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BTC & Altcoins Recover Amid Pause On Trump’s Tariffs

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2 months ago

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Crypto prices today 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 brief overview of some of the most trending crypto market updates for February 4.

Crypto Prices Today Recover Amid Pause On Trump’s Tariffs

Notably, the broader cryptocurrency sector shows signs of recovery as Donald Trump’s newly announced import tariffs on Canada and Mexico have been paused for 30 days. In turn, a trade war triggered previously has now subsided globally, with the market sentiment uplifting.

The U.S. has come into agreement with Canada and Mexico, mainly targeting areas such as border enforcement, drug cartels, and dealing with organized crimes. As a result, “Proposed tariffs will be paused for at least 30 days,” Canadian Prime Minister Justin Trudeau posted on X. However, it’s noteworthy that the tariffs on China stay as is.

In turn, the cryptocurrency prices recovered on Tuesday, with the trade war being one of the quickest ever witnessed. The global crypto market cap soared 8.46% intraday, reaching $3.32 trillion.

Bitcoin Price Recovers Amid Broader Trend

BTC price gained nearly 7% in the past 24 hours and is currently sitting at $100,733. Besides, the coin’s intraday low and high were $92,767.89 and $102,514.17, respectively. Bitcoin’s market dominance saw a 0.99% decline to 60.27%, signaling that altcoins’ recovery outperformed BTC’s.

ETH Price Soars Over 10%

ETH price pumped by 11% intraday and is currently trading at $2,803. The coin’s 24-hour low and high were $2,450.66 and $2,919.48, respectively. The coin rises alongside the broader market recovery, whereas another bullish event unfolded in the past 24 hours. Donald Trump’s World Liberty purchased a staggering 1,826 ETH, per Lookonchain on X, sparking optimism on the coin’s price movements ahead despite its recent ETH dumps.

XRP Price Pumps 20%

XRP price surged by a whopping 20% in the past 24 hours and is currently trading at $2.71. The coin’s intraday bottom and peak were recorded as $2.14 and $2.78, respectively. Notably, the Ripple-backed cryptocurrency also mimics the broader crypto market trend today.

Solana Price Today

SOL price witnessed a 9% uptick in value as of press time, reaching $216. Its intraday low and high were $190.28 and $220.00, respectively.

Meme Crypto Prices Today Mimic Uptrend

Simultaneously, DOGE price rocketed 20% in the past 24 hours, reaching $0.2818. Also, Shiba Inu price soared by 19% intraday and is currently trading at $0.00001627. Further, even PEPE witnessed gains worth 17% over the past day and stood at $0.00001065.

Top Crypto Gainer Prices Today

Onyxcoin (XCN)

Price: $0.03159
24-Hour Gains: +30%

Bittensor (TAO)

Price: $380.68
24-Hour Gains: +30%

Artificial Superintelligence Alliance (FET)

Price: $0.8317
24-Hour Gains: +27%

Meanwhile, there was no market loser today, per Coinmarketcap data, primarily as the market recovered and glimmered with bullishness.

Donald Trump’s Sovereign Wealth Fund Adds To Crypto Market Optimism

Meanwhile, U.S. President Donald Trump has recently signed an executive order to create a Sovereign Wealth Fund, another bullish news for the market. Notably, this fund is aimed at providing America with long-term economic stability. In light of Trump’s pro-crypto approach, market participants now anticipate if Bitcoin and Ethereum could be included in the fund’s assets. Given that this feat is achieved ahead, the BTC and ETH markets could see substantial gains, although no confirmations have been made officially yet.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Has XRP Price Already Bottomed? Analyst On How Ripple Coin Can Hit $15

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2 hours ago

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April 15, 2025

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XRP price has recorded marginal gains today and held its $2.15 support as the broader crypto market stayed in the green. Amid this, a top analyst revealed that Ripple’s coin may have already hit its bottom. However, he also highlighted some key conditions that the crypto must attain to confirm the bottom.

Meanwhile, another expert has also shared key insights and mathematical calculations, which showed how Ripple’s native crypto might hit the $15 ahead.

XRP Price Holds $2.15 Support: Has It Already Bottomed Out?

XRP price has added around 0.23% during writing and exchanged hands at $2.15, while its one-day volume fell 25% to $2.99 billion. Notably, the crypto’s current market cap stood at $125.33 billion and the token has touched a 24-hour high of $2.18.

Besides, CoinGlass data showed that XRP Futures Open Interest also rose 0.5%, reflecting renewed market confidence. Amid this, renowned analyst EGRAG CRYPTO suggests that XRP might have already hit its bottom on April 7. However, the analyst outlines some key conditions to confirm this trend reversal.

XRP Really Bottomed?

According to the pundit, Ripple’s coin must close a weekly full-body candle above $2.10, the 21-week EMA, and notably above $2.25. If these conditions are met, it would strongly confirm the bottoming out of XRP price. However, failure to achieve these conditions may lead to other market narratives emerging, the expert noted.

XRP Price
Source: EGRAG CRYPTO, X

Meanwhile, despite the soaring discussions, another expert recently hinted that the crypto might hit $15, citing XRP ETF inflow as the key factor.

Ripple’s Coin To Hit $15? ETF Inflow Calculation Shows

In a recent analysis, market expert Zach Rector made a bold prediction that XRP price could reach $15 and beyond, driven by anticipated inflows from Exchange-Traded Funds (ETFs). According to Rector, JPMorgan’s estimate of $4 to $8 billion inflows into XRP ETFs in the first year could trigger a significant price surge.

A Closer Look Into The Calculation

Using his market cap multiplier model, Rector calculated that a conservative $4 billion inflow could lead to a 200x multiplier, resulting in an $800 billion increase in XRP’s market cap. Adding this to the current market cap of $125 billion would take the total market cap to $925 billion. With a circulating supply of 60 billion XRP tokens, this would translate to a price of $15.42 per token.

Rector’s analysis is based on the market cap multiplier theory, which measures how inflows can amplify an asset’s valuation. He cited a recent example where XRP’s market cap grew by $7.74 billion in just eight hours, fueled by a mere $12.87 million in inflows, resulting in a 601x multiplier.

While Rector’s prediction seems ambitious, industry leaders are growing more confident about the prospect of an XRP ETF. Ripple CEO has predicted that at least one XRP ETF could launch in the second half of 2025. If Rector’s analysis is correct, the anticipated ETF inflows could trigger a significant rally for XRP price, making $15 a realistic target.

Meanwhile, this also comes as Ripple’s coin continues to witness an influx, outshining BTC, ETH, SOL, and others. A recent report showed that XRP defied the broader market trend last week when the broader digital assets space noted an outflux of over $790 million.

Additionally, a recent Ripple price analysis also showed that the XRP ETF launch, among other factors, could trigger a short-term surge to $5.5 for the crypto. However, investors should exercise caution and conduct their own research before making any investment decisions.

But, this prediction seems to have sparked interest in the crypto community, with many eagerly awaiting the potential launch of XRP ETFs in 2025.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Binance Delists This Crypto Causing 40% Price Crash, Here’s All

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4 hours ago

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April 15, 2025

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Crypto exchange Binance has recently revealed plans to delist a specific spot trading pair for the VIDT crypto, causing its price to plunge nearly 40% in just a day. The exchange revealed in an official announcement this Tuesday that it will delist the VIDT/BTC trading pair shortly, pushing investors to take a cautious approach while trading the asset.

Binance To Delist VIDT/BTC: Here’s The Timeline

According to an official Binance announcement dated April 15, the VIDT/BTC trading pair will be delisted at 08:30 UTC. The decision to delist this trading pair comes as the crypto exchange looks to protect its users from emerging market risks while also ensuring a high-quality trading experience.

Per the announcement, the spot trading pair mentioned above is being delisted after a thorough periodic review by the exchange. The VIDT/BTC trading pair reflects concerning factors, such as poor liquidity and trading volume, among other reasons that pose a risk to users.

In turn, usual market sentiments remain highly bearish in light of such delistings on one of the top crypto exchanges. Besides, it’s noteworthy that this delisting was initially scheduled to take place on April 16. However, Binance pre-poned the delisting, which caused a sudden shock to traders as the coin’s price promptly crashed severely.

As of press time, VIDT price saw a steep fall of roughly 38%, closing in at $0.001838. The DAO-based token fell from a high of $0.003024 in the past 24 hours. This price drop reflects market uncertainty in the wake of one of the top crypto exchanges delisting the crypto.

Meanwhile, it’s also worth pointing out that Binance offered clarity on OM price crash by revaling a statement recently. CoinGape reported that the crypto exchange titan blamed massive cross-chain liquidations as the primary reason for Mantra’s 90% price crash on Monday. The price crash in turn caused massive liquidations and OM selling, whilst the project also faced rug pull allegations.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Shiba Inu Burn Rate Blows Up 2000%; Is SHIB Price Gearing Up For A Pump?

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10 hours ago

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April 15, 2025

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The Shiba Inu burn rate once again shot up by a staggering 2000% on Tuesday, reverberating market optimism surrounding its future price movements. Recent burn metrics revealed that over 20 million SHIB tokens were removed from the asset’s circulating supply in just a day. Now, crypto market traders and investors speculate if price gains loom, whilst a renowned SHIB community member further revealed that a “new pump wave is loading.”

Shiba Inu Burn Rate Soars 2000% As 20M Tokens Burnt

According to Shibburn’s data on April 15, the Shiba Inu burn rate exploded by 2061.22% at the time of reporting. This surge in the meme token’s burn rate is in sync with 20.83 million coins removed from the asset’s supply intraday.

Shiba Inu burn data
Source: Shibburn, official site

For context, the SHIB burn mechanism transfers tokens to a null address and makes their recovery impossible. This saga drastically reduces the dog-themed meme coin‘s circulating supply, a reason that many believe is driving SHIB’s relatively sluggish performance over the years.

Besides, a renowned Wall Street expert going by the name “wallstreetbets” on X has stated that “Despite burns, SHIB supply remains unchanged.” This statement has ushered an apprehensive sentiment among market participants who are anticipating price gains ahead in light of the constant burns. Intriguingly, CoinGape found that the total circulating supply rested at 584.37 trillion tokens at the time of reporting.

Can SHIB Price Pump Ahead?

CoinMarketCap’s data showed that SHIB token’s price rested at $0.00001193, down nearly 3% over the day despite the Shiba Inu burn rate surge. The meme coin fell from an intraday high of $0.00001239, even hitting a bottom of $0.00001182. Crypto market participants are currently uncertain about the coin’s future price movements, given broader market trends and a volatile price trajectory.

Nevertheless, renowned Shiba Inu community member SHIB Knight posted on X that a “new pump wave is loading.” Notably, a sustained break above $0.00001238 paves the way for a bull run, per the community member. Traders and investors continue to monitor the coin for further price action shifts ahead.

SHIB Price Trend
Source: SHIB Knight, X

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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