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Crypto Market Holds Firm at $2.3 Trillion: Bitcoin Dips on Tariff Fears While ETH Rockets 7%

Crypto Market Holds Firm at : Bitcoin Dips on Tariff Fears While ETH Rockets 7%

The cryptocurrency world keeps buzzing with action. In the last 24 hours, the crypto market showed moderate ups and downs but stayed mostly stable. Total market cap sits at about $2.3 trillion, up 3% from yesterday. This is a small win after a dip last week. Traders watch closely as big players like Bitcoin face new pressures.

Bitcoin’s Rollercoaster Ride Amid Global News

Bitcoin (BTC), the king of crypto, moved between $64,000 and $66,000. It gained 3% to 5%, but new U.S. tariffs announced by President Trump pushed it below $65,000 for a bit. This fits a tough month for BTC. February losses hit around 19% so far – its worst since mid-2022. Yet, real-world use grows. Bitcoin’s Lightning Network handled 5,000 payments in just 8 hours at a Las Vegas event. This shows BTC moving from store of value to daily payments.

Altcoins Steal the Show: ETH Up, SOL Down

Not all coins followed Bitcoin. Ethereum (ETH) climbed to near $1,950, up as much as 7%. That’s strong momentum for the smart contract leader. XRP held steady at $1.40 with a 5% gain. Privacy coins like Monero (XMR) and governance tokens like Decred (DCR) topped the charts. Investors love these for real utility.

On the flip side, Solana (SOL) dropped to $84, down nearly 10%. Still, sentiment leans to alts like XRP, SOL, and even Shiba Inu (SHIB) as BTC pauses.

  • ETH: +7% to $1,950 – DeFi boost ahead?
  • XRP: +5% at $1.40 – Stable amid volatility
  • SOL: -10% to $84 – Short-term pullback
  • Monero & Decred: Top gainers – Privacy and governance win

Big News Driving the Market

Regulations Heat Up

South Korea now makes crypto influencers disclose their holdings. This pushes for more openness. Hong Kong plans its first stablecoin licenses next month. Expect more stable digital money there.

Institutional Money Pours In

Big finance jumps deeper. BlackRock tokenizes stocks and bonds, runs a $2 billion tokenized Treasury fund. Apollo launches a $100 million blockchain credit fund. Meta revives stablecoin plans for 2026. Even Ethereum’s Vitalik Buterin sold some ETH but stays bullish on DeFi growth.

Tech Advances and Trends

Privacy tech shines with Zenrock’s Hush layer – it adds yields to safe deals. Stablecoins get more checks on reserves. Tokenized bank deposits and CBDCs move to real use. Prediction markets grow: Kalshi gains users, Polymarket slows a bit. Chainflip adds BTC lending and staking, BNB chain support soon.

ETFs see net inflows, trading volume hits $90 billion. Signs of building trust.

What Does This Mean for Investors?

The crypto market heads toward more real use and big money trust. Volatility comes from news like tariffs, but basics stay solid. Bitcoin tests support, alts rally. Watch institutions – they bring stability.

Key insights:

  1. Lightning Network proves BTC scalability.
  2. Privacy coins signal demand for secure assets.
  3. Tokenization bridges TradFi and crypto.
  4. Regulations clarify rules, attract capital.

Outlook: Steady Climb Ahead?

Despite BTC’s February woes, market cap growth and volume say yes. If tariffs ease and licenses roll out, we could see new highs. Stay tuned for ETF flows and alt rallies. The path to mainstream adoption looks clearer.

Trading volumes at $90B and positive ETF inflows show hunger for crypto. As tools like Chainflip expand BTC utility, expect more action.

Final Thoughts

In this 24-hour crypto update, stability rules amid swings. Bitcoin holds the line, ETH leads alts, and institutions build the future. Whether you’re HODLing BTC or eyeing privacy gems, opportunity knocks. What’s your next move?


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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

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