Bitcoin Holds Steady, ETH Outperforms SOL, TRUMP, Shiba Inu, Plummet: On-Chain Data Report

Bitcoin (BTC) has maintained its position above the crucial support level of $90,560, demonstrating resilience in the face of recent market fluctuations. As of February 18, 2025, Bitcoin is trading at approximately $96,165, representing a 33.74% potential increase by March 23, 2025, according to our current Bitcoin price prediction. This bullish outlook is supported by various technical indicators, including the Fear & Greed Index, which stands at 49 (Neutral), and the Sentiment, which is also Neutral.



Ethereum (ETH), on the other hand, has outperformed other cryptocurrencies like Solana (SOL), TRUMP, Shiba Inu, and Plummet. Ethereum's price reached a new all-time high of $109,140 on January 20, 2025, reflecting investor optimism over anticipated pro-crypto policies from the new U.S. administration. This strong performance has contributed to Ethereum's growing market capitalization and stable dominance in the crypto market.



On-chain data reports indicate a decrease in Bitcoin's active addresses and volume by over 30% in the past few weeks, suggesting a period of consolidation. However, this does not negate the overall bullish trend for Bitcoin, as the price has consistently held above key support levels. Moving averages, such as the 50-week and 100-week moving averages, also point to a bullish trend, with Bitcoin remaining above these averages.



The recent performance of meme coins like TRUMP, Shiba Inu, and Plummet highlights the volatility and speculative nature of these assets. While the TRUMP meme coin initially surged in price, it has since experienced a significant crash, erasing billions in market capitalization. This volatility is attributed to factors such as speculative nature, community sentiment, lack of regulation, low liquidity, and market sentiment contagion.



In conclusion, Bitcoin has demonstrated resilience and maintained its bullish trend, while Ethereum has outperformed other cryptocurrencies. On-chain data reports indicate a period of consolidation for Bitcoin, but the overall trend remains bullish. Meme coins like TRUMP, Shiba Inu, and Plummet have exhibited extreme volatility, highlighting the risks associated with these speculative assets. Investors should stay informed and consider market conditions before making trading decisions.