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Analysis: Shitcoin Volume Drops by 50%, Funds Flow Back into Bitcoin

2 hours ago

**CryptoQuant Analyst: Bitcoin Consolidates as Altcoin Volume Slides** On February 18, CryptoQuant analyst Darkfost stated: “After a sharp correction, Bitcoin is now consolidating between $65,000 and $72,000. This range includes a large number of whales, long-term holders, and even institutional investors. During deep retracements or late bear market phases, investors typically rotate funds back to Bitcoin while cutting altcoin allocations.” Altcoin trading volume has been hit hardest in this correction. On Binance, altcoins’ share of total trading volume dropped to 33.6% by February 13—down from a November peak of 59.2%, with trading activity nearly halved. This pattern has repeated in prior correction phases, including around April 2025, August 2024, and late October 2022 (near the end of the bear market). When market uncertainty rises and pressure mounts, Bitcoin’s trading volume dominance tends to climb. In this environment, investors naturally gravitate toward BTC, further solidifying its status as a safe haven asset and the market’s core benchmark.
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Bitcoin Surges Past $68,000, Ethereum Surges Past $2,000

February 18th: Bitcoin has surpassed $68,000 and Ethereum has broken above $2,000, per HTX market data. Bitcoin’s 24-hour gain stands at 1.34%, while Ethereum’s 24h increase is 2.24%.

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Kraken Acquires Token Custodian Company Magna in Preparation for Its IPO

Feb. 18 — Crypto exchange Kraken announced Wednesday it has acquired token custodian platform Magna, per a Fortune report. The firm declined to disclose specific terms of the deal, which closed last Friday. This marks Kraken’s sixth acquisition in the past year, including its $1.5 billion purchase of U.S. futures platform NinjaTrader in March of this year.

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Spot Gold Reclaims $5000 Per Ounce Level

Spot gold surged above $5,000 per ounce on February 18, climbing 2.53% intraday, per data from Bitget.

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BitMine increased its ETH holdings by another 20,000 coins 2 hours ago

As of Feb. 18, LookOnChain data shows BitMine has acquired an additional 20,000 ETH (valued at $39.8M) from BitGo in the last two hours.

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Bank of America discloses holding 3,162,085 BMNR shares in Q4 2025, with a holding increase of 1668%.

On February 18, TheStreet reported that U.S. Bank’s 13F filing with the SEC revealed the lender held 3,162,085 shares of Bitmine (BMNR) stock in Q4 2025, with the position valued at roughly $85.8 million. That marks a massive 1,668% surge in its BMNR stake, up from just 178,808 shares held in the prior period.

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US Stock Market Opens with Crypto-related Stocks Seeing a Widespread Decline, GEMI Falls by 3.26%

February 18th — Bitget market data indicates that as U.S. stock markets opened, the Dow Jones Industrial Average rose 0.16%, the S&P 500 gained 0.28%, and the Nasdaq Composite climbed 0.23%. Crypto-related stocks were broadly lower, with: - GEMI down 3.26% - MSTR down 1.5% - HOOD down 1.33% - BMNR down 1.09%

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