FameEX Morning Crypto News Recap | February 26, 2025

U.S. Regulatory Experts: SEC May Reclassify Cryptocurrencies, Label Most Tokens as Commodities

Amy Lynch, a U.S. regulatory expert, stated on February 25 that the SEC might soon reclassify most cryptocurrencies as commodities, potentially moving them outside the agency’s regulatory scope.

Bitcoin Price Could Test $75,000 to $85,000 Range

Alex Thorn from Galaxy notes that Bitcoin has limited trading history in the $75,000 to $85,000 range, which the market may test again. The price previously broke through this range rapidly, and the 200-day moving average at $81,600 could offer support if a retest occurs.

Bitcoin Miners’ Transaction Volume Share Hits 2.4%, Lowest Since May 2023

Bitcoin miners’ share of on-chain transaction volume fell to 2.4% on February 25, marking the lowest level since May 2023, according to IntoTheBlock.

Grayscale’s Ethereum Spot ETF Staking Application Confirmed by SEC

The SEC has officially acknowledged Grayscale's application seeking approval for its Ethereum spot ETF to offer staking services.

Analysts Warn of Potential Market Capitulation Amid Downturn Signals

Juan Pellicer, senior research analyst at IntoTheBlock, suggested the market might be approaching a "capitulation phase." This term describes large-scale, panic-driven asset selloffs, often leading to sharp price declines. Historically, such capitulation events precede market bottoms, potentially setting the stage for recovery once selling pressures subside.

Japanese Yen’s 6% Surge Raises Bitcoin Volatility Concerns

Analyst Omkar Godbole noted the market anticipates a Bank of Japan rate hike, pushing the yen up nearly 6% over six weeks. This raises concerns of repeating last July’s scenario, where a yen surge led to risk aversion, dropping Bitcoin’s price from $65,000 to $50,000.

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