a potential ETF launch. However, it does not guarantee that the SEC would approve the ETF. The excitement surrounding a possible Litecoin ETF approval stems from a similar event with Bitcoin last year, when SEC approval of a spot Bitcoin ETF triggered a notable rally. Related: Litecoin ETF Could Beat XRP in ETF Race, Despite Multiple SEC Filings Last year’s spot Bitcoin ETF approval by the SEC triggered a significant rally for the pioneer cryptocurrency. It opened the channel for institutional investors to participate in the Bitcoin market, resulting in notable inflows. Litecoin traded for $123.5 at the time of writing, with minimal signs of growing adoption, per the price movement. However, analysts expect the situation to change if the SEC approves the ETF applications. Hence, the crypto community members gravitate toward the first-generation cryptocurrency. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Elon Musk, CEO of Tesla and SpaceX, has again caused crypto markets to go into a tailspin with one tweet. His recent activity on X (formerly Twitter) ignited a dramatic rally in several Dogefather-themed tokens, again demonstrating his immense power over the crypto market. Musk posted a photo of himself wielding a chainsaw, with the phrase “The Dogefather” clearly in the background. The post, which said “This is a real picture,” rapidly gained popularity, generating speculation and hype throughout the crypto community. The name “Dogefather” has been closely linked with Musk ever since he publicly supported Dogecoin (DOGE). His adoption of the meme currency started when he guest-starred on Saturday Night Live (SNL) in 2021 and referred to himself as the so-called “Dogefather,” as reported by CNF then. As a follow-up to Musk’s posting, a few tokens associated with the Dogefather brand registered huge price rises. One, The Dogefather (DOGEFATHER), rose a whopping 122%, hitting an exchange price of $0.0015—the highest it had been since January’s end. Another token similarly named, The DogeFather (DOGEFATHER), rose 137%, to a price of $0.0040. The boom did not end with these well-established tokens. New Dogefather-branded cryptocurrencies appeared in the hours after Elon Musk’s tweet, with opportunistic coders riding the viral wave. Some of the new tokens saw their prices jump immediately, following previous patterns whenever Musk engages with the cryptocurrency community. This is not the first time Musk’s social media behavior has caused abrupt market activity. In past cases, when he changed his handle to “Kekius Maximus” and “Harry Bōlz”, tokens of the same names experienced significant appreciation. A similar pattern unfolded in late January when the US Department of Government Efficiency (DOGE) featured Dogecoin’s logo on its website unexpectedly, as mentioned in our previous article. That action contributed to DOGE’s price to go up, showing how things outside and Musk-related ramifications affect the meme coin’s performance. In spite of the buzz about Musk’s tweet, the photo itself was photoshopped. The original picture was snapped at the Conservative Political Action Conference (CPAC) on February 20, 2025, where Musk was in attendance. As reported by the BBC, the actual photo was taken at a moment between Musk and Argentine President Javier Milei, who presented him with an ornate chainsaw. The gift had symbolic significance since Milei has often utilized chainsaws to symbolize his attempts to cut government spending in Argentina. Musk, recognizing the importance of the gift, commented, “This is the chainsaw for bureaucracy.” His remark is consistent with his present role in the US Department of Government Efficiency in the Trump administration, where he has been busy promoting federal spending reduction.

⚪️Monday: $HIMS $TEM $RIOT Earnings ⚪️Tuesday: Consumer Confidence; $HD $AXON $CAVA $AMC Earnings 🔴Wednesday: New Home Sales; $NVDA $CRM $SNOW $AI $LOW Earnings  🟡Thursday: Q4 GDP, Jobless Claims, Durable Goods, Pending Home Sales; $VST $DELL $RKLB $SOUN Earnings 🔴Friday: PCE Inflation; $FUBO Earnings  - U.S. stock index futures rose on Monday after a sharp selloff in the previous week, while Apple dipped as the iPhone maker's $500 billion investment plan fanned concerns of Big Tech overspending on artificial intelligence. - Chip stocks such as Nvidia (NVDA.O), and Micron (MU.O), rose more than 1.2% each. Nvidia's quarterly results are expected on Wednesday, putting semiconductor stocks in the spotlight for the week. - The artificial intelligence bellwether's forecast is likely to set the tone on Wall Street, after the launch of low-cost AI models from China's DeepSeek in January raised questions around hefty AI spending by Western companies. - On the data front, the Personal Consumption Expenditure index - the Federal Reserve's preferred inflation gauge - is expected on Friday and could help markets gauge the timing of the central bank's first rate cut this year. - Interest rate futures indicate the Fed will leave borrowing costs unchanged for the first half of the year, according to data compiled by LSEG. - Following Friday's soft data, markets will also be keen on the Conference Board's report on consumer sentiment and the second estimate on quarterly gross domestic product, due later in the week. Remarks from at least nine Fed policymakers will also be parsed.