• Economy
  • Investing
Long Distance Investing
  • Stock
  • Editor’s Pick
Investing

Crypto price rebound on Feb 4: BTC over $100k, XRP soars 23%

by February 4, 2025
written by February 4, 2025

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.”

Eric Trump

@EricTrump

·Follow

In my opinion, it’s a great time to add $ETH.

3:53 am · 4 Feb 2025

7.9K

Reply

Read 1.8K replies

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

0 comment
0
FacebookTwitterPinterestEmail

previous post
How a China bet and generational shifts cost Estée Lauder $100 billion
next post
6 best crypto to buy ahead of Litecoin, Hedera, Solana ETF approvals

You may also like

MEXC strengthens reserve backing with $390M asset increase

April 23, 2025

Oil prices rebound: what’s driving the rally and...

April 23, 2025

Silver rises with gold, but industrial demand outlook...

April 23, 2025

Lead Edge Capital founder Mitchell Green says recession...

April 23, 2025

Why is Toncoin price rising today?

April 23, 2025

BC.GAME to host ‘Untamed Arena’ during TOKEN2049 Dubai,...

April 23, 2025

Keycard launches pre-sale for Shell: the most open,...

April 23, 2025

BA stock rises as Boeing reports smaller Q1...

April 23, 2025

US stocks surge at open: Dow climbs 2.4%,...

April 23, 2025

iExec launches 1M $RLC fund to support AI...

April 23, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • New research from IoT Analytics highlights the top 10 industrial technology trends

      June 7, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025

    Categories

    • Economy (735)
    • Editor's Pick (384)
    • Investing (4,555)
    • Stock (820)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Longdistanceinvestings.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 Longdistanceinvestings.com

    Long Distance Investing
    • Economy
    • Investing
    Long Distance Investing
    • Stock
    • Editor’s Pick