Bitcoin, Ethereum, XRP, Dogecoin Bleed Lower As Trump Tariff Threat Looms
Posted On February 7, 2025
Crypto markets are grinding lower on Friday, with Bitcoin reversing gains on renewed tariff fears after briefly having touched $100,000.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $96,769.28 | -0.8% |
| Ethereum (CRYPTO: ETH) | $2,650.07 | -1.7% |
| Solana (CRYPTO: SOL) | $195.91 | -2.4% |
| XRP (CRYPTO: XRP) | $2.43 | -5.5% |
| Dogecoin (CRYPTO: DOGE) | $0.2502 | -2.4% |
| Shiba Inu (CRYPTO: SHIB) | $0.0000153 | -2.5% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 12.2% and daily active addresses falling by 0.3%. Transactions greater than $100,000 are relatively flat. Exchanges netflows are down by 103%.
- Coinglass data reports 93,111 traders were liquidated in the past 24 hours for $231.19 million.
- Glassnode data shows since mid-December retail investors (≤1 BTC) have been accumulating Bitcoin at an accelerated rate, averaging 10,627 BTC per day—72% higher than the past year’s daily average of 6,177 BTC.
Notable Developments:
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