Cryptocurrency Market: Key Events of the Day

🟨As of February 5, 2025, the total cryptocurrency market capitalization stands at $3.28 trillion. Bitcoin (BTC) dropped 1.46% to $97,855, while Ethereum (ETH) rose 1.93% to $2,762. The top gainer among the top 100 was Melania Meme (MELANIA) with an 18.76% increase.

🟨Crypto funds saw an inflow of $341 million, with $249 million coming from BlackRock’s ETF IBIT. Bitdeer is investing $120 million in a data center in Canada. Meanwhile, the SEC is easing its oversight of digital assets, and Tether is developing AI services.

🟨XRP Ledger experienced a technical failure, and the SparkCat malware is infecting devices, stealing users’ crypto data.