• Crypto Market Rollercoaster: Bitcoin Rebounds, Trump's Impact, and Top Altcoin Bets

  • Feb 11 2025
  • Length: 3 mins
  • Podcast

Crypto Market Rollercoaster: Bitcoin Rebounds, Trump's Impact, and Top Altcoin Bets

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  • Summary

  • The Bitcoin & Cryptocurrency Investment Show podcast.

    Hey there, fellow crypto enthusiasts It's your buddy Crypto Willy here, and I'm excited to share the latest updates from the world of Bitcoin and cryptocurrencies. Let's dive right in!

    Last week was a rollercoaster ride for the crypto market. On February 2, President Donald Trump's announcement of new tariffs on imports from Mexico, Canada, and China sent shockwaves through the market, leading to a massive sell-off. Over $2.2 billion was wiped out in just 24 hours, affecting more than 700,000 traders. This was the largest liquidation event in crypto history, surpassing even the FTX collapse and the COVID-19 crash.

    However, the market staged a remarkable recovery. Bitcoin rebounded by 7.14%, climbing back to around $101,000, while Ethereum saw an even stronger resurgence, increasing by 12% to $2,809. Altcoins also participated in the recovery, with XRP soaring 23.34%. This rebound was partly attributed to a temporary delay in the implementation of the announced tariffs, providing a brief respite and easing trade war fears.

    In other news, the Trump administration's pro-crypto stance has fueled a surge in crypto ETF filings. Solana has outpaced Ethereum in DEX trading volume for the fourth consecutive month, driven by the explosive growth of new token creation and the AI narrative dominance in the crypto space.

    According to Binance Research, the total value locked (TVL) in DeFi saw a modest 0.4% increase in January, but regulatory developments took center stage. The U.S. Treasury finalized rules expanding reporting requirements to certain DeFi platforms, and the stablecoin market cap grew 6% to $217 billion.

    Meanwhile, a recent survey by Security.org found that 60% of respondents believe cryptocurrency will perform even better under Trump's presidency. Current crypto owners are far more optimistic about the market's potential, with 75% expecting the value of cryptocurrencies to increase.

    Lastly, experts are betting big on top trending cryptos like Avalanche, Polkadot, Near Protocol, XRP, Binance Coin, and Qubetics. These projects are leading the way in blockchain interoperability, multi-chain ecosystems, and scalable smart contract technology.

    That's all for now, folks Stay tuned for more updates from the world of crypto, and remember to always do your own research before making any investment decisions. Until next time, stay crypto-tastic!

    Your buddy,
    Crypto Willy

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