FameEX Morning Crypto News Recap | February 26, 2025

U.S. Regulatory Experts: SEC Could Reclassify Most Cryptocurrencies as Commodities

U.S. regulatory expert Amy Lynch predicted the SEC could soon redefine cryptocurrencies as commodities, shifting most tokens beyond its jurisdiction.

Bitcoin May Test $75,000–$85,000 Price Range

Galaxy’s Alex Thorn highlights Bitcoin’s sparse trading activity in the $75,000–$85,000 range, suggesting the market may revisit this zone. Having previously surged through, the 200-day moving average at $81,600 could provide key support on a retest.

Bitcoin Miners’ Share of Transaction Volume Falls to 2.4%, Lowest Since May 2023

On February 25, Bitcoin miners’ share of total on-chain transaction volume reached a record low of 2.4%, as reported by IntoTheBlock.

SEC Confirms Grayscale’s Ethereum Spot ETF Staking Application

The SEC officially confirmed Grayscale’s application, which requests approval for its Ethereum spot ETF to include staking services.

Analysts Predict Possible Market Capitulation as Downturn Signs Emerge

Juan Pellicer, senior analyst at IntoTheBlock, proposed that the market is nearing a “capitulation phase,” characterized by widespread panic selling and steep price drops. Historically, such episodes frequently signal a market bottom, paving the way for eventual recovery.

Japanese Yen Gains 6%, Stoking Bitcoin Volatility Fears

Omkar Godbole observed market anticipation of a Bank of Japan rate hike, driving the yen up 6% over six weeks. This rekindles concerns from last July, when a yen surge prompted risk aversion, sending Bitcoin’s price from $65,000 to $50,000.

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