Gold prices surged to an unprecedented high of $2,849.05 per ounce on Wednesday, driven by renewed U.S.-China trade tensions and geopolitical uncertainties in the Middle East. The precious metal has demonstrated resilience this year, posting a 7.31% year-to-date gain, outperforming Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) 4.27% increase during the same period.



What Happened: The latest rally came after former President Donald Trump imposed <a href="https://www.benzinga.com/government/regulations/25/02/43462165/china-strikes-retaliatory-measures-against-us-following-trumps-10-tariffs-its-much-less-than-proportional-analyst-says">a 10% tariff on Chinese imports</a>, prompting a measured response from Beijing. 



Peter Schiff, a prominent economist and gold advocate, views current market dynamics as bullish. &#8220;The fact that the public is selling and not buying is extremely bullish for gold. It&#8217;s a contrarian indicator,&#8221; Schiff posted on X, suggesting that retail investors might return to the market at higher price levels.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I forgot to mention it, but the fact that the public is selling and not buying is extremely bullish for gold. It&#39;s a contrarian indicator. Retail gold investors will eventually stop selling, and later, the general public will start buying, but at much higher prices.&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1886926686681489803?ref_src=twsrc%5Etfw">February 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also: <a href="https://www.benzinga.com/25/02/43484615/cathie-wood-led-ark-invest-dumps-7m-worth-of-palantir-stock-amid-searing-rally">Cathie Wood-Led Ark Invest Dumps $7M Worth Of Palantir Stock Amid Searing Rally</a>



Why It Matters: Market sentiment received additional support from Trump&#8217;s proposal to assume <a href="https://www.benzinga.com/25/02/43484176/trump-says-us-will-take-over-gaza-strip-were-going-to-develop-it-create-thousands-of-jobs">U.S. control over Gaza Strip</a> reconstruction, adding another layer of geopolitical complexity to the precious metal&#8217;s appeal. However, analysts note that persistent high interest rates could potentially cap gold&#8217;s upside.



Gold futures for April delivery reached $2,879.49, up 0.13%, reflecting strong demand. The metal has appreciated 7.56% since Trump&#8217;s November election victory, though this performance trails Bitcoin&#8217;s 40.15% surge over the same timeframe.



The metal&#8217;s performance comes at a time when investors are closely monitoring potential inflationary pressures that could emerge from new tariffs, possibly <a href="https://www.benzinga.com/etfs/25/02/43468406/treasury-etfs-in-focus-as-trumps-tariffs-feds-rate-decision-shake-bond-markets">influencing Federal Reserve monetary policy decisions</a>. 



Despite the robust rally, market participants remain vigilant about interest rate trajectories, which traditionally have an inverse relationship with gold prices.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43484922/bitcoin-ethereum-dogecoin-drops-as-trumps-crypto-czar-announces-oversight-committee-eric-trump-says-great-time-to-add-eth">Bitcoin, Ethereum, Dogecoin Drops As Trump&#8217;s &#8216;Crypto Czar&#8217; Announces Oversight Committee: Eric Trump Says &#8216;Great Time&#8217; To Add ETH</a></li>
</ul>



Image Via Shutterstock 



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Gold Outshines Bitcoin As Trump's Gaza Plan, US-China Tensions Fuel Rally—Peter Schiff Calls It 'Extremely Bullish'

Major cryptocurrencies declined sharply on Tuesday following the announcement of a new regulatory oversight committee, with total market liquidations reaching nearly $485 million in the past 24 hours.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8.15 p.m. ET)</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-2.96%</td><td>$98,240.17</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>-4.15%</td><td>$2,735.57</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>-7.19%</td><td>$0.2649</td></tr></tbody></table></figure>



What Happened: The leading cryptocurrency dropped to $97,924.27, its lowest level in the last 24 hours of trading, while the broader crypto market capitalization fell 2.92% to $3.23 trillion. 



The decline coincided with newly appointed &#8220;Crypto Czar&#8221; David Sacks announcing the formation of a bipartisan, bicameral committee to establish a <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43477333/crypto-czar-sacks-says-potential-bitcoin-reserve-to-be-one-of-crypto-committees-first-priorities">regulatory framework for digital assets</a>.



Ethereum also experienced downward pressure despite social media attention from Eric Trump, who suggested on X that &#8220;it&#8217;s a great time to add $ETH.&#8221; 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In my opinion, it's a great time to add <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>.&mdash; Eric Trump (@EricTrump) <a href="https://twitter.com/EricTrump/status/1886541132903133230?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



The second-largest cryptocurrency&#8217;s decline followed Dogecoin&#8217;s retreat after its 15% rally on Monday.



The market turbulence triggered significant trading activity, with over 161,000 traders facing liquidations. The total cryptocurrency open interest decreased by 5.61% to $113.45 billion, while trading volume dropped 43.19% to $194.42 billion, according to CoinGlass.



Market sentiment remains cautious, with the Crypto Fear and Greed Index reading 54 on Tuesday, indicating a neutral stance. 



Top Gainers (24-Hours)



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8.15 p.m. ET)</td></tr><tr><td>Official Melania Meme (MELANIA)</td><td>+11.56%</td><td>$1.65</td></tr><tr><td>Pudgy Penguins (PENGU)</td><td>+3.96%</td><td>$0.01374</td></tr><tr><td>Hyperliquid (HYPE)</td><td>+2.04</td><td>$25.55</td></tr></tbody></table></figure>



The cryptocurrency market&#8217;s decline occurred against a backdrop of mixed traditional market performance. The Dow Jones Industrial Average gained 134.13 points, or 0.30%, closing at 44,556.04, while the S&amp;P 500 rose 0.72% to 6,037.88. 



The tech-heavy Nasdaq Composite, however, fell 1.35% to 19,654.02. Dow futures showed minimal movement in after-hours trading, down just 7 points as of 8:15 p.m. EDT.



See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43476777/shiba-inu-eyes-393-rally-dogecoin-targets-333-gains-whats-happening">Shiba Inu Eyes 393% Rally, Dogecoin Targets 333% Gains: What&#8217;s Happening?</a>



Analyst Notes:&nbsp; Leading cryptocurrency analyst Rekt Capital expects Bitcoin to consolidate between $98,300 and $101,000 in the near term. &#8220;Bitcoin revisited the $101k level&#8230; but failed the subsequent post-breakout retest of it into new support,&#8221; they noted. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin revisited the $101k level (black) In fact, Bitcoin even Daily Closed above it, but failed the subsequent post-breakout retest of it into new support BTC is probably going to consolidate between $98300 and $101000 for the time being<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/X9EPlU6XtO">https://t.co/X9EPlU6XtO</a> <a href="https://t.co/UOysUdhAlr">pic.twitter.com/UOysUdhAlr</a>&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1886773952980087156?ref_src=twsrc%5Etfw">February 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Similarly, analyst Ali Martinez suggested Bitcoin is trading within a broader range between $90,900 and $108,500, with no clear directional trend.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> is consolidating between $90,900 and $108,500. Until we see a clear breakout beyond this range, the trend direction remains uncertain. <a href="https://t.co/JRyk9dLjlw">pic.twitter.com/JRyk9dLjlw</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1886875374463963312?ref_src=twsrc%5Etfw">February 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Cryptocurrency analyst Michaël van de Poppe offered a contrarian view regarding Ethereum&#8217;s prospects following Eric Trump&#8217;s comments, stating, &#8220;The most hated trade is usually the best trade to take. If Trump bets massively on $ETH, it&#8217;s almost foolish to not follow that route at these valuations.&#8221;



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The most hated trade is usually the best trade to take. If Trump bets massively on <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>, it&#39;s almost foolish to not follow that route at these valuations.&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1886854990238458120?ref_src=twsrc%5Etfw">February 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/25/02/43482999/robinhood-ends-super-bowl-lix-bets-plan-after-cftc-complaint">Robinhood Ends Super Bowl LIX Bets Plan After CFTC Complaint: &#8216;Work To Roll Out A More Comprehensive Contracts Platform Later This Year&#8217;</a></li>
</ul>



Image Via Shutterstock 



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Bitcoin, Ethereum, Dogecoin Drops As Trump's 'Crypto Czar' Announces Oversight Committee: Eric Trump Says 'Great Time' To Add ETH

Cryptocurrency markets are trading lower on reduced volatility on Tuesday.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>&nbsp;$98,858.48</td><td>-2.9%</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>&nbsp;$2,747.65</td><td>+0.8%</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>&nbsp;$207.51</td><td>-2.2%</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>&nbsp;$2.58</td><td>-3.1%</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>&nbsp;$0.2646</td><td>-4.6%</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>&nbsp;$0.00001571</td><td>-2.4%</td></tr></tbody></table></figure>



Notable Statistics:



<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 60.8% and daily active addresses rise by 14.3%. Transactions greater than $100,000 are up from 9,766 to 14,810 in a single day. Exchanges netflows are down by 138.6%.</li>



<li>Coinglass data reports 150,405 traders were liquidated in the past 24 hours for $436.49 million.</li>
</ul>



Notable Developments:



<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43473182/could-the-trump-established-sovereign-wealth-fund-invest-in-bitcoin-nvidia-tiktok">Could The Trump-Established Sovereign Wealth Fund Invest In Bitcoin, Nvidia, TikTok?</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43469427/ftx-repayments-begin-february-18-claims-under-50000-eligible">FTX Repayments Begin February 18, Claims Under $50,000 Eligible</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43453542/coinbase-says-its-become-uks-largest-crypto-exchange-after-securing-regulatory-approval">Coinbase Says It&#8217;s Become UK&#8217;s Largest Crypto Exchange After Securing Regulatory Approval</a></li>



<li><a href="https://www.benzinga.com/25/02/43455529/el-salvador-buys-the-dipnayib-bukele-led-nation-purchases-bitcoin-worth-over-a-million-after-market-crash">El Salvador Goes Bigger on Bitcoin: Daily Purchase Jumps 10x Amid Market Slump</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43467651/meme-coin-index-doge-jones-launches-app-including-doge-shib-bonk">Meme Coin Index &#8216;Doge Jones&#8217; Launches App Including DOGE, SHIB, BONK</a></li>



<li><a href="https://www.benzinga.com/25/02/43467982/whats-going-on-with-bitcoin-mining-stocks-tuesday">What&#8217;s Going On With Bitcoin Mining Stocks Tuesday?</a></li>
</ul>



Top Losers:



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>Fartcoin (CRYPTO: FARTCOIN)</td><td>&nbsp;$0.6793</td><td>-16.2%</td></tr><tr><td>JasmyCoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">JASMY</a>)</td><td>&nbsp;$0.02357</td><td>-9.3%</td></tr><tr><td>SPX6900 (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">SPX</a>)</td><td>&nbsp;$0.8109</td><td>-8.7%</td></tr></tbody></table></figure>



Trader Notes: Despite the government&#8217;s announcement of a Crypto Task Force, Bitcoin prices continue to decline. 



Crypto Con highlighted that Bitcoin has spent 583 days—about 1.6 years—moving sideways this cycle, compared to just 175 days of meaningful upside.



This means patience is essential, as the next 30-day+ sprint of strong price action will make the wait worthwhile. &#8220;Patience is important!&#8221; the trader emphasized.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">So far this cycle, Bitcoin has spent about 583 days ranging (going sideways) or about 19.5 months or 1.6 years. By contrast, Bitcoin has spent just 175 days making meaningful price action to the upside, or a little less than 6 months. That means most of the time here you spend… <a href="https://t.co/VNm0Fduxcr">pic.twitter.com/VNm0Fduxcr</a>&mdash; CryptoCon (@CryptoCon_) <a href="https://twitter.com/CryptoCon_/status/1886845288536592660?ref_src=twsrc%5Etfw">February 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



More Crypto Online <a href="https://x.com/Morecryptoonl/status/1886856394005209204">noted</a> that Bitcoin has yet to confirm a full 5-wave pattern. 



A move higher without breaking today's low could push BTC above $103,220. 



However, if today's low breaks, a deeper correction could test $93,628, with a possible drop to $75,000-$82,000 if that level fails. 



For now, micro support is holding as traders watch for signs of further upside.



Meanwhile, crypto trader CJ expects Bitcoin to hit the $95,000-$96,000 range.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> H1 level of interest for longs. Interested sub 97k. But would like to see 95-96k tagged. <a href="https://t.co/Ys3XD41ncJ">pic.twitter.com/Ys3XD41ncJ</a>&mdash; CJ (@CJ900X) <a href="https://twitter.com/CJ900X/status/1886873755047354709?ref_src=twsrc%5Etfw">February 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43474596/dogecoin-shiba-inu-popcat-have-corrected-multiple-times-and-bounced-back-doge-set-to-do-the-same-trader-argues">Dogecoin, Shiba Inu, Popcat Have Corrected Multiple Times And Bounced Back, D.O.G.E Set To Do The Same, Trader Argues</a></li>
</ul>



Image: Shutterstock

Bitcoin, XRP, Dogecoin Dip, Ethereum Holds Steady As Crypto Market Consolidates

President Donald Trump&#8217;s newly appointed <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43188280/heres-what-donald-trumps-crypto-czar-will-now-work-on">"Crypto Czar" David Sacks</a> on Tuesday announced the formation of a bipartisan, bicameral committee to establish a clear regulatory framework for the digital asset industry.



Sacks further stated one of the first priorities of the committee would be to <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43473182/could-the-trump-established-sovereign-wealth-fund-invest-in-bitcoin-nvidia-tiktok">ascertain the feasibility</a> of a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserve.



What Happened: &#8220;One of the things the president instructed us to do was to evaluate the idea for a Bitcoin reserve. So it is one of the first things we are going to look at as part of the internal working group at the administration. We are still waiting for sub cabinet secretaries on the working group to get confirmed,&#8221; he said at a press conference alongside Senate and House leaders.



"We want that value creation to happen in the United States rather than giving it away to other countries," Sacks stated. 



His comments highlighted the need to reverse years of regulatory uncertainty that has driven crypto innovation offshore. He pointed to arbitrary enforcement actions, lack of clear guidance and debanking of crypto founders as factors pushing technological advancements outside U.S. borders.



Sacks argued that keeping crypto innovation domestic would not only drive economic growth but also improve consumer protection, as regulators would have more oversight over onshore activities.



The newly announced committee includes representatives from both chambers of Congress, uniting the House Financial Services, Senate Banking, House Agriculture and Senate Agriculture Committees.



The committee's goal is to deliver comprehensive legislation addressing market structure and stablecoins, while also aligning with the administration's focus on cementing U.S. leadership in digital assets.



Chairman French Hill, a key supporter of the initiative, expressed optimism about the collaborative approach. 



He said the working group will harmonize efforts on digital assets legislation and prioritize stablecoin regulation, building on bipartisan progress made in the 118th Congress. 



"We are the land of opportunity, the land of innovation," Hill said, adding that clarity and stability in regulations are essential for the U.S. to maintain its competitive edge in financial technology.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43469427/ftx-repayments-begin-february-18-claims-under-50000-eligible">FTX Repayments Begin February 18, Claims Under $50,000 Eligible</a>



Why It Matters: Sacks' push to retain crypto innovation in the U.S. aligns with broader concerns about the country losing its technological edge to nations with clearer regulations, such as Singapore and Switzerland.



His emphasis on regulatory clarity addresses longstanding criticisms from industry leaders who argue that the lack of defined rules has created uncertainty for entrepreneurs and investors alike.



The U.S. crypto ecosystem has faced challenges in recent years, including enforcement actions by the SEC that critics have described as inconsistent. 



Sacks pointed to these enforcement trends as detrimental to the growth of the industry, stating that "financial assets are destined to become digital, just like every analog industry has become digital." 



Keeping these advancements onshore, he argued, is vital for the U.S. to maintain its leadership in the next wave of technological innovation.



Moreover, the formation of the committee signals a coordinated approach to addressing regulatory gaps, particularly around stablecoins and market structure. 



Stablecoins, which Sacks described as critical to ensuring American dollar dominance internationally, have the potential to create trillions of dollars in demand for U.S. treasuries. 



This strategic alignment between stablecoins and U.S. financial stability solidifies their importance in the broader digital assets framework.



Despite the ambitious vision laid out by Sacks and congressional leaders, challenges remain. 



Implementing a regulatory framework that balances innovation with consumer protection will require navigating complex jurisdictional overlaps between agencies like the SEC and CFTC. 



Additionally, educating new members of Congress on the intricacies of digital assets was cited as a top priority by several leaders at the press conference.



The bipartisan and bicameral nature of the working group provides a promising foundation, but questions about execution persist. 



Historically, legislative momentum in the crypto space has been slow, with competing priorities and fragmented approaches stalling progress.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43463102/bitcoin-rally-stalls-around-99000-ethereum-xrp-struggle-as-china-imposes-retaliatory-tariffs">Bitcoin Rally Stalls Around $99,000, Ethereum, XRP Struggle As China Imposes Retaliatory Tariffs</a></li>
</ul>



Image: Shutterstock

'Crypto Czar' Sacks Says Potential Bitcoin Reserve To Be One Of Crypto Committee's First Priorities

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) are showing steady price action, but on-chain data and technical indicators suggest a massive rally could be <a href="https://www.benzinga.com/money/shiba-inu-price-prediction">on the horizon</a>.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>24-Hour Trend</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td> $0.2636</td><td> -5.7%</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td> $0.00001563</td><td> -3.4%</td></tr><tr><td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td><td> $0.00001001</td><td> -5.0%</td></tr></tbody></table></figure>



Trader Notes: Crypto trader Javon Marks <a href="https://x.com/JavonTM1/status/1886813144330224091">predicts</a> that Shiba Inu could surge nearly 10x to $0.0001553. 



The initial target is $0.000081 (+393%), but strong buyer accumulation on dips could fuel an even larger move. Consolidation at current levels could strengthen the long-term breakout.



The current consolidation may enhance the longevity of the rally, increasing the chances of surpassing $0.000081 and targeting $0.0001553 (+840%).



For Dogecoin, Marks <a href="https://x.com/JavonTM1/status/1886814855044173854">sees</a> a strong breakout momentum with $0.6533 as the next target. If DOGE clears this resistance, it could push toward $1.2511—a potential 333% gain.



Meanwhile, crypto trader Bluntz Capital <a href="https://x.com/Bluntz_Capital/status/1886504938500440128">highlights</a> that despite meme coin struggles, DOGE is showing relative strength, which could signal a shift in market dynamics. 



His ABC correction analysis on DOGE's USD and BTC pairs suggests a potential bottom, setting up for a 2x-3x move.



More Crypto Online notes that DOGE needs to reclaim $0.34 to confirm a market bottom. 



If $0.18 holds as support, the bullish outlook remains intact, keeping the possibility of new highs this cycle alive.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a>: A move back above $0.34 is needed to strengthen the case for a confirmed low. Until then, the possibility of a lower low remains valid, though there isn't much room before the likelihood of new highs in this cycle becomes less realistic. As long as there is no sustained… <a href="https://t.co/YU7e28XaZ1">pic.twitter.com/YU7e28XaZ1</a>&mdash; More Crypto Online (@Morecryptoonl) <a href="https://twitter.com/Morecryptoonl/status/1886830789016379548?ref_src=twsrc%5Etfw">February 4, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Statistics: Shibburn data reveals that Shiba Inu's burn rate surged 471.8% in a single day, with 15.4 million SHIB burned. One large transaction alone removed 12.7 million SHIB from circulation. 



Meanwhile, Shibarium&#8217;s daily transactions have remained steady at 4.7 million, reinforcing network activity strength.



IntoTheBlock data shows Shiba Inu whale transactions spiked 280.9% while transactions greater than $100,000 expanded from 215 to 577 in a single day. 



However, daily active addresses dropped 2.7%.



Community News: Grayscale <a href="https://x.com/Grayscale/status/1886856508765560993">announced</a> that "Grayscale Dogecoin Trust is finally here and open to eligible accredited investors." 



The objective of this trust is to gain exposure to the token underlying the Dogecoin Network (&#8220;DOGE&#8221;) in the form of a security while avoiding the challenges of buying, storing and safekeeping DOGE directly.



Shiba Inu marketing lead Lucie <a href="https://x.com/LucieSHIB/status/1886800635695116593">noted</a> that the community has entered a historic partnership with UAE Ministry of Energy &amp; Infrastructure (MoEI). 



The government's official stated, "Shiba Inu's decentralized solutions align perfectly with our mission to innovate energy and infrastructure." 



MoEI will leverage Shiba Inu's platform to integrate Web3 solutions into key sectors such as energy and infrastructure.



Canadian blockchain company Neptune Digital Assets <a href="https://x.com/Cointelegraph/status/1886834310407229463">purchased</a> 1 million DOGE tokens for approximately $270,000.



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43432142/dogecoin-shiba-inu-crater-13-as-bitcoin-takes-a-tariff-beating">Dogecoin, Shiba Inu Crater 13% As Bitcoin Takes A Tariff Beating</a></li>
</ul>

Shiba Inu Eyes 393% Rally, Dogecoin Targets 333% Gains: What's Happening?

According to a prominent trader, the Department Of Government Efficiency (D.O.G.E) token is following the typical meme coin trajectory—major rallies followed <a href="https://www.benzinga.com/money/how-to-launch-a-crypto-meme-coin">by deep corrections</a>.  



What Happened: In a <a href="https://x.com/theunipcs/status/1886732356096287056">post</a> on X on Tuesday, trader Unipcs highlighted that despite facing heavy criticism after a 90% drop from its $500 million peak, this pattern is normal and D.O.G.E is primed for a comeback.



Historical examples like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), Popcat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POPCAT</a>), Dogwifhat (CRYPTO: WIF, and Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>) have all experienced massive pullbacks before rallying to new highs. 



The key to meme coin survival is strong narratives, an engaged community, and an active development team, Unipcs argues.



D.O.G.E is uniquely positioned as the &#8220;official meme coin&#8221; of Trump&#8217;s administration, representing the Department of Government Efficiency. T



his branding has given it significant media coverage and backing from figures like Elon Musk.



Its crash was worsened by the launch of the Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) token, which absorbed liquidity. 



However, now that election-related sell-the-news catalysts are behind us, D.O.G.E is once again a pure meme play with strong upside <a href="https://x.com/theunipcs/status/1886732356096287056">potential</a>.



Also Read: <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43460243/market-skeptical-of-doge-hype-questions-elon-musks-execution-bernstein-says">Market Skeptical Of DOGE Hype, Questions Elon Musk&#8217;s Execution, Bernstein Says</a>



What's Next: Unipcs notes that the recent market crash was the largest liquidation event in crypto history, wiping out $10 billion in positions in 24 hours. 



Despite this, he believes the bull run isn't over.



With a pro-crypto U.S. administration and renewed risk appetite, meme coins could be set for a massive resurgence. He <a href="https://x.com/theunipcs/status/1886572123256402179">advises</a> to stay patient—recovery is possible, but traders must navigate it wisely.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43467651/meme-coin-index-doge-jones-launches-app-including-doge-shib-bonk">Meme Coin Index &#8216;Doge Jones&#8217; Launches App Including DOGE, SHIB, BONK</a></li>
</ul>



Image: Shutterstock

Dogecoin, Shiba Inu, Popcat Have Corrected Multiple Times And Bounced Back, D.O.G.E Set To Do The Same, Trader Argues

U.S. stocks advanced midday Tuesday, demonstrating resilience despite escalating geopolitical tensions and trade uncertainties between the <a href="https://www.benzinga.com/news/econ-s">world&#8217;s two largest economies.</a>



China responded to President Donald Trump&#8216;s 10% import tariff with targeted countermeasures, including restrictions on key mineral exports to the U.S. and tariffs on American energy products.



Beijing is raising tariffs by 10%-15% on select U.S. imports, including coal, liquefied natural gas, crude oil, agricultural machinery and vehicles. Additionally, China added PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) and Illumina Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>) to its &#8220;Unreliable Entity List,&#8221; citing the need to &#8220;safeguard national sovereignty, security, and development interests,&#8221; and opened an antitrust investigation on Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>).



Market participants had anticipated a call between Trump and Chinese President Xi Jinping on Tuesday, but media reports indicated the conversation would not happen today.



The trade developments had an immediate impact on oil markets, with West Texas Intermediate crude futures plunging 3% overnight to as low as $70 per barrel. 



Yet, prices rebounded sharply Tuesday morning following reports that Trump is considering issuing a memorandum aimed at inflicting <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43469234/trump-prepares-maximum-pressure-on-iran-oil-jumps-above-73-energy-stocks-rally">maximum economic damage on Iran</a>, potentially leading to a sharp decline in Iranian oil production.



Energy stocks outperformed on the day, while utilities lagged. 



Among individual stocks, Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) rocketed 22% after posting strong earnings and a revenue beat. 



In the commodities market, gold added more than 1%, extending its all-time high, and silver jumped 2.2%. Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) declined 2% to $99,000.



<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Major Indices</td><td>Price</td><td>1-day % chg</td></tr><tr><td>Russell 2000</td><td>2,281.54</td><td>1.0%</td></tr><tr><td>Nasdaq 100</td><td>21,495.31</td><td>0.9%</td></tr><tr><td>S&amp;P 500</td><td>6,029.97</td><td>0.6%</td></tr><tr><td>Dow Jones</td><td>44,501.00</td><td>0.2%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated at 12:55 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent020325&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:



<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;rose 0.5% to $600.53.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.1% higher to $444.77.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 0.9% to $522.81.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 1.1% to $226.80.</li>



<li>The&nbsp;Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 1.9%; the&nbsp;Utilities Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 0.8%.</li>
</ul>



<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>



Stocks reacting to earnings report included: 



<ul>
<li>Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>): down 1.53%</li>



<li>PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>): down 4.43%</li>



<li>Merck &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>): down 10.49%</li>



<li>PayPal Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>): down 11.57%</li>



<li>Archer-Daniels-Midland Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>): down 3.58%</li>



<li>KKR &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>): down 7.90%</li>



<li>Cummins Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>): up 3.81%</li>



<li>Enterprise Products Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>): down 0.99%</li>



<li>Marathon Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>): up 5.85%</li>



<li>Estee Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>): down 16.35%</li>



<li>Apollo Global Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>): down 2.78%</li>



<li>Fox Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>): up 4.00%</li>



<li>Ametek Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AME#NYSE">AME</a>): down 1.00%</li>



<li>Xylem Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>): up 5.85%</li>



<li>Ferrari NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>): up 7.62%</li>



<li>Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>): up 10.46%</li>



<li>Regeneron Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>): up 4.71%</li>



<li>Jacobs Solutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/J#NYSE">J</a>): down 2.72%</li>



<li>Aramark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARMK#NYSE">ARMK</a>): down 1.51%</li>



<li>Gartner Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IT#NYSE">IT</a>): up 0.77%</li>



<li>Centene Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>): down 3.41%</li>



<li>Atkore Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATKR#NYSE">ATKR</a>): down 20.50%</li>



<li>Berry Global Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BERY#NYSE">BERY</a>): up 4.15%</li>



<li>WEC Energy Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WEC#NYSE">WEC</a>): down 1.52%</li>



<li>Hubbell Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBB#NYSE">HUBB</a>): down 0.55%</li>



<li>TransDigm Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>): down 1.60%</li>



<li>Graphic Packaging Holding Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPK#NYSE">GPK</a>): down 1.76%</li>



<li>CNH Industrial NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNHI#NYSE">CNHI</a>): up 1.71%</li>



<li>Ingredion Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INGR#NYSE">INGR</a>): down 6.12%</li>



<li>ATI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>): up 7.02%</li>



<li>Ball Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALL#NYSE">BALL</a>): down 8.03%</li>



<li>Lancaster Colony Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LANC#NASDAQ">LANC</a>): up 9.27%</li>



<li>Premier Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PINC#NASDAQ">PINC</a>): down 15.36%</li>



<li>MPLX LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>): up 2.92%</li>



<li>Oaktree Specialty Lending Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCSL#NASDAQ">OCSL</a>): down 3.42%</li>



<li>PJT Partners Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PJT#NYSE">PJT</a>): up 12.77%</li>



<li>Energizer Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>): down 4.45%</li>



<li>Silicon Laboratories Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>): down 1.05%</li>



<li>Hamilton Lane Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLNE#NASDAQ">HLNE</a>): down 0.01%</li>



<li>Madison Square Garden Sports Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSGS#NYSE">MSGS</a>): down 3.74%</li>



<li>Pentair Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>): down 1.89%</li>



<li>Amcor Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMCR#NYSE">AMCR</a>): up 3.87%</li>



<li>Inmode Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INMD#NASDAQ">INMD</a>): up 2.82%</li>



<li>Willis Towers Watson Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTW#NASDAQ">WTW</a>): down 3.54%</li>



<li>Axalta Coating Systems Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXTA#NYSE">AXTA</a>): up 7.86%</li>



<li>Mesa Laboratories Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLAB#NASDAQ">MLAB</a>): up 10.48%</li>
</ul>



Major companies reporting their earnings after the close are Alphabet Inc., Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Mondelez International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>), Chipotle Mexican Grill Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), Prudential Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>), Simon Property Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>), Atmos Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>), Aspen Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZPN#NASDAQ">AZPN</a>), Carlisle Cos. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSL#NYSE">CSL</a>), Fair Isaac Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>), Jack Henry &amp; Associates Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>), Idex Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEX#NYSE">IEX</a>) and Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>).



Read Now: 



<ul>
<li><a href="https://www.benzinga.com/25/02/43468887/robert-f-kennedy-nomination-advances-to-full-senate-vaccine-stocks-drop">Robert F. Kennedy&#8217;s Health Secretary Nomination Advances To Full Senate: Vaccine Stocks Drop</a></li>
</ul>



Photo: Marek Masik via Shutterstock

US Stocks Rise Despite China's Trade Fears, Palantir Defies Gravity, Gold Rallies Further: What's Driving Markets Tuesday?

President Donald Trump's executive order to create a U.S. Sovereign Wealth Fund (SWF) has triggered debates over its structure, funding <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43460243/market-skeptical-of-doge-hype-questions-elon-musks-execution-bernstein-says">and potential investments</a>.



While experts acknowledge its potential to transform U.S. fiscal strategy, significant challenges exist in aligning such a fund with the country's current economic reality as a net debtor.



<h2 class="wp-block-heading">What Is A Sovereign Wealth Fund?</h2>



Unlike the Strategic Bitcoin Reserve (SBR), an earlier proposal that focused exclusively on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as a reserve asset, the SWF <a href="https://x.com/PressSec/status/1886474248455086456">provides</a> the government with a more flexible framework for investments across diverse asset classes.



Speaking with Benzinga, Sid Powell, CEO of Maple Finance said that the SWF is separate from the SBR in that it is much broader and can include any assets, not just crypto. 



This broader mandate allows the SWF to incorporate equities, fixed income, real estate and commodities into its portfolio, giving it strategic diversification beyond the volatility of a single asset class like Bitcoin, he said.



The flexibility of the SWF aligns more closely with traditional sovereign wealth funds globally, such as those in Norway or Singapore, which rely on diversified investments to generate stable, long-term returns. 



However, the U.S., unlike these nations, is a net borrower and has no fiscal surplus to seed the fund. 



This raises questions about its funding mechanisms.



Powell acknowledged this issue, noting that deficit reduction would be essential for generating surplus capital for the SWF. 



"The U.S. is a net borrower today, so it needs to reduce the deficit, which is the task of DOGE, to generate surplus capital to invest," Powell added.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43469427/ftx-repayments-begin-february-18-claims-under-50000-eligible">FTX Repayments Begin February 18, Claims Under $50,000 Eligible</a>



<h2 class="wp-block-heading">Would A Sovereign Wealth Fund Invest In Crypto?</h2>



This deficit challenge highlights the difficulty of funding the SWF without significantly reshaping fiscal policy or introducing new revenue sources.



Arthur Azizov, CEO of B2BINPAY, emphasized the likely emphasis on non-traditional assets like Bitcoin. 



"It's unlikely the SWF will allocate funds to U.S. Treasuries, as the Federal Reserve already holds $4.3 trillion of them," he told Benzinga. 



Instead, Azizov pointed to Bitcoin as a centerpiece of the fund, alongside physical gold for diversification. 



This view is supported by Trump's favorable stance on cryptocurrency and the involvement of Howard Lutnick, a known crypto advocate, as one of the bill's advisors.



Bitcoin's inclusion in the SWF could mark a dramatic shift in how the U.S. government approaches alternative assets. 



Traditionally, sovereign wealth funds prioritize stability and liquidity, favoring assets like equities and government bonds. 



Bitcoin, while increasingly regarded as a store of value, remains volatile.



Including Bitcoin would signal a more speculative approach, albeit one that aligns with Trump's broader economic agenda to assert dominance in emerging sectors like blockchain technology.



Speaking about the potential structure of the SWF, James Wo, founder and CEO of DFG told Benzinga that an SWF would invest in a variety of asset classes beyond Bitcoin, including equities, bonds, real estate and technology—Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) come to mind. 



He noted that such a fund could also serve strategic national interests, as seen in discussions around the U.S. potentially acquiring a stake in TikTok to prevent its ban.



The inclusion of strategic investments, such as TikTok, suggests the SWF may serve dual purposes: generating returns while supporting national security and technological competitiveness. 



This would differentiate it from traditional SWFs, which primarily focus on wealth preservation and economic stabilization. 



However, integrating both financial and strategic objectives could introduce complexity, potentially diluting the fund's ability to prioritize pure investment performance.



<h2 class="wp-block-heading">When Could A Sovereign Wealth Fund Happen?</h2>



Experts agree that the U.S.'s status as a net debtor complicates the establishment of an SWF. 



Historically, tariff revenues have been proposed as a source of fiscal surplus, but these are often offset by increased government spending. 



Wo pointed to the 2018 tariff disputes as an example, where industries affected by retaliatory tariffs required significant government support, eroding any revenue gains.



Moreover, the geopolitical implications of an SWF that heavily invests in Bitcoin or technology companies cannot be ignored. 



Such moves could intensify scrutiny from international regulators and trading partners, potentially leading to retaliatory measures that complicate the fund's operations.



While the U.S. SWF has the potential to reposition the country as a long-term investor, its success hinges on addressing fundamental fiscal challenges and balancing its investment strategy. 



Experts widely agree that Bitcoin and other alternative assets will play a central role, but diversification across equities, commodities, and strategic investments will be necessary to ensure the fund's stability and effectiveness.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43467651/meme-coin-index-doge-jones-launches-app-including-doge-shib-bonk">Meme Coin Index &#8216;Doge Jones&#8217; Launches App Including DOGE, SHIB, BONK</a></li>
</ul>



Image: Shutterstock

Could The Trump-Established Sovereign Wealth Fund Invest In Bitcoin, Nvidia, TikTok?

After falling to a low around $2,200 on early Monday morning, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) is bouncing back, propelled by a bullish statement <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42499633/exclusive-eric-trump-declares-bitcoin-the-future-details-tax-free-crypto-goals-for-trump-presidency">by Eric Trump</a>.



What Happened: The president&#8217;s son <a href="https://x.com/EricTrump/status/1886541132903133230">tweeted</a> that it's a "great time to add ETH" on Monday, sparking speculation about an upcoming ETH-related announcement.



Crypto trader ShardiB2 questioning the ethics of publicly promoting Ethereum, <a href="https://x.com/ShardiB2/status/1886720893402882397">arguing</a> that crypto is increasingly being used as a tool for market manipulation.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Market Cap</td><td>24-Hour Trend</td><td>7-Day Trend</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>&nbsp;$2,791.66</td><td>$336.5 billion</td><td>+3.5%&nbsp;</td><td>&nbsp;-11.7%</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>&nbsp;$99,712.93</td><td>$1.97 trillion</td><td>+0.92%</td><td>&nbsp;-2.5%</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>&nbsp;$2.64</td><td>$152.3 billion</td><td>+1.5%&nbsp;</td><td>-16.7%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Crypto trader Jelle <a href="https://x.com/CryptoJelleNL/status/1886726898123682231">pointed</a> out that the Trump-related World Liberty Financial project recently purchased 3,000 ETH, raising speculation about whether they have insider knowledge.



Crypto trader Bluntz Capital described Ethereum's daily price movement as the wildest daily candle he has seen in eight years of trading.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">this is the wildest <a href="https://twitter.com/search?q=%24eth&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$eth</a> daily candle i have ever seen in the 8 years ive been here <a href="https://t.co/yT9pkP2i3A">pic.twitter.com/yT9pkP2i3A</a>&mdash; Bluntz (@Bluntz_Capital) <a href="https://twitter.com/Bluntz_Capital/status/1886545645349298600?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Cold Blooded Shiller <a href="https://x.com/ColdBloodShill/status/1886789184087629857">noted</a> that noted that Ethereum's downside tolerances are wide, but that's expected with high-trade-frequency structures. He believes ETH must hold this weekly/monthly zone for the rally to continue.



Statistics: Lookonchain <a href="https://x.com/lookonchain/status/1886609550507421971">data</a> shows that World Liberty Financial, backed by Donald Trump, purchased another 1,826 ETH worth $5 million, bringing its total holdings to 61,114 ETH valued at $205 million—currently down $31 million.



Additionally, the fund transferred a large batch of assets which includes 86,296 ETH, worth $235 million, to Coinbase Prime.



Ethereum Spot ETFs saw $83.54 million in net inflows on Feb. 3, marking the third consecutive day of positive inflows. 



Fidelity's FETH led inflows, followed by Grayscale's ETHE.



IntoTheBlock data revealed a 198.9% spike in Ethereum's large transaction volume, with transactions over $100,000 jumping from 8,334 to 18,066 in a single day. 



Around 350,000 ETH, worth nearly $1 billion, was withdrawn from exchanges on Feb. 3, the highest single-day net withdrawal since January 2024, <a href="https://x.com/intotheblock/status/1886758200122265661">signaling</a> strong accumulation.



Community News: &nbsp;Crypto Czar David Sacks will host a press conference on Feb. 4, addressing digital assets and America's strategy to lead the industry.



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43447683/ethereum-down-10-in-seven-days-expect-a-lot-more-volatility-traders-say">Ethereum Down 10% In Seven Days: Expect &#8216;A Lot More Volatility,&#8217; Traders Say</a></li>
</ul>



Image: Shutterstock

Ethereum Surges 4% Ahead Of 'Crypto Czar' Announcement: A 'Great Time To Add,' Eric Trump Says

<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41234936/ftx-to-repay-creditors-up-to-16-5b-is-this-bullish-for-bitcoin">Beleaguered crypto exchange FTX</a> on Tuesday announced that first and final distributions for Convenience Class claims, those under USD $50,000, are scheduled to be available to eligible claimants starting Feb. 18.



The Joint Official Liquidators (JOLs) of FTX Digital Markets Ltd. have announced the upcoming distribution of funds to creditors with Convenience Class claims. 



According to a <a href="https://x.com/sunil_trades/status/1886796657259376733">notice</a> released by the JOLs, the first and final distribution for claims under $50,000 is scheduled to begin on February 18, 2025, with funds expected to be available from 10:00 AM Eastern Time.



This distribution will include 100% of the adjudicated claim value, capped at $50,000, as well as an additional amount representing post-petition interest of 9.0% per annum on the adjudicated claim value from the reference date of November 11, 2022, through the Initial Distribution Date. 



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43467651/meme-coin-index-doge-jones-launches-app-including-doge-shib-bonk">Meme Coin Index &#8216;Doge Jones&#8217; Launches App Including DOGE, SHIB, BONK</a>



A formal record of the distribution and associated calculations will be uploaded to the FTX Digital Claim Portal in the weeks following the distribution.



Eligible claimants are required to verify their BitGo account details through the FTX Digital Claim Portal. 



The funds will be credited to the BitGo Enterprise ID associated with their email address.



FTX, once one of the largest cryptocurrency exchanges, filed for bankruptcy in November 2022 following allegations of misuse of customer funds, <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35418322/sam-bankman-fried-to-testify-in-court-crypto-market-holds-its-breath">mismanagement, and financial irregularities. </a>



The fallout from the collapse left billions of dollars in customer funds unaccounted for, leading to <a href="https://www.benzinga.com/news/24/10/41141962/remember-sbfs-i-didnt-stash-billions-away-the-latest-ftx-repayment-update-may-have-other-ideas">extensive investigations and legal proceedings.</a>



Read Next: 



<ul>
<li><a style="font-weight: bold;" href="https://www.benzinga.com/markets/cryptocurrency/25/02/43463102/bitcoin-rally-stalls-around-99000-ethereum-xrp-struggle-as-china-imposes-retaliatory-tariffs">Bitcoin Rally Stalls Around $99,000, Ethereum, XRP Struggle As China Imposes Retaliatory Tariffs</a></li>
</ul>



Image: Shutterstock

FTX Repayments Begin February 18, Claims Under $50,000 Eligible

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining stocks are volatile Tuesday after multiple miners released operational updates for January. Here&#8217;s what <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43463102/bitcoin-rally-stalls-around-99000-ethereum-xrp-struggle-as-china-imposes-retaliatory-tariffs">you need to know</a>. 



What To Know: Riot Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) announced it mined 527 bitcoin in January, up 2% month-over-month from the 516 mined in December. 



Riot held a total of 18,221 bitcoin as of the end of January. Riot's average deployed hashrate was 33.5 EH/s last month, while its average operational hashrate climbed to 29.3 EH/s.



CleanSpark Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) mined 626 bitcoin in January, down from 668 bitcoin mined in December. The company held 10,556 total bitcoin as of Jan. 31.



CleanSpark&#8217;s average hashrate throughout January was 34.76 EH/s. The company ended the period with an operating hashrate of 40.1 EH/s.



MARA Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) mined 750 bitcoin in January, down about 13% from 865 Bitcoin mined in December. The company held a total of 45,659 bitcoin as of the end of the month. 



MARA Holdings had a total energized hashrate of 53.2 EH/s as of Jan. 31. 



Bitcoin mining stocks traded lower to start the week as broader crypto markets fell following U.S. President&nbsp;Donald Trump's&nbsp;move to place tariffs on Canada, Mexico and China. Bitcoin mining stocks were moving in different directions at last check Tuesday.



MARA, RIOT, CLSK Price Action: MARA Holdings shares were down 0.52% at $17.85, Riot shares were up 0.56% at $12.06 and CleanSpark shares were up 1.73% at $10.81 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43463102/bitcoin-rally-stalls-around-99000-ethereum-xrp-struggle-as-china-imposes-retaliatory-tariffs">Bitcoin Rally Stalls Around $99,000, Ethereum, XRP Struggle As China Imposes Retaliatory Tariffs</a></li>
</ul>



Photo: Shutterstock.

What's Going On With Bitcoin Mining Stocks Tuesday?

A project focused on the meme coin market called the Doge Jones Industrial Average (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">DJI</a>) has announced the beta launch of its new DJI App, a self-custody index <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43460243/market-skeptical-of-doge-hype-questions-elon-musks-execution-bernstein-says">platform designed for meme coins</a>.



The platform, which is now live, enables users to buy, hold,and manage an index of these digital assets directly.



The initial beta version of the DJI App includes eight meme coins selected based on criteria such as market capitalization (exceeding $500 million), tenure (at least one year old), and, in some cases, cultural significance within the meme coin space.



Eventually, the project intends to expand the index to incorporate thirty total coins.



The stated goal of the DJI App is to provide resources for new market entrants interested in exploring the meme coin market.



The project aims to address what it sees as a growing demand for informative resources to explore the rapidly expanding meme coin market with confidence.



The initial beta iteration of the platform includes the trending meme coins Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) and Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>).



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43442344/bitcoin-ethereum-xrp-dip-leaves-crypto-industry-unfazed-were-going-a-marathon-expert-says">Bitcoin, Ethereum, XRP Dip Leaves Crypto Industry Unfazed: &#8216;We&#8217;re Going A Marathon,&#8217; Expert Says</a>



According to DJI, over 20% of the total $DJI token supply has been staked. 



The high percentage of staking is claimed to indicate the community&#8217;s belief in the project&#8217;s long-term viability. 



The project has also formed a partnership with Wasabi, enabling leveraged trading activities for stakers. 



The project&#8217;s spokesman, Amith &#8216;Internet Dollar&#8217; Nirgunarthy, framed the project as a democratization of financial tools.



"The legacy financial system, the Dow Jones, only benefits the top 1%. This new offering is designed for the other 99%,&#8221; he said, touting the launch as a step towards financial freedom.



Read Next: 



<ul>
<li><a style="font-weight: bold;" href="https://www.benzinga.com/25/02/43440361/exclusive-dogecoin-etf-justified-more-meme-coins-etfs-possible-bitwise-cio-says">EXCLUSIVE: Dogecoin ETF Justified, More Meme Coins ETFs Possible, Bitwise CIO Says</a></li>
</ul>



Image: Shutterstock

Meme Coin Index 'Doge Jones' Launches App Including DOGE, SHIB, BONK

Ai16z (CRYPTO: AI16Z) and Zerebro (CRYPTO: ZEREBRO)—two prominent AI-related cryptocurrencies—cost a whale trader a substantial sum due to missed <a href="https://www.benzinga.com/money/how-to-become-a-day-trader">profit-taking opportunities</a>. 



What Happened: Lookonchain <a href="https://x.com/lookonchain/status/1886672031930036380">data</a> highlighted the whale holding an unrealized profit of $40.8 million on Jan. 2, but the trader chose not to sell. 



By Jan. 9, the trader sold ZEREBRO holdings, incurring a loss of $1 million, and on Feb. 3, offloaded 21.34 million AI16Z for $9.18 million, incurring another $1 million loss.



The past month has seen both AI16Z and ZEREBRO take heavy hits, with AI16Z down 78% and ZEREBRO losing 87%, eroding much of the gains they made earlier. 



While trading meme coins can be volatile and timing the market is tricky, booking profits along the way is generally a safer strategy.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43344376/cathie-wood-bitcoin-is-a-completely-different-animal-regulations-are-necessary">Cathie Wood: &#8216;Bitcoin Is A Completely Different Animal,&#8217; Regulations Are Necessary</a>



Why It Matters: Despite the recent downturn, the AI crypto sector has shown resilience. 



TylerD, a notable crypto trader, pointed out that even in the wake of Chinese tariffs, the AI sector saw a recovery on Feb. 3, with valuations rising 14% to $8 billion. 



While down from their local highs, many of the sector's leaders <a href="https://x.com/Tyler_Did_It/status/1886754298945495369">ended</a> in the green.



Furthermore, Ai16z's ElizaOS has gained significant attention, surpassing Solana Labs on GitHub in stars and contributors, with over 500 contributors now involved.



ElonMoney, another trader, <a href="https://x.com/0xelonmoney/status/1886737919555039677">cited</a> Nansen data showing that whales are heavily accumulating Ai16z, suggesting that something major may be coming up. 



He <a href="https://x.com/0xelonmoney/status/1886747521319305247">advised</a> patience, believing that the project is setting up for further bullish momentum.



Both Ai16z and ZEREBRO are now <a href="https://x.com/agentcookiefun/status/1886746660325163136">ranked</a> among the top five mindshare gainers in the AI crypto sector.



What's Next:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43303938/ai-in-cryptocurrency-trading-a-game-changer-or-just-another-bubble">AI in Cryptocurrency Trading: A Game Changer or Just Another Bubble?</a></li>
</ul>



Image: Shutterstock

This Trader Missed Out On $41 Million In Profit With...No, Not Dogecoin—AI Meme Coins

Ethereum's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) price has increased 7.85% over the past 24 hours to $2,820.05, which is in the opposite direction of its trend over the past week, where it has experienced a 12.0% loss, moving from $3,175.82 to its current price. As it stands right now, the coin's all-time high is $4,878.26. 
The chart below compares the price movement and volatility for Ethereum over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2025/1738681399_0.png" alt="price_chart" />

The trading volume for the coin has climbed 164.0% over the past week, moving opposite, directionally, with the overall circulating supply of the coin, which has decreased 0.04%. This brings the circulating supply to 120.52 million. According to our data, the current market cap ranking for ETH is #2 at $340.41 billion.
<img src="https://www.benzinga.com/files/images/story/2025/1738681399_1.png" alt="supply_and_vol" />

<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Ethereum Rises More Than 7% In 24 hours

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is trading around $99,200 on Tuesday, following China&#8217;s announcement of retaliatory tariffs on <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43454424/china-strikes-back-new-tariffs-up-to-15-on-certain-us-imports-in-retaliation-for-trumps-10-levy-on-chinese-goods">certain U.S. goods</a>.



What Happened: On Tuesday, China <a href="https://www.mof.gov.cn/zhengwuxinxi/caizhengxinwen/202502/t20250204_3955222.htm">announced </a>new tariffs on certain U.S. imports, marking a retaliatory response to recent U.S. trade measures. Beginning Feb. 10, China will impose:



<ul>
<li>A 15% tariff on coal and liquefied natural gas</li>



<li>A 10% tariff on crude oil, agricultural machinery and specific vehicle categories</li>
</ul>



Additionally, the Chinese Ministry of Commerce <a href="https://www.mofcom.gov.cn/zwgk/zcfb/art/2025/art_e623090907fc4e1092f0a4db72f57b95.html">revealed</a> new export restrictions on tungsten, tellurium, bismuth, molybdenum and indium, citing concerns over national security.



These critical materials play a key role in various industrial and technological applications.



China has strongly criticized the U.S. tariffs, stating: &#8220;The U.S.&#8217; unilateral imposition of tariffs severely violates the rules of the World Trade Organization.&#8221;



Why It Matters: Bitcoin's price fluctuations over the past two days reflect shifting investor sentiment tied to geopolitical events.



Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, observed that recent developments have influenced market behavior.



&#8220;A huge turnaround in sentiment yesterday on the back of delayed Mexican and Canadian tariffs saw Bitcoin trade from a low of $91,300 to a high of $102,500,&#8221; he said in a note sent to Benzinga.



Although Bitcoin briefly surged past $100,000 on Monday following U.S. President Donald Trump's temporary pause on new tariffs for Mexico and Canada, its momentum was interrupted as trade tensions with China escalated.



Kendrick noted that Bitcoin's price action remains in a consolidation phase, with traders waiting for clearer signals from the U.S. bond market and broader economic indicators.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43460243/market-skeptical-of-doge-hype-questions-elon-musks-execution-bernstein-says">Market Skeptical Of DOGE Hype, Questions Elon Musk&#8217;s Execution, Bernstein Says</a>



What Experts Are Saying: The overall cryptocurrency market has gained 3.3% in the last 24 hours, rebounding from recent losses. However, sustained demand remains uncertain.



Alex Kuptsikevich, Chief Market Analyst at FxPro, pointed out that while Monday's rebound was strong, market enthusiasm appears to be fading:



&#8220;The violent recovery from Monday's kick-off crash has been losing traction for the past few hours. It seems that while the market has not gone into all-out sell-off mode, a reason for sustained buying is hard to find as threats of surprise tariffs persist.&#8221;



Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) is currently trading near $2,700, having dropped below its 200-day moving average, a key technical indicator. XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) is trading around $2.60, down from its Monday close of $2.78.



Kuptsikevich also noted that Ethereum often signals broader market trends, and its weakness suggests continued investor caution.



Despite recent swings, analysts emphasize Bitcoin's resilience in the face of macroeconomic challenges. 



Avinash Shekhar, co-founder and CEO of Pi42, highlighted how investor sentiment is shifting:



&#8220;Volatility and resilience are two sides of the same coin in the crypto market. Macroeconomic factors and investor confidence play a key role in shaping the market. The recent rebound in the crypto market highlights its growing correlation with broader economic trends,&#8221; he said.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43442344/bitcoin-ethereum-xrp-dip-leaves-crypto-industry-unfazed-were-going-a-marathon-expert-says">Bitcoin, Ethereum, XRP Dip Leaves Crypto Industry Unfazed: &#8216;We&#8217;re Going A Marathon,&#8217; Expert Says</a></li>
</ul>



Image: Shutterstock

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