As of February 4, 2025, the cryptocurrency market is experiencing a notable rebound following recent volatility. This recovery is largely attributed to U.S. President Donald Trump's decision to temporarily pause newly imposed import tariffs on Canada and Mexico for 30 days, alleviating economic pressures and fostering a more favorable environment for risk assets like cryptocurrencies.
Altcoin Performance:
$ETH Ethereum (ETH): Currently trading at approximately $2,743.50, ETH has seen an intraday high of $2,902.81 and a low of $2,545.07, reflecting a 5.1% increase from the previous close.
$BNB Binance Coin (BNB): BNB is priced around $580.64, with an intraday high of $619.16 and a low of $563.02, marking a slight decrease of 0.33% from the prior close.
$ADA Cardano (ADA): ADA is trading at about $0.7463, reaching an intraday high of $0.8223 and a low of $0.6801, up by 4.62% from the previous close.
Solana (SOL): SOL stands at approximately $207.61, with an intraday high of $219.40 and a low of $191.04, showing a 3.07% increase from the prior close.
XRP: Currently at $2.57, XRP has seen an intraday high of $2.78 and a low of $2.24, reflecting a 5.76% rise from the previous close.
The broader market sentiment has improved, with the total cryptocurrency market capitalization rebounding from a low of $2.81 trillion to $3.16 trillion, following a 7.58% decline. Analysts suggest that this recovery could potentially trigger an altcoin bull run, especially as Bitcoin stabilizes above key support levels.
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