Crypto Investing

Crypto Market Soars as U.S. Pauses Tariffs on Canada & Mexico

Crypto Market Surge With the announcement that U.S. President Donald Trump would temporarily halt his planned import taxes on Mexico and Canada, cryptocurrency prices have risen again. As the market recovered, the cost of Bitcoin (BTC) rose to a new all-time high of $102,000.

Major alternative cryptocurrencies, including Ethereum (ETH), Ripple (XRP), and Solana (SOL),  also experienced intraday price increases of more than 10%. At the same time, meme coins like DOGE, SHIB, and PEPE showed significant upward trends, with a 20% surge in value. Here is a high-level summary of February 4th’s most noteworthy Crypto With Recent market updates for anyone interested.

Crypto Rises as U.S. Pauses Tariffs on Canada & Mexico

Notably, with the 30-day break in Donald Trump’s recently imposed import tariffs on Canada and Mexico, the broader cryptocurrency sector shows indications of recovery. The world’s once-erupted trade war has calmed down, and investors feel optimistic.

Border enforcement, drug cartels, and dealing with organized crime are some of the primary areas where the United States, Canada, and Mexico have reached an accord.  Canadian Prime Minister Justin Trudeau announced on X that the proposed tariffs would be temporarily halted for at least 30 days.  t should be noted that the tariffs on China remain unchanged.  As a result, Tuesday saw a recovery in cryptocurrency prices, as the trade war was one of the fastest ever seen.  Today, the value of all cryptocurrencies rose 8.46%, reaching $3.32 trillion.

Bitcoin Hits $100K Amid 7% Daily Gain, Altcoins Outperform

Crypto Market Surge that work with a gain of about 7% in the last 24 hours, the price of Bitcoin is now $100,733.  Between $92,767.89ando and $102,514.17, the coin’s value fluctuated throughout the day. Market dominance for Bitcoin fell 0.99% to 60.%nt, showing that altcoins’ rebound was more impressive than BTC’s.

Ethereum Jumps 11% as Trump Fund Buys 1,826 ETH.

One Ethereum token sells at $2,803, up 11% from its intraday price.  The coin’s price fluctuated between $2,919.48 and $2,450.66. With the market on the mend, the coin has been making gains, and another bullish development occurred on the last day. According to Lookonchain on X, Donald Trump’s World Liberty bought an unprecedented 1,826 ETH, which, despite recent ETH dumps, has sparked hope over the price movements of the coin. Additionally, Trump spoke on X and said, “In my view, it’s a fantastic moment to include ETH.”This comment has bolstered a bullish opinion regarding cryptocurrency, reinforced by the purchase described earlier.

XRP Price Pumps 20%

Now trading at $2.71, XRP’s price has increased by a % in the last day. At $2.14, the coin hit its intraday low; at $2.78, it reached its intraday high. It is worth mentioning that the Ripple-backed cryptocurrency follows the current trend in the crypto Crypto Market Surge industry.

Current Price of Solana

As of publishing, the price of SOLhad climbed 9% to $216. Throughout the day, it fluctuated between $190.28 and $220.00.

DOGE Hits $0.2818 as SHIB and PEPE Surge

Also, on the last day, the price of DOGE has soared 20%, reaching $0.2818. One Shiba Inu can be purchased for $0.00001627, a 19% intraday increase. PPlus PEPE was valued at $0.00001065, up 17% from the previous day.

Top Gainers Today: XCN, TAO, and FET See Strong Growth

Top Gainers Today: XCN, TAO, and FET See Strong Growth

Today’s top crypto gainers are Onyxcoin (XCN), priced at $0.03159, with a 30% increase in the last 24 hours.  ittensor (TAO) also saw a 30% surge, reaching $380.68, while Artificial Superintelligence Alliance (FET) climbed 27% to $0.8317. According to CoinMarketCap data, Drives Market Concerns no cryptocurrencies have faced a today as the market rebounded with strong bullish momentum.

Trump’s Fund Sparks Crypto Speculation

Another positive market news is the creation of a Sovereign Wealth Fund, which U.S. President Donald Trump recently authorized through an executive order. Notably, the goal of this fund is to ensure the United States’ economic security in the long run. Even with the rump about cryptocurrenciessvestorswondersr if the fund will hold Bitcoin and Ethereum.  Despite the lack of formal confirmations, the BTC and ETH markets could experience significant gains if this accomplishment is accomplished shortly.

Final Thoughts

Recent events in the U.S. economy and cryptocurrency market have painted a more positive picture for digital assets. Bitcoin, Ethereum, XRP, and Solana have all seen significant price gains after President Trump paused tariffs on Canada and Mexico. The optimism could grow further if the U.S. Sovereign Wealth Fund includes Bitcoin and Ethereum in its portfolio. While the fund’s structure is still unclear, the market’s recovery and potential institutional support suggest that digital assets may enter a new era. Investors closely watch these trends, anticipating more growth in the coming months.

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