{"id":13389,"date":"2025-02-20T11:39:23","date_gmt":"2025-02-20T11:39:23","guid":{"rendered":"https:\/\/digitaltradecenter.com\/index.php\/2025\/02\/20\/crypto-market-recap-ftx-starts-debt-repayment-sol-down-over-40-percent-in-a-month\/"},"modified":"2025-02-20T11:39:23","modified_gmt":"2025-02-20T11:39:23","slug":"crypto-market-recap-ftx-starts-debt-repayment-sol-down-over-40-percent-in-a-month","status":"publish","type":"post","link":"https:\/\/digitaltradecenter.com\/index.php\/2025\/02\/20\/crypto-market-recap-ftx-starts-debt-repayment-sol-down-over-40-percent-in-a-month\/","title":{"rendered":"Crypto Market Recap: FTX Starts Debt Repayment, SOL Down Over 40 Percent in a Month"},"content":{"rendered":"<\/p>\n

Here’s a quick recap of the crypto landscape for Wednesday (February 19) as of 9:00 AM UTC.<\/strong><\/p>\n<\/p>\n

\n

Bitcoin and Ethereum price update <\/h3>\n

Bitcoin is trading at US$96,256, recording a 0.018 percent increase over 24 hours. <\/p>\n

The day’s trading range has brought a high of US$96,666 and a low of US$93,408.<\/p>\n

Meanwhile, Ether is priced at US$2,712.17, marking a rise of 0.436 percent over 24 hours. The cryptocurrency reached an intraday high of US$2,736.43 and a low of US$2,608.86.<\/p>\n<\/div>\n

\n

Altcoin price update <\/h3>\n
    \n
  • Solana (SOL)<\/strong> is currently valued at US$172.20, 1.175 percent higher over 24 hours, after hitting a daily high of US$174.04 and a low of US$161.60.<\/li>\n<\/ul>\n
      \n
    • XRP<\/strong> went down to US$2.59, reflecting a 0.766 percent decrease over 24 hours. The cryptocurrency reached an intraday high of US$2.63 and a low of US$2.47.<\/li>\n<\/ul>\n
        \n
      • Sui (SUI)<\/strong> is trading at US$3.15, near its highest valuation of the day and a 0.639 percent increase. It achieved a daily high of US$3.20 and a low of US$2.93.<\/li>\n<\/ul>\n
          \n
        • Finally, Cardano (ADA)<\/strong> is down, priced at US$0.7644, reflecting a 3.275 percent decrease over 24 hours. Its highest price on Wednesday was US$0.7953 and its lowest was US$0.7365.<\/li>\n<\/ul>\n<\/div>\n
          \n

          Crypto news to know <\/h3>\n

          FTX starts creditor repayments<\/h4>\n

          FTX Digital Markets has begun repaying US$1.2 billion to creditors, marking a new step in its ongoing bankruptcy proceedings. The first round of payments prioritizes creditors with claims under US$50,000. <\/p>\n<\/p>\n

          FTX creditor Sunil, a member of the exchange\u2019s largest creditor group, said over 1,500 claimants will receive payments in this initial round. However, larger creditors are still awaiting further updates. <\/p>\n

          The FTX collapse in 2022 contributed to one of the harshest downturns in crypto history. <\/p>\n

          While the repayments signal progress, many large claims remain unresolved. Future repayments and creditor actions will determine the long-term effects on market liquidity and investor confidence.<\/p>\n

          SOL down over 40 percent in last month<\/h4>\n

          SOL has now dropped over 40 percent in the past month, trading around the US$170 level at this writing. <\/p>\n

          The decline follows a peak of nearly US$290 on January 19, according to Coinbase data.<\/p>\n

          Aran Hawker, CEO of CoinPanel, described the situation to Forbes as a \u201cperfect storm\u201d caused by multiple bearish factors, including waning meme coin interest, a sharp drop in on-chain activity and declining investor confidence.<\/p>\n

          Another major factor pressuring SOL is the upcoming March 1 token unlock, which will release 11.16 million tokens into circulation. Institutional investors have reportedly shifted holdings from SOL to ETH in anticipation of this event.<\/p>\n<\/div>\n

          Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n

          Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

          This post appeared first on investingnews.com<\/div>\n

          <\/p>\n","protected":false},"excerpt":{"rendered":"

          Here’s a quick recap of the crypto landscape for Wednesday (February 19) as of 9:00 AM UTC. Bitcoin and Ethereum price update Bitcoin is trading at US$96,256, recording a 0.018 percent increase over 24 hours. The day’s trading range has brought a high of US$96,666 and a low of US$93,408. Meanwhile, Ether is priced at <\/p>\n","protected":false},"author":1,"featured_media":13390,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-13389","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts\/13389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/comments?post=13389"}],"version-history":[{"count":0,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts\/13389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/media\/13390"}],"wp:attachment":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/media?parent=13389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/categories?post=13389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/tags?post=13389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}