Well, how about that! A weekend, normally a serene little retreat for the traders of plump profits, turned into a circus! A raucous one, at that! Who knew crypto was the only market that partied like there was no tomorrowâopen 24/7 while the rest of us snoozed!
Enter President Trump, brandishing new taxes aimed at our frosty neighbors to the north, and those crafty folk from the east and south. Panic spread like spilled jam on toast across the charts, and before you could say âJack and the Beanstalk,â Bitcoin plummeted from a dizzying $102K to a wobbly $97K. The virtual bears were sharpening their claws on Monday, ready for a feast!
But lo and behold! Bitcoin took a nosedive deeper than an elephant in a kiddie pool, dipping below $92K for the very first time in a fortnight. Thatâs a whopping ten thousand bucks vanished into thin air faster than you can count to five, leaving many a trader scratching their heads in disbelief. Poor Bitcoin could hardly hold onto its high-hat of $106K; it was a tragic display!
Just when you thought it was over, our fiery friend Bitcoin decided to bounce back up to $102,000! You gotta love a dramatic comebackâthough it turned out to be about as stable as a three-legged stool! The slippery slopes of the cryptocurrency world meant it again fell down like a deflated balloon below $100,000. What a roguish rascal!
This hiccup in the market sent altcoins spiraling like a batch of bad jelly. Ethereum down by 17%âa proper tumble to under $2,800, while XRP and others gushed over 20% in losses. Only one brave soul, OM, decided it wanted to play hero, shooting up a brave 18% to clutch a price of above $6. Bravo!
The Marketâs Spectacle
Market Cap: $3.359T | 24H Vol: $154B | BTC Dominance: 58.5%
BTC: $98,750 (-5%) | ETH: $2,750 (-17.25% ) | XRP: $2.49 (-18.3%)
This Weekâs Crypto Circus You Simply Must Follow!
Bitcoin Revs Up Toward $100K as Tariffs Take a Timeout! On a rollercoaster ride indeed! Thanks to the unexpected negotiations, Bitcoin gave a leap towards $100,000 before falling off the merry-go-round again!
Trumpâs Wealth Fund: A New Recipe for Bitcoin? Our headline hero doesnât stop! The approval of a US sovereign wealth fund sent everyone into a tizzyâis Bitcoin the main course or just garnish on this governmental platter?
MicroStrategy Goes Macro: A Name Change for a Rising Star! Theyâve tossed âMicroâ in the bin and now flaunt âStrategy.â Talk about a growth spurt!
Arthur Hayes Strikes Out Against Uncle Samâs Bitcoin Dreams! The BitMEX co-founder let loose like a cannonball, saying anyone can buy, but selling is the tricky partâin politics, just as in crypto!
Analyst Predicts: Altcoins Need a Nap to RecoverâYawn! All that crashing and banging means our altcoins would prefer a long rest before they rejoin the party.
BlackRock Has BIG Plans: Here Comes Bitcoin ETP! The giant of asset management is gearing up to launch a BTC-linked product in Europeâcue the confetti!
Charts of Wonder!
For those who love a good visual feast, dive into our deep dive into the enchanting world of price analysis of various altcoinsâyou won’t want to miss it!
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2025-02-07 18:33