As of February 24, 2025, Bitcoin and Ethereum are trading within recent ranges following the Bybit hack, which drained $6 billion but did not significantly impact market sentiments. Traders continue to show a preference for long positions, indicated by positive funding rates. A notable event is Franklin Templeton's proposal for a spot SOL ETF, coinciding with a significant 11.2 million SOL unlock from the FTX estate set for March 1, possibly increasing market volatility. Technically, Solana (SOL) has dropped below its 200-day moving average, with bearish signs indicating potential continued losses. In the crypto community, President Trump's activities have sparked interest, particularly regarding gold audits and their implications for Bitcoin as a digital gold alternative. Market behavior shows mixed sentiments across various assets, with caution being advised due to shifting dynamics in traditional markets.

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