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The initial joke of $DOGE transformed into one of the most well-known digital assets in the market. The combination of a lively community and powerful social media engagement drives $DOGE achievement. Elon backing significantly contributed to $DOGE price growth while many traders benefited from its sudden price jumps. The value of $DOGE fluctuates based on what people think about it and current online trends. The cryptocurrency provides fast gains when markets are hyped yet its sustained value remains uncertain.

Social media is buzzing with discussions around Bitcoin ($BTC ) as traders analyze its price movements and market dominance. Notably, influential crypto figures are debating Bitcoin reserves, further highlighting its role as the leading asset in the sector. Dogelon Mars ($ELON ) has gained traction, largely due to speculation around Elon Musk’s influence on Dogecoin ($DOGE ). Some believe Musk’s actions in blockchain technology and his ties to U.S. regulators might indicate deeper involvement in the crypto space, fueling speculation. Ethereum ($ETH) is seeing renewed interest, thanks to institutional investments. Reports suggest BlackRock has been accumulating ETH, leading to increased optimism about Ethereum’s long-term role in the ecosystem. Meanwhile, ETH’s market performance remains a hot topic across various crypto forums. Ledger AI ($LEDGER) is also making waves, with discussions centered on crypto security and private key storage. A recent XRP Ledger outage further sparked debates on blockchain security and network reliability. Tether ($USDT) remains a go-to stablecoin for traders, with high trading volumes reinforcing its dominance. Lastly, FTX Token ($FTT) is back in focus after news that creditors owed under $50,000 will start receiving payments by February 2025. The crypto community is debating how these repayments might affect the market, with some expecting reinvestment into digital assets.

🥇 Top Crypto Gainers & Losers: Thuesday, Feb 6 (24H) 📈 Top Gainers: FPI Bank ($FPIBANK) +242.2% Berachain ($BERA) +71.4% SafeMoon ($SFM) +70.8% 📉 Top Losers: Alpha ($ALPHA) -64.1% Flayer ($FLAY) -42.2% Elon4AfD ($ELON4AFD) -37.6%

Bitcoin (BTC) Once more, guiding mentions on social media is $BTC . Many people are talking about its price swings, market research, and generally shared trading cues. Not only that, some important figures in the crypto scene actively participate in conversations over Bitcoin reserves and market dominance. This shows a rising curiosity in $BTC as the primary financial tool used in the sector. Dogelon Mars (ELON) Particularly in relation to Elon Musk’s impact on Dogecoin, the mention on $ELON has flown. Some users are wondering whether Musk is merely an outside influence on Dogecoin’s price swings or if he is really actively involved with it. Moreover, Musk’s activities with blockchain technologies and the US Treasury Department raise questions. Not few also draw attention to the political influence of his several choices and ideas, which have generated a lot of debate among crypto enthusiasts. Ethereum (ETH) Particularly because of the sharply growing institutional interest, $ETH has been one of the trending terms. Globally operating investment company BlackRock has allegedly bought $ETH in huge quantities, with many thinking that big investments from reputable institutions could improve Ethereum’s status in the crypto ecosystem, and this action has inspired an optimistic stance in the market. Furthermore, the performance of ETH on the market has started to be a hot issue on several social media channels. Ledger AI (LEDGER) Especially in relation to crypto asset security, the mention on LEDGER has also been more intense. Often referred to as the primary method in safeguarding private keys and recovery phrases, Ledger AI is a hardware wallet. Conversely, the crypto community also talked about the event on the XRP Ledger whereby block production was momentarily halted. This sparked new debates on security in handling digital assets and generated questions about the dependability of the network. Tether (USDT) Especially in terms of take-profit targets and profit percentages, USDT is still among the most often mentioned stablecoins. The great trading volumes show that USDT remains a popular choice for traders purchasing and selling other cryptocurrencies. Both individual and institutional investors are drawn to its consistent position in the crypto trading space. FTX Token (FTT) FTX is trending again after news of the creditor payment plan broke, as we previously reported. There’s been more chatter about claims under $50,000, set to start on February 18, 2025 Some creditors might put their money back into crypto, and people on Twitter and crypto forums are already debating how that could affect the market.

Musk’s blockchain proposal sparks legal, economic, and market instability concerns. Crypto markets tumble as Musk’s Treasury access fuels investor uncertainty. Experts warn blockchain integration may weaken the US dollar’s global dominance. Elon Musk set off controversy with a bold proposal to shift the US Treasury onto blockchain technology. His plan comes after a dramatic weekend during which he reportedly accessed sensitive Treasury data, including Social Security and Medicare records. Although he only has “read-only” access, concerns have surfaced over the security of personal information. Musk argues that Treasury officials routinely approve questionable payments, and that blockchain could offer a clear record of accountability. However, his proposal has sparked strong opposition, legal challenges, and market instability. The crypto sector reacted poorly, with major digital assets suffering sharp declines. While Musk claims that blockchain integration would cut costs, critics warn of economic risks and a weakened US dollar. Elon Musk has "confirmed he wants to put the U.S. Treasury on a blockchain," per Forbes. — unusual_whales (@unusual_wh… The post Musk Proposes Moving Treasury to Blockchain, Stirring Fierce Debate appeared first on Coin Edition.