f(x) Coin to Hold AMA on X on February 12th

CoinDesk Bitcoin Price Index is down $1141.42 today or 1.18% to $95752.70

• Lowest 4 p.m. level since Jan. 13, 2025, when it traded at $93562.06
• Down seven of the past eight days
• Down four consecutive days, down 5.42% over this period
• Longest losing streak since Nov. 26, 2024, when it fell for four straight trading days
• Down 5.78% month-to-date
• Up 2.5% year-to-date
• Down 10.29% from its all-time high of $106734.51 on Dec. 17, 2024 (based on 4 p.m. levels)
• Up 101.40% from 52 weeks ago (Feb. 9, 2024), when it traded at $47543.32
• Down 10.29% from its 52-week high of $106734.51 on Dec. 17, 2024 (based on 4 p.m. levels)
• Up 101.40% from its 52-week low of $47543.32 on Feb. 9, 2024 (based on 4 p.m. levels)
• Traded as low as $95683.75
• Down 1.25% at today's intraday low

Note: CoinDesk Bitcoin Price Index (XBX) at 4 p.m. ET close

Data compiled by Dow Jones Market Data

The Dogecoin price has started out this month with a crash, sparking a bearish sentiment among DOGE investors. This bearish sentiment is further strengthened by historical data, which suggests that these investors shouldn’t be too optimistic about the foremost meme coin recording significant gains this month.

Dogecoin Starts February With 23% As Historical Data Paints Bearish Picture

CryptoRank data shows that the Dogecoin price has suffered a 23% crash since the start of February. This follows the monthly green close, which the foremost meme coin enjoyed in January, with a 4% gain in the first month of the year. Amid this price crash since the start of this month, historical data also points to a bearish outlook for DOGE throughout this month.

Further data from CryptoRank shows that February is historically a bearish month for Dogecoin. The foremost meme coin has suffered a monthly average loss of 1% in February since it launched in 2013. DOGE has had only four monthly green closes in February over the last twelve years.

However, it is worth mentioning that Dogecoin has only once closed out February with a loss of over 20%, which was in 2014, when its price crashed by over 30%. As such, the meme coin could still witness a relief bounce, which could lessen the severity of the 23% price crash suffered since the start of this month.

Meanwhile, despite the historical data painting a bearish outlook for Dogecoin, crypto analysts have provided a bullish outlook for the meme coin. Crypto analyst Master Kenobi recently highlighted a similarity between DOGE’s current price action and that of the 2017 bull run. Based on the similarities, he predicted that Dogecoin could soon begin the next leg of its bull run, rallying above $1 and reaching a market peak sometime in April.

DOGE Can Still Reach $10 In This Cycle

In an X post, crypto analyst Ali Martinez predicted that Dogecoin could still reach $10 in this market cycle. He stated that as long as DOGE holds above $0.19, the setup for a parabolic rally toward $10 remains strong. The analyst added that momentum is building for the foremost meme coin, indicating that it could soon begin the next leg of its bull run.

Crypto analyst Trader Tardigrade predicted that Dogecoin could at least reach $4.5. He stated that DOGE’s Average Directional Index (ADX) signals a potentially massive bull run on the horizon. The ADX measures trend strength by quantifying the degree of directional movement in price. Analyzing the weekly chart, the analyst asserted that a “super strong trend” could happen soon and will reach its peak in the coming weeks as the meme coin reaches $4.5.

At the time of writing, the Dogecoin price is trading at around $0.25, down over 4% in the last 24 hours, according to data from CoinMarketCap.

Tornado Cash developer Alexey Pertsev was released from prison custody on Feb. 7 and will remain on house arrest while he prepares his legal appeal.

On Feb. 6, a Dutch court suspended Pertsev’s pretrial detention, which began in August 2022 and was extended in a prior court ruling in November 2024.

As part of the pretrial release, Pertsev must be electronically monitored. “It is not real freedom, but it is better than prison,” the developer wrote in a Feb. 6 social media post.

Pertsev’s case raised alarm among privacy advocates, who decried the legal action as setting a dangerous precedent for privacy-preserving technologies and developers of immutable code.

Braden John Karony, the former CEO of crypto firm SafeMoon, has requested a judge delay his criminal trial, seemingly hoping that the Trump administration’s approach to digital assets could result in at least one charge being dropped.

In a Feb. 5 filing in the US District Court for the Eastern District of New York (EDNY), Karony asked a federal judge to push jury selection for his trial from March to April 2025, citing “significant changes” proposed by the Securities and Exchange Commission under President Donald Trump.

The SafeMoon CEO’s legal team cited a Trump executive order signed on Jan. 23 exploring potential changes to the country’s regulations on digital assets, as well as a statement from SEC Commissioner Hester Peirce suggesting the commission would consider “retroactive relief” for certain crypto cases.

“Under the current scheduling order in this case, the parties may learn within days or hours of the commencement of trial that DOJ no longer considers digital assets like SafeMoon to be ‘securities’ under the securities laws,” said Karony’s lawyers. “Worse, the parties may learn this during or shortly after a trial, half of whose charges rest on the government’s claim that SafeMoon is such a security.”

New artificial intelligence agent launches on the Virtuals Protocol plummeted in February amid sharp drawdowns in AI token prices, according to data from Dune Analytics.

Fewer than 100 new AI agent tokens have launched on the Virtuals platform so far in February, sharply down from November highs that saw as many as 1,300 new pairs debut in a single day, according to Dune.

Virtuals is an engine for launching AI agents and associated tokens. Originally deployed on the Ethereum layer-2 network Base, Virtuals is preparing to expand to Solana, which is considered a hub for AI token activity.

The protocol is best known for hosting AI agents such as Aixbt, which monitors social media sentiment to identify promising cryptocurrency trades and operates its own X account. As of Feb. 7, the AIXBT token trades at a market capitalization of more than $200 million, according to Virtuals’ website.

In total, developers have launched more than 17,000 AI agent tokens on Virtuals, data shows. Fewer than 100 trade at market capitalizations of over $1 million, according to Virtuals’ website.

As Utah became the first state to get a bill through a legislative chamber that would allow the investment of public money into crypto assets, lawmakers in two other states joined the hunt this week: Kentucky and Maryland.

Though broadly identified with the Republican-led charge toward a so-called "bitcoin strategic reserve" at the federal level, the states have moved their own measures, widely varied as to how each might invest state money into digital assets.

Utah's bill to allow the state treasurer to put money into digital assets survived a tight vote in the Utah House of Representatives — advancing with just a three-vote margin — to head on Friday to the state senate. If it clears both chambers and is signed into law by the governor, the legislation would permit investing public money into stablecoins or cryptocurrency with a market cap of more than $500 billion, which is currently a single-name list: bitcoin.

The new bill in Maryland this week, introduced by Democrat Delegate Caylin Young, pushes for a bitcoin strategic reserve, much like the one contemplated by U.S. Senator Cynthia Lummis. In Maryland, the reserve would be funded through revenue from the enforcement of gambling violations.

The legislation in Kentucky also landed this week, with two bills — so far — that would open state retirement funds for investment in digital assets exchange-traded funds. The bills would also throw up roadblocks for the use of central bank digital currencies (CBDCs).

Most of the state bills have steered clear of calling for new taxpayer money to be channeled into crypto.

Read More: U.S. Bitcoin Reserve May Be Coming, But States Are Winning the Race

Fifteen other states are weighing legislation in their current sessions, with others expected to follow, and another two states — Michigan and Wisconsin — already have portions of their retirement funds in crypto ETFs. The surge in state interest mostly developed after the election of President Donald Trump and his stated interest in a strategic stockpile of digital assets.

Trump issued an executive order calling for his administration's crypto working group to examine the possibilities of a crypto stockpile for the U.S., though he's stopped short of calling for a strategic bitcoin reserve.