What Happened in Crypto Today? Market Surges as Pi Coin Launches!

By / / Crypto News, Daily News
What Happened in Crypto Today? Market Surges as Pi Coin Launches!
Table Of Contents
  1. Global Crypto Market Update – February 20, 2025
  2. Pi Network Officially Goes Live – Can You Trade Pi Now?
  3. Ethereum Reserves Hit Record Lows – Is an ETH Breakout Coming?
  4. Coinbase CEO Stirs Controversy – Calls Bitcoin a "Memecoin"!
  5. Trump’s Crypto Shake-Up – Will It Lead to a Bull Run?
  6. SEC Legal Defeat – A Win for DeFi and Crypto Growth
  7. Crypto Fear & Greed Index – What’s Next for the Market?
  8. Final Thoughts: Is Crypto Headed for a New All-Time High?

Global Crypto Market Update – February 20, 2025

The crypto market is surging, with the total market cap reaching $3.2 trillion, marking a 1.55% increase over the last 24 hours. However, despite the rising market cap, trading volume has dropped 17.83%, totaling $83.89 billion in daily transactions.

🔹 DeFi remains a key player, contributing $6.76 billion in trades, making up 8.06% of total activity.
🔹 Stablecoins dominate, accounting for $78.29 billion or 93.32% of the 24-hour trading volume.

With major developments unfolding, the question on everyone’s mind is: Will the market continue its bullish momentum?

Pi Network Officially Goes Live – Can You Trade Pi Now?

Yes! After years of waiting, Pi Network has finally launched its Open Mainnet today, February 20, 2025, at 08:00 AM UTC. Pi Coin is now listed on major exchanges, including:

✅ OKX
✅ Bitget
✅ Bitrue
✅ HTX
✅ BitMart

To celebrate the launch, Bitget is giving away $60,000 in Pi tokens! With millions of Pioneers now able to trade their mined Pi, the market is buzzing.

Could this long-awaited launch be the catalyst behind today’s crypto surge?

Ethereum Reserves Hit Record Lows – Is an ETH Breakout Coming?

Exchange-held Ethereum reserves have plunged to a 9-year low, with only 8.2 million ETH available on trading platforms. A dwindling supply often signals a liquidity squeeze, which could drive prices higher.

📈 Bullish signals:
🔹 RSI (Relative Strength Index) is near oversold levels.
🔹 MACD crossover hints at upward momentum.

If this trend continues, Ethereum could be on the verge of a major breakout. Could ETH be the next coin to lead the rally?

Coinbase CEO Stirs Controversy – Calls Bitcoin a “Memecoin”!

1. In a surprising statement, Coinbase CEO Brian Armstrong called Bitcoin “somewhat of a memecoin”. His remarks come as meme tokens like LIBRA and BROCCOLI see wild price swings.

2. While some dismissed his comment as market hype, others believe it highlights the growing cultural influence of cryptocurrencies beyond1 their technical utility.

Could Bitcoin’s dominance be challenged by emerging trends?

Trump’s Crypto Shake-Up – Will It Lead to a Bull Run?

Since taking office, President Trump has made several pro-crypto moves that have reshaped the market:

✅ Appointed Scott Bessent, a known Bitcoin advocate, as Treasury Secretary.
✅ Formed the National Crypto Working Group to regulate and support blockchain innovation.
✅ Banned CBDCs (Central Bank Digital Currencies) while advocating for private crypto projects.
✅ Revamped the SEC, signaling a more crypto-friendly stance.

With these developments, many investors see a promising future for crypto under Trump’s administration.

Could this policy shift fuel the next bull run?

SEC Legal Defeat – A Win for DeFi and Crypto Growth

In a landmark decision, the SEC backed down from its appeal against a Texas court ruling that struck down its controversial broker-dealer rule targeting DeFi platforms.

This legal victory is seen as a huge boost for the DeFi sector, reinforcing confidence in decentralized finance and crypto innovation.

Crypto Fear & Greed Index – What’s Next for the Market?

📊 Investor Sentiment Today:

🔹 Current Score: 49 (Neutral) – Market is balanced.
🔹 Yesterday: 44 (Fear) – Cautious traders.
🔹 Last Week: 50 (Neutral) – Steady momentum.
🔹 Last Month: 76 (Extreme Greed) – Over-excitement before corrections.

With Pi Network’s launch, Trump’s crypto policies, and a strong ETH outlook, will bullish sentiment return and push the market into “Greed” territory?

Final Thoughts: Is Crypto Headed for a New All-Time High?

With Pi’s long-awaited launch, Ethereum’s supply crunch, legal wins for DeFi, and new pro-crypto policies, the market is primed for a breakout.

Will this momentum carry Bitcoin, Ethereum, and Pi Coin to new highs? Stay tuned for the latest updates! 🚀

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