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Crypto Market Recap: Real-World Blockchain Utility Gains Traction

Here’s a quick recap of the crypto landscape for Wednesday (February 12) as of 9:00 a.m. UTC.

Bitcoin and Ethereum price update

Bitcoin is trading at US$96,208, recording a 1.9 percent decrease over 24 hours. The day’s trading range saw a high of US$98,231 and a low of US$94,864.

Meanwhile, Ethereum is priced at US$2,627.82, marking a decline of 2.7 percent over the same period. The cryptocurrency reached an intraday high of US$2,708.90 and a low of US$2,581.55.

Altcoin price update

  • Solana (SOL) is currently valued at US$196.92, 2.9 percent lower over 24 hours, after hitting a daily high of US$203.17 and a low of US$193.64.
  • XRP is trading at US$2.42, reflecting a 2.8 percent decrease. The cryptocurrency reached an intraday high of US$2.50 and a low of US$2.38.
  • Sui (SUI) is priced at US$3.29, experiencing a 7.1 percent decline. It achieved a daily high of US$3.54 and a low of US$3.22.
  • Finally, Cardano (ADA) is down, priced at US$0.7897, reflecting a 1.3 percent decrease over 24 hours. Its highest price today was US$0.8127 and its lowest was US$0.7556.

ETF Update

  • The Grayscale Bitcoin Trust (GBTC) is trading at US$30.25, reflecting a 1.45 percent increase over 24 hours.
  • The iShares Bitcoin Trust (IBIT) is priced at US$25.10, down 0.38 percent from the previous trading session. The ETF is trading at a 2.8 percent discount to NAV and holds $5.8 billion in assets under management.
  • The Fidelity Wise Origin Bitcoin Trust (FBTC)is currently at US$24.75, marking a 0.21 percent decrease over 24 hours.
    • The Bitwise Bitcoin Strategy Optimum Yield ETF (BITB) is valued at US$22.85, recording a 0.79 percent gain over 24 hours.

    Crypto news to know

    While meme coins continue to dominate headlines, a recent analysis by Godex sheds light on specific blockchain platforms that are quietly driving real-world impact.

    The research highlights five key networks proving that crypto isn’t just about speculation—it’s solving major global challenges in finance, sustainability, and supply chain security.

    To do this, Godex’s research analyzed 100 blockchain platforms, filtering out those built purely on speculation and emphasizing the real-world applications of cryptocurrency. The five that stood out are making waves through real-world use cases, major industry partnerships, and solid market growth.

    Here’s a closer look at the five blockchain platforms shaping the future:

    • Ethereum – Powering decentralized finance (DeFi), humanitarian aid, and sustainable development. Ethereum’s smart contracts enable transparent charitable donations and verifiable digital identities for refugees.
    • Hedera – Leading in sustainability and supply chain transparency, with companies like Hyundai and Kia using it to track carbon emissions.
    • Stellar – Revolutionizing financial inclusion by offering low-cost remittance services and digital wallets for unbanked populations.
    • VeChain – Enhancing supply chain traceability, from pharmaceutical safety to sustainable fashion verification.
    • Avalanche – Driving carbon credit markets, streamlining disaster relief funding, and digitizing vehicle ownership records to prevent fraud.

    While speculative tokens grab headlines, these blockchains are demonstrating that real utility is what drives long-term industry growth. Institutional adoption is accelerating, and as businesses and policymakers recognize blockchain’s full potential, the focus is shifting from hype to real-world applications.

    As the crypto market evolves, platforms with tangible impact and strong adoption will define the next chapter of blockchain’s future.

    Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

    Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

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