This Week In Cryptocurrency: Fed Announcements and Financial Results – Which Crypto Should You Invest In?
As of February 17, 2025, Bitcoin (BTC) has fallen to $96,228 after a tumultuous week, impacting other cryptocurrencies like Ripple (XRP), Solana (SOL), and Dogecoin (DOGE).
While traditional U.S. markets will be closed on Presidents’ Day, the crypto market continues its 24/7 trading, showcasing signs of weakness — described by some as a “bear trap.”
I CALLED THIS IN 2022 WHEN 99% OF PEOPLE ON CT WERE BEARISH.
WE ARE IN A BEAR TRAP AGAIN.
MASSIVE PUMP IS COMING 🔥
JUST READ THE PRICES BELOW…. Link
— Ash Crypto (@Ashcryptoreal) February 16, 2025
Federal Reserve Will Dominate Headlines This Week
The focus will shift to multiple speeches from key officials and the January minutes from the Federal Open Market Committee (FOMC). This includes remarks from Philadelphia Fed President Patrick Harker, San Francisco Fed President Mary Daly, Chicago Fed President Austan Goolsbee, and St. Louis Fed President Alberto Musalem.
On February 21, PMI and Consumer Sentiment Index data will also be released, along with the earnings reports from significant S&P 500 companies, including Walmart and Alibaba.
Best Crypto To Buy?
As uncertainty looms, many investors are considering Wall Street Pepe (WEPE), which recently raised over $72 million during its presale and is set to launch on Uniswap today. Each unit will trade at $0.0003665, with potential gains expected in the coming days.
Image
Key Takeaways
- Bitcoin has declined to $96,228 amid economic uncertainties.
- Major earnings reports are expected from around 20% of S&P 500 companies, including significant retail and e-commerce firms.
