Crypto price on February 04, 2025, 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 little summary of some of the top trending crypto market news for February 04.
Crypto Price on February 04
Interestingly, the overall cryptocurrency space appears to be bouncing back as Donald Trump’s recently released import tariffs on Canada and Mexico have been temporarily suspended for 30 days. On the other side, a trade war initiated earlier has now been significantly eased across the globe, which is benefiting the market sentiment.
The U.S. has reached a deal with Canada and Mexico mainly focusing on sectors like border patrol, cartels, and controlling organized crimes. “Proposed tariffs will be paused for at least 30 days,” Canadian Prime Minister Justin Trudeau posted on X. Interestingly, the tariffs for China remain intact.
In response, on Tuesday, the cryptocurrency prices recovered, and the crypto market cap globally skyrocketed by a massive 8.46% intraday to reach $3.32 trillion.
1. Bitcoin Price:
BTC price rose by nearly 7% in the last 24 hours and is currently at $100,733. In addition, the coin’s intraday low and high were $92,767.89 and $102,514.17, respectively. Bitcoin’s market dominance dropped by 0.99% to 60.27%, which means altcoins’ recovery outperformed BTC’s.
2. ETH Price:
The price of ETH rose by 11% intraday and is now trading at $2,803. The coin’s 24-hour low and high were recorded at $2,450.66 and $2,919.48. The coin rallies with the recovery of the wider market while the other bullish factor took place over the last 24 hours.
Donald Trump’s World Liberty acquired a staggering 1,826 ETH according to Lookonchain on X as the price moves of the coin forward remained hopeful despite recent dumps of the same into ETH.
3. XRP Price:
The price of XRP surged by as much as 20% in the last 24 hours, trading at $2.71. Intraday low and high for the coin were seen at $2.14 and $2.78, respectively. The cryptocurrency backed by Ripple also tracks the broader trend in the crypto market today.
4. Solana Price:
SOL price had risen by 9% as of press time to $216. Its intraday low and high were at $190.28 and $220.00, respectively.
Important News for Indian Traders: India’s Crypto Tax Law introduces 70% Penalty for Traders!
Meme Crypto Prices Today
DOGE price had surged by 20% in the last 24 hours to $0.2818. Shiba Inu price also surged 19% intraday and is trading at $0.00001627. Even PEPE had gained 17% in the last day and was trading at $0.00001065.
Top Crypto Gainer Prices Today
1. Onyxcoin (XCN)
- Price: $0.03159
- 24-Hour Gains: +30%
2. Bittensor (TAO)
- Price: $380.68
- 24-Hour Gains: +30%
3. Artificial Superintelligence Alliance (FET)
- Price: $0.8317
- 24-Hour Gains: +27%
Also read: Best Crypto to Buy in February 2025
Top Crypto Loser Prices Today
No market loser today, according to Coinmarketcap data, mainly because the market recovered and gleamed a little with bullishness.
Impact of Trump’s Sovereign Wealth Fund
Besides the growth in tariffs, President Trump signed an executive order to create a Sovereign Wealth Fund, pushing the optimism high in the cryptocurrency market. In this fund meant to boost economic stability in the long term, the U.S., there had been speculation for the inclusion of cryptocurrencies such as Bitcoin and Ethereum as assets for the fund.
Also read: DOGE Legal Trouble
Personal Analysis
The recent recovery in cryptocurrency prices reflects a broader trend influenced by geopolitical events and economic policies. The temporary halt on tariffs signals a potential easing of trade tensions that have historically impacted market volatility. Furthermore, Trump’s pro-crypto stance could lead to significant institutional interest in digital assets if they are included in the Sovereign Wealth Fund.
The rapid price increases across both established cryptocurrencies and meme coins suggest a reinvigorated investor confidence, which could pave the way for sustained growth in the coming weeks.
(Source: Coingape)
