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Crypto Potato 2025-02-06 09:59:02

TRUMP Token Jumps 6% Daily, Bitcoin Stands Still Above $98K (Market Watch)

Bitcoin’s 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 Bitcoin’s 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 didn’t last long. Just the opposite, BTC started to recover some ground and is now closer to $99,000. Its market capitalization has climbed to just over $1.950 trillion on CG, while its dominance over the alts has calmed at 58%. BTCUSD. Source: TradingView 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 The post TRUMP Token Jumps 6% Daily, Bitcoin Stands Still Above $98K (Market Watch) appeared first on CryptoPotato .