Cryptocurrency prices showed signs of recovery on February 4, following the announcement that US President Donald Trump has paused the implementation of newly imposed import tariffs on Canada and Mexico for 30 days.
This pause alleviated concerns about a potential trade war, boosting market sentiment globally.
The market is looking forward to AI, and Crypto Czar David Sacks’ press conference scheduled later today.
During the event, he is expected to discuss how the Trump administration, in collaboration with Congress, plans to strengthen America’s leadership position in the digital asset ecosystem.
The global crypto market cap surged 7% intraday, reaching $3.35 trillion.
Bitcoin and major altcoins like Ethereum (ETH) and Solana (SOL) were also registering massive gains on Tuesday.
The total crypto market volume over the past 24 hours reached $334.29 billion, marking a 56.56% increase.
Bitcoin (BTC ) price today
Bitcoin’s (BTC) price gained nearly 8% in the last 24 hours. It currently sits at $100,269.82, with intraday highs and lows recorded at $102,514.17 and $92,767.89, respectively.
Bitcoin’s dominance has risen slightly to 60.10%, up by 0.09% from the previous day.
The positive sentiment gained more traction as President Trump signed an executive order to create a sovereign wealth fund.
According to department heads, the fund is expected to be established within the next 12 months, with the potential to facilitate transactions involving strategic assets like TikTok.
While cryptocurrency wasn’t explicitly mentioned, there is growing speculation that Bitcoin (BTC) and possibly other crypto assets could be included in its holdings.
Ethereum (ETH) price today
Ethereum (ETH) continued its upward trajectory, surging by 13% intraday. It is now trading at $$2,803.63, with a 24-hour range of $2,450.66 and $2,919.48.
The positive movement coincided with the news of Donald Trump’s World Liberty purchasing a large amount of 1,826 ETH, sparking optimism in the market.
In a post on X, President Trump’s Eric Trump told his followers that “it’s a great time to add ETH.”
In my opinion, it’s a great time to add $ETH.
He expressed his belief that Ethereum presents a solid investment opportunity. However, he later edited the post to remove the phrase “You can thank me later.”
XRP and Solana surge
XRP surged a massive 23% in the past 24 hours, trading at $2.68 after reaching an intraday peak of $2.78. The surge made the coin the biggest gainer among the top 10 cryptocurrencies by market cap.
Similarly, Solana (SOL) rose by 12%, reaching $213.20 with intraday highs and lows at $220.00 and $190.28, respectively.
Top crypto gainers and losers
Onyxcoin (XCN) has made a remarkable jump, gaining 41.05% in the last 24 hours to reach $0.03189.
Fetch.ai (FET) also saw strong growth, rising by 32.08% and now trading at $0.8309.
Bittensor (TAO) recorded a 30.37% increase, reaching $371.92. FLOKI (FLOKI) experienced a 29.09% rise, pushing its price to $0.0001012.
Meanwhile, Aerodrome Finance (AERO) saw a 27.64% increase, now priced at $0.9612.
Broader crypto price action
Dogecoin (DOGE) has increased by 22.83% in the last 24 hours, currently trading at $0.2765.
Over the last day, Ethereum Classic (ETC) has increased by 14.72%, currently trading at $21.25.
Filecoin (FIL) has surged 14.92% in the last 24 hours, currently trading at $3.35.
Ethena (ENA) has increased by 23.33% over the last day, currently trading at $0.6492.
In the last 24 hours, Flare (FLR) has soared by 16.79%, currently trading at $0.02179.
EOS (EOS) has increased by 15.80% in the last 24 hours, currently trading at $0.6159.
Over the last day, Gala (GALA) has rocketed by 21.15%, currently trading at $0.02302.
dogwifhat (WIF) has increased by 20.13% in the last 24 hours, currently trading at $0.8317.
In the last 24 hours, FTX Token (FTT) has increased by 17.09%, currently trading at $1.86.
Gnosis (GNO) has seen a surge of 11.20% in the last 24 hours, currently trading at $181.23.
Over the last day, Golem (GLM) has climbed by 13.07%, currently priced at $0.2598.
Enjin Coin (ENJ) has soared by 20.52% in the past 24 hours, reaching a price of $0.1197.
GMX (GMX) has witnessed a 19.37% increase over the last day, now valued at $17.93.
Electroneum (ETN) has seen a modest rise of 1.55% in the last 24 hours, currently at $0.002587.
Elastos (ELA) has jumped by 20.74% over the past day, trading at $2.03.
Energy Web Token (EWT) has experienced a 13.97% climb in the last 24 hours, currently at $1.00.
Divi (DIVI) has dipped by 3.73% over the past day and is currently trading at $0.003137.
Handshake (HNS) has skyrocketed by 29.17% in the last 24 hours, now priced at $0.009495.
Energi (NRG) has seen a 5.33% gain over the last day, reaching a price of $0.04428.
The post Crypto price rebound on Feb 4: BTC over $100k, XRP soars 23% appeared first on Invezz
https://invezz.com/news/2025/02/04/crypto-price-rebound-on-feb-4-btc-over-100k-xrp-soars-23/
