financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
TRUMP Token Jumps 6% Daily, Bitcoin Stands Still Above $98K (Market Watch)
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
TRUMP Token Jumps 6% Daily, Bitcoin Stands Still Above $98K (Market Watch)
Feb 6, 2025 2:23 AM

Bitcoins price slid to a multi-day low of $96,000 earlier this morning but managed to recover most losses and now sits well above $98,000.

Ethereum continues its gradual ascent, with its price trading above $2,800, while TRUMP and LTC are up by 5-6%.

BTC Above $98K

Bitcoins price went through a highly volatile weekend ride after US President Trump imposed tariffs on Canada, Mexico, and China. Its price slumped from $102,000 to $97,000 on Sunday but dumped hard to under $92,000 on Monday morning to chart a two-week low.

However, the bulls managed to intercept the move at this point and propelled a massive rally that resulted in BTC adding over ten grand in 12 hours or so to just over $102,000. Although the volatility calmed in the following days, BTC still dropped to $96,000 on a couple of occasions and was stopped at $100,000 on Tuesday.

The second decline to $96,000 came earlier this morning, but it didnt last long. Just the opposite, BTC started to recover some ground and is now closer to $99,000.

Alicia BakeryCMO - A really good agencyDid you like this market update?

This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours! Its market capitalization has climbed to just over $1.950 trillion on CG, while its dominance over the alts has calmed at 58%.

TRUMP, LTC on the Rise

Ethereum was hit hard during the market-wide crash on Monday but has managed to recover most of the losses. The past 24 hours have brought another 3.5% increase, which has pushed the second-largest crypto to over $2,800. Cardano, Binance Coin, Tron, Chainlink, and Toncoin are also in the green from the larger-cap alts.

In contrast, XRP has dropped by over 2% and sits well below $2.5. SUI, HBAR, SOL, and DOGE are also slightly in the red.

LTC and TRUMP have taken the main stage, with 5-6% increases. As a result, the former now trades close to $110, while the latter has neared $20.

The total crypto market cap has added around $50 billion and sits above $3.360 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ripple (XRP) Price Resurgence, Shiba Inu’s (SHIB) Burning Efforts, and More: Bits Recap Jan 3
Ripple (XRP) Price Resurgence, Shiba Inu’s (SHIB) Burning Efforts, and More: Bits Recap Jan 3
Jan 3, 2025
TL;DR Ripple (XRP) surged 15% in early 2025, climbing above $2.40, potentially driven by the overall market recovery and Trumps upcoming inauguration. 44.6B Shiba Inu (SHIB) tokens were burned in 2024, reducing supply to 584.1T and boosting scarcity. Bitcoin (BTC) rebounded from a late 2024 dip to briefly cross $97,000. Analysts predict a potentially stellar year, with price targets ranging...
Celsius Appeals Court Ruling Dismissing its $444M Claim Against FTX
Celsius Appeals Court Ruling Dismissing its $444M Claim Against FTX
Jan 2, 2025
The bankrupt crypto lender Celsius Network has filed an appeal challenging a court ruling that dismissed its $444 million claim against the defunct crypto exchange FTX. The appeal, which is currently awaiting review in the District Court, comes as part of Celsius’ ongoing litigation efforts to recover funds from FTX. Celsius’ Initial Claim According to court documents, Celsius had originally...
Seismic BTC Shift: Asia Will Follow US On Bitcoin Reserve: CEO of ‘Japan’s MicroStrategy’
Seismic BTC Shift: Asia Will Follow US On Bitcoin Reserve: CEO of ‘Japan’s MicroStrategy’
Jan 2, 2025
The CEO of Metaplanet says the US is touching off an international race for BTC reserves. Crypto analysts have dubbed the Japanese venture capital fund the MicroStrategy of Japan for its voracious Bitcoin purchases. In an interview at Michael Saylor’s New Year’s Eve Party in Miami on Tuesday, Gerovich said Japan would be sure to follow if Trump establishes a...
How Will Markets React to $2B Bitcoin Options Expiring Today?
How Will Markets React to $2B Bitcoin Options Expiring Today?
Jan 3, 2025
Approximately 20,000 Bitcoin options contracts will expire on Friday, Jan. 3, in the first such event of 2025. They have a notional value of $1.93 billion, which is a fraction of last week’s mammoth end-of-year expiry event, so the impact on spot markets is likely to be minimal. Bitcoin Options Expiry This week’s batch of Bitcoin options contracts has a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved