Altcoin
BTC & Altcoins Recover Amid Pause On Trump’s Tariffs
Crypto prices today have shown signs of recovery as U.S. President Donald Trump’s newly announced import tariffs on Canada and Mexico were paused for 30 days. Bitcoin (BTC) price regained its value, hitting a $102K high amid broader market recovery. Whereas, leading altcoins such as Ethereum (ETH), XRP, and Solana (SOL) pumped over 10% intraday. Simultaneously, meme coins also showcased considerable rising trajectories, with DOGE, SHIB, and PEPE surging nearly 20%.
Here’s a brief overview of some of the most trending crypto market updates for February 4.
Crypto Prices Today Recover Amid Pause On Trump’s Tariffs
Notably, the broader cryptocurrency sector shows signs of recovery as Donald Trump’s newly announced import tariffs on Canada and Mexico have been paused for 30 days. In turn, a trade war triggered previously has now subsided globally, with the market sentiment uplifting.
The U.S. has come into agreement with Canada and Mexico, mainly targeting areas such as border enforcement, drug cartels, and dealing with organized crimes. As a result, “Proposed tariffs will be paused for at least 30 days,” Canadian Prime Minister Justin Trudeau posted on X. However, it’s noteworthy that the tariffs on China stay as is.
In turn, the cryptocurrency prices recovered on Tuesday, with the trade war being one of the quickest ever witnessed. The global crypto market cap soared 8.46% intraday, reaching $3.32 trillion.
Bitcoin Price Recovers Amid Broader Trend
BTC price gained nearly 7% in the past 24 hours and is currently sitting at $100,733. Besides, the coin’s intraday low and high were $92,767.89 and $102,514.17, respectively. Bitcoin’s market dominance saw a 0.99% decline to 60.27%, signaling that altcoins’ recovery outperformed BTC’s.
ETH Price Soars Over 10%
ETH price pumped by 11% intraday and is currently trading at $2,803. The coin’s 24-hour low and high were $2,450.66 and $2,919.48, respectively. The coin rises alongside the broader market recovery, whereas another bullish event unfolded in the past 24 hours. Donald Trump’s World Liberty purchased a staggering 1,826 ETH, per Lookonchain on X, sparking optimism on the coin’s price movements ahead despite its recent ETH dumps.
XRP Price Pumps 20%
XRP price surged by a whopping 20% in the past 24 hours and is currently trading at $2.71. The coin’s intraday bottom and peak were recorded as $2.14 and $2.78, respectively. Notably, the Ripple-backed cryptocurrency also mimics the broader crypto market trend today.
Solana Price Today
SOL price witnessed a 9% uptick in value as of press time, reaching $216. Its intraday low and high were $190.28 and $220.00, respectively.
Meme Crypto Prices Today Mimic Uptrend
Simultaneously, DOGE price rocketed 20% in the past 24 hours, reaching $0.2818. Also, Shiba Inu price soared by 19% intraday and is currently trading at $0.00001627. Further, even PEPE witnessed gains worth 17% over the past day and stood at $0.00001065.
Top Crypto Gainer Prices Today
Onyxcoin (XCN)
Price: $0.03159
24-Hour Gains: +30%
Bittensor (TAO)
Price: $380.68
24-Hour Gains: +30%
Artificial Superintelligence Alliance (FET)
Price: $0.8317
24-Hour Gains: +27%
Meanwhile, there was no market loser today, per Coinmarketcap data, primarily as the market recovered and glimmered with bullishness.
Donald Trump’s Sovereign Wealth Fund Adds To Crypto Market Optimism
Meanwhile, U.S. President Donald Trump has recently signed an executive order to create a Sovereign Wealth Fund, another bullish news for the market. Notably, this fund is aimed at providing America with long-term economic stability. In light of Trump’s pro-crypto approach, market participants now anticipate if Bitcoin and Ethereum could be included in the fund’s assets. Given that this feat is achieved ahead, the BTC and ETH markets could see substantial gains, although no confirmations have been made officially yet.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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