Gate.io Blog Daily News | BTC Fell Below $95,000 Again During Intraday Trading, Is the Altcoin Season Fading Away?

Daily News | BTC Fell Below $95,000 Again During Intraday Trading, Is the Altcoin Season Fading Away?

12 February 11:22

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/article/17393304318.png)
## Crypto Daily Digest: SEC approved multiple Solana spot ETF filings, Powell reiterated no need to rush to adjust interest rates
According to Farside Investors data, yesterday, the U.S. <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> spot ETF had a net outflow of $27.3 million, of which Bitwise BITB had a net outflow of $930,0000, and BlackRock IBIT had no inflows or outflows; the U.S. <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> spot ETF had no inflows or outflows.

**The US SEC has approved multiple <a href="/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> spot ETF filings**

The US SEC confirmed several spot <a href="/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> ETF filings on Tuesday, marking the first step in the market for a new type of Altcoin financial instrument.

Cboe BZX trading platform filed a proposed rule change form to list and trade a spot Solana ETF from potential issuers including 21Shares, Bitwise, Canary Capital and VanEck. So far, the process has been similar to previous attempts to launch a spot <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ETF.

**Fed Chairman reiterated no need to rush to adjust interest rates**

Fed Chairman Powell reiterated that there is no need to rush to adjust interest rates. Powell said that the Fed's framework assessment will not focus on the inflation target, and the inflation target will remain at 2%. If the economy continues to be strong and inflation does not move closer to 2%, the policy can be maintained for a longer period of time. If the labor market unexpectedly weakens or inflation falls more than expected, the policy can be moderately relaxed. The overall US economy is strong, and the inflation rate is close to the 2% target, but it is still slightly high.

**Hong Kong Confirmed Bitcoin and <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> Can Be Used to Prove Wealth for Visa Applications**

According to ChainCatcher, a spokesperson for Invest Hong Kong, the government agency responsible for promoting foreign investment in the Hong Kong Special Administrative Region, confirmed that cryptocurrencies such as Ethereum (ETH) and Bitcoin (BTC) can be used as proof of assets when applying for a new Capital Investor Entrant Scheme visa.

The visa requires applicants to prove net assets worth at least HK$30 million ($3.8 million) over a specified period. There are no specific asset types required, but a valuation report must be signed by a chartered accountant, a spokesman said in an email.

## Market Trends: Bitcoin continued to fluctuate, B3 24-hour increase exceeded 120%
### Market Hotspots
B3 broke through $0.015, with a 24-hour increase of 125.77%, and is now quoted at $0.01587. Yesterday, B3 announced the token economic model, with a total supply of 100 billion, of which 34.2% is allocated to the community and ecosystem;

In the past 24 hours, LAYER’s entire network has been liquidated for $232 million, of which long orders have been liquidated for $152 million and short orders have been liquidated for $79.911 million. It is worth mentioning that LAYER’s liquidation was $20.5085 million, second only to BTC (liquidation of $43.5602 million) and ETH (liquidation of $31.5684 million).

### Mainstream Coins
BTC continued to fluctuate, and even fell below $95,000 during the session. Since breaking through the $10,0000 mark, Bitcoin has been in a state of volatility, indicating continued upward pressure. However, more and more market analysts believe that the consolidation is nearing its end, and BTC may be close to a major breakthrough;

ETH's trend closely follows the market, falling below $2,600 during the session. Currently, the market lacks confidence in ETH, and the capital <a href="/price/flow-flow" target="_blank" class="blog_inner_link">flow</a> of the US Ethereum spot ETF is not active enough;

Impacted by the overall market, Altcoins are experiencing a general decline, and the Altcoin season that the market expects is getting further and further away. However, trending sectors such as AI Agents and DeFAI have developed independent trends. As AI-related investments continue to grow in 2025, AI themes may continue to lead the market for some time.

## Macro news: The three major U.S. stock indexes rose and fell, and most S&P 500 companies' earnings exceeded expectations
The three major U.S. stock indexes rose and fell, with the Dow Jones Industrial Average rising slightly, the S&P 500 rising slightly, and the Nasdaq falling slightly. As of the close, the Dow Jones Industrial Average rose 0.28% to 44,593.65 points; the S&P 500 rose 0.03% to 6,080.50 points; and the Nasdaq fell 0.36% to 19,643.86 points.

About two-thirds of S&P 500 companies have reported earnings so far, with 77% beating earnings expectations, according to FactSet.

<div class="blog-details-info">
<div>Author:**Orisi**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

ETH/USDT -0.63%

BTC/USDT + 0.15%

GT/USDT -1.99%

Crypto Daily Digest

Market Trends

Macro

Unbox Your Luck and Get a $6666 Prize

Daily News | BTC Fell Below $95,000 Again During Intraday Trading, Is the Altcoin Season Fading Away?

Select language and region

Fiat Currencies