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Hello, I am cryptoking80 and welcome to my first square. I have traded since 2013 and I will be sharing my knowledge and experience with you.
The cryptocurrency market is undergoing significant changes as of February 7, 2025, especially in Ethereum (ETH) and Bitcoin (BTC).
At the moment, Bitcoin is down 1.49% from the last close, trading at $97,293. The range of the day's trading has been as high as $99,167 and as low as $95,761. Recent geopolitical events have influenced a larger trend, of which caused this decline.
The crypto industry saw a $2 billion liquidation as a result of the notable market reaction to President Donald Trump's announcement of new tariffs on imports from China, Canada, and Mexico. After the news, Bitcoin fell 7.5% to $91,969 in value.
With its current price of $2,738.44, Ethereum has dropped 3.95% from its last close. At $2,854.68, the intraday high was recorded, and the low was $2,669.54. The recent market volatility has had an impact on Ethereum, just like it has on Bitcoin. After the announcement of the tariffs, Ethereum's price fell 20.1% to $2,510.
In conclusion, even though the current market mood is cautious due to geopolitical events, the long-term outlook for Bitcoin and Ethereum is still optimistic due to anticipated regulatory developments and macroeconomic trends.
The cryptocurrency market is undergoing significant changes as of February 7, 2025, especially in Ethereum (ETH) and Bitcoin (BTC).
At the moment, Bitcoin is down 1.49% from the last close, trading at $97,293. The range of the day's trading has been as high as $99,167 and as low as $95,761. Recent geopolitical events have influenced a larger trend, of which caused this decline.
The crypto industry saw a $2 billion liquidation as a result of the notable market reaction to President Donald Trump's announcement of new tariffs on imports from China, Canada, and Mexico. After the news, Bitcoin fell 7.5% to $91,969 in value.
With its current price of $2,738.44, Ethereum has dropped 3.95% from its last close. At $2,854.68, the intraday high was recorded, and the low was $2,669.54. The recent market volatility has had an impact on Ethereum, just like it has on Bitcoin. After the announcement of the tariffs, Ethereum's price fell 20.1% to $2,510.
In conclusion, even though the current market mood is cautious due to geopolitical events, the long-term outlook for Bitcoin and Ethereum is still optimistic due to anticipated regulatory developments and macroeconomic trends.
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