Sun Feb 09 12:10:00 UTC 2025: ## Crypto Market Sees Dip as Bitcoin Price Falls Below $97,000

**New York, NY** – Bitcoin (BTC) is experiencing a downturn, trading around $97,000 on Friday after a nearly 5% drop over the last three days. This decline coincides with a significant drop in Bitcoin network activity, reaching its lowest point in a year, according to a CryptoQuant weekly report. Ethereum (ETH) and Ripple (XRP) are also struggling to recover, suggesting further corrections may be on the horizon.

The weakening crypto market comes amid anticipation of FTX’s upcoming repayments to creditors starting February 18th, which is expected to introduce further volatility into Bitcoin’s price. Traders are advised to exercise caution.

On a more positive note, Ripple’s XRP saw increased attention following the Cboe’s filing with the SEC to list XRP exchange-traded funds (ETFs) for several asset managers. Meanwhile, Ondo price is approaching a key resistance level ($1.38); a break above this could signal a rally, especially with the recent launch of its institutional-grade RWA Layer 1 blockchain, Ondo Chain.

Forex traders are also advised to be aware of potential downward pressure in the market, managing risk appropriately and understanding leverage. FXC and FXC TV provide educational resources, but do not guarantee success. Consult your FXC account manager or use the chat function for more information.

**Disclaimer:** *This news article is for informational purposes only and does not constitute investment advice. Trading foreign exchange on margin carries significant risk and may not be suitable for all investors.*

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