Bitcoin Shows Impressive Resilience, a Strong Week for BNB, and the Argentine President Caught in a Crypto Scandal | Weekly Crypto News

In the past week, Bitcoin demonstrated resilience despite inflationary pressures, holding above €92,000. This stability was supported by miners and large investors accumulating BTC, which analysts see as a sign of potential further growth. Binance Coin (BNB) had its best week of 2025, surging 15% in a single day to €690. The rally was fueled by Binance’s new 2025 plans focusing on meme tokens and the simultaneous use of blockchain for their launch.

Meanwhile, Argentine President Javier Milei faces calls for impeachment after promoting the Libra (LIBRA) cryptocurrency, which lost 94% of its value within hours. The opposition has labeled the incident a "national embarrassment."

Let’s dive into the details in this week’s crypto news.

Bitcoin Shows Impressive Resilience as Whales and Miners Accumulate

In recent weeks, Bitcoin (BTC) has demonstrated impressive strength, maintaining its value above €92,000 despite fears of negative macroeconomic changes.

Bitcoin Rebounds After Drop Caused by Interest Rate Decision

The past week started on a negative note for Bitcoin, driven by a U.S. inflation report. The released Consumer Price Index (CPI), a key measure of inflation (indicating whether the cost of living is rising), came in higher than expected and was the highest since June 2024. Fears of rising inflation led the U.S. Federal Reserve (FED) to maintain interest rates without cuts (learn more here). As a result, on February 12, Bitcoin dropped from €94,400 to €91,200.

Bitcoin then bounced back and did not fall below a key support level that could have triggered large-scale liquidations. Over the weekend, the market remained calm, signaling that both bulls (those betting on a rise) and bears (those betting on a fall) were waiting for the next significant price move.

What Contributed to Bitcoin's Resilience?

Bitcoin’s resilience was primarily driven by accumulation from miners (those who validate transactions on the Bitcoin network and earn Bitcoin as a reward). Additionally, market sentiment improved after a productive discussion between Trump and Putin regarding efforts to end the war in Ukraine, boosting global stock markets.

A decline in sell pressure from whales (large investors), who are accumulating rather than selling, signals a potential market bottom. Historically, such whale behavior has preceded major Bitcoin price surges. So far, the broader crypto market is following Bitcoin's lead, as the altcoin season (when alternative cryptocurrencies significantly outperform Bitcoin) has not yet started.

Despite short-term uncertainty among investors, analysts remain optimistic about Bitcoin’s long-term prospects. Many now believe that Bitcoin reaching €1.5 million by 2030 is increasingly likely.

Good week for Binance coin (BNB)

For Binance Coin (BNB), last week was the best week of the year 2025 - on February 13th, BNB rose by about 15% in less than 24 hours and reached a value of €690. With this, BNB performed much better than the broader crypto market.

The main reasons for BNB’s growth are primarily new plans for 2025, increased use of the BNB chain network for launching meme tokens, an extremely successful initial token offering by the company MyShell on the Binance wallet, and positive technical analysis patterns indicating growth towards $970.

New plans for the BNB network (roadmap) focus on launching meme coins on the BNB chain. To trade meme coins on the BNB network, users need BNB for fees, liquidity, and exchanges, which will contribute to increased demand for the BNB cryptocurrency. Since the roadmap was released, BNB has grown by as much as 17%.

The activity on the network was further spiced up by Binance co-founder ChangPeng Zhao, known in the crypto world simply as CZ. On the X platform, he posted his dog’s name Broccoli and shared the story of how he got him. On the crypto market, more than 300 meme tokens named Broccoli or something similar emerged.

In addition to “Broccoli” and MyShell, there has also been an increase in other coins created and traded on the BNB network, primarily on the decentralized exchange PancakeSwap (CAKE). For the first time since Halloween 2024, the BNB chain surpassed Solana in daily fee volume. This made the BNB network the only network besides Bitcoin to surpass both Solana and Ethereum in daily total fees.

Argentinian President Faces Recall Demands Over Crypto Scandal

Argentinian President Javier Milei is under pressure after promoting the cryptocurrency Libra (LIBRA), which lost 94% of its value within hours. On February 14th, Milei introduced the project on the X platform (formerly Twitter), causing the market capitalization (total value of all LIBRA tokens) to surge to $4.56 billion. Shortly after, the market capitalization crashed to $257 million, with experts suspecting a fraud known as a “rug pull” (when a team takes investors’ money and abandons the project, causing the token’s value to collapse).

The Argentine Chamber of Financial Technology warned of a possible scam, and opposition lawmaker Leandro Santoro demanded Milei’s recall, calling the incident a “national disgrace.”

Milei denies any connection to the project and claims he was unaware of its details before promoting it. The scandal has sparked outrage among investors and the political opposition.

Crypto markets remain dynamic and unpredictable, making it essential to stay informed. Follow our weekly crypto news every Monday to stay up-to-date with the latest trends.