On February 21, 2025, the cryptocurrency market saw notable movements with Bitcoin (BTC) reaching approximately $99,100, up 2%, and Ethereum (ETH) trading at around $2,830, up 4%. The altcoin market also experienced significant gains, with many tokens achieving double-digit increases. Kaito ($KAITO), which launched recently, soared by over 100% in its debut, hitting a fully diluted valuation (FDV) of approximately $2 billion. The SEC announced the establishment of a new cybercrime unit aimed at combating crypto-related fraud, coinciding with the dropping of a lawsuit against Coinbase, leading to a pre-market surge in the company's stock. Other top gainers included Story Protocol ($IP), which rose by 34.57%, and BinaryX ($BNX), with a gain of 41.64%. The overall market capitalization of cryptocurrencies was reported at $3.35 trillion.