"Sonic Surges Amidst Crypto Volatility"

Generated by AI AgentCoin World
Monday, Feb 17, 2025 2:03 am ET1min read

Cryptocurrency markets continued to grapple with volatility on February 17, as Bitcoin (BTC) and several altcoins faced price declines amidst broader macroeconomic uncertainty.

Despite the overall market struggles, some coins bucked the trend, with Sonic (S) emerging as the top gainer. Bitcoin (BTC) price dropped by nearly 1% to $96,215 on Monday, fluctuating between $96,051.56 and $97,672.65 throughout the day. Bitcoin futures open interest (OI) saw a slight uptick of 0.2%, reaching $60.53 billion.

Ethereum (ETH) also faced challenges, with a decline of over 1% in the past 24 hours, bringing its price to $2,664. Ethereum's price fluctuated between $2,655.30 and $2,724.40 during the day. Ethereum futures OI dropped by 0.5%, now standing at $22.95 billion.

XRP experienced a notable 3% drop in price, trading at $2.70. The coin's intraday low and high were recorded at $2.70 and $2.80, respectively. XRP's futures OI also saw a decline of nearly 5%, now at $4.10 billion.

Solana (SOL) saw a steep drop of 5% on Monday, with its price falling to $184. The coin's 24-hour low and high were $184 and $196, respectively. While Solana's performance mirrors the overall market downtrend, its futures OI increased by nearly 9% in the last 24 hours, reaching $5.88 billion.

Meme coins also took a hit, with Dogecoin (DOGE) losing nearly 2%, trading at $0.26. Shiba Inu (SHIB) followed suit, dropping by over 1% to $0.00001592. TRUMP coin, another meme crypto, saw a 3% decline, trading at $18.36.

Despite the broader market's struggles, Sonic (S) emerged

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