Cryptocurrencies Surge Amidst Dollar Weakness; BingX Labs Invests $100,000 in AI Music Platform Fireverse

In the past 24 hours, cryptocurrencies experienced a broad rally, driven by a weakening U.S. Dollar and easing global bond yields, despite ongoing trade tariff turbulence and inflation concerns. Bitcoin (BTC) increased by 0.8% to $96,701.51, remaining about 11% below its all-time high, according to RTTNews. Ethereum (ETH) rose by 2.1% to $2,699.74, approximately 45% below its peak in November 2021. XRP saw a significant jump of over 12% to $2.73, fueled by expectations of an XRP-based ETF approval. Solana (SOL) increased by 4.3% to $197.87, while BNB slipped by 5.2% to $664.56. Dogecoin (DOGE) rallied 6.5% to $0.271, and Cardano (ADA) gained 4.2% to $0.8077. The overall crypto market capitalization increased by 1.2% to $3.22 trillion, with meme coins leading gains at 6.2%. However, trading volume decreased by 21% to $96 billion. Bitcoin Spot ETF products in the U.S. saw outflows of $157 million on Friday, according to data from Farside Investors. Separately, on February 14, 2025, BingX Labs announced a $100,000 strategic investment in Fireverse, an AI-driven music creation platform, to foster Web3 innovation in the music industry, according to PRNewswire. The investment aims to enhance Fireverse's infrastructure and promote decentralized collaboration.