Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Top 5 moments from Charlie Kirk’s memorial service...
Trump set to approve TikTok deal ensuring majority-American...
Harris is speaking. This time, she isn’t bending...
Hamas letter to Trump asks for 60-day ceasefire...
Trump must make UN funding conditional on real...
Democrats skip Charlie Kirk Arizona memorial after 58...
‘Due to overhelming support:’ Turning Point USA says...
Thune slams Democrats’ ‘cold-blooded partisan’ tactics as funding...
Macron stakes anti-Trump global role with Gaza initiative...
Trump assassination attempt suspect Ryan Routh questions first...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Crypto Market Recap: Trump’s Crypto Moves Stir ECB Concerns

by admin February 8, 2025
February 8, 2025
Crypto Market Recap: Trump’s Crypto Moves Stir ECB Concerns

Here is a quick recap of the crypto landscape for Friday (February 7) as of 9:00 a.m. UTC.

Bitcoin and Ethereum price update

Bitcoin is trading at US$98,841, recording a 0.18 percent increase from its previous close (February 6). The day’s trading range saw a high of US$98,875 and a low of US$95,761.

Meanwhile, Ether is priced at US$2,779.16, marking a 0.40 percent decline over 24 hours. The cryptocurrency reached an intraday high of US$2,792.84 and a low of US$2,669.54.

Altcoin price update

SOL is currently valued at US$200.93, 0.43 percent higher over 24 hours, after hitting a daily high of US$200.93 and a low of US$188.04.

XRP rose to US$2.47, marking a 2.07 percent increase. The cryptocurrency reached an intraday high of US$2.47 and a low of US$2.29.

SUI is trading at US$3.33, a 2.92 percent decline, after a daily high of US$3.43 and a low of US$3.09.

Meanwhile, ADA is down, priced at US$0.7438, reflecting a 0.59 percent decrease over 24 hours. Its highest price on Friday was US$0.7483 and its lowest was US$0.7011.

ETF inflows and outflows

Grayscale Bitcoin Trust (GBTC) is trading at US$30.25, reflecting a 1.45 percent increase over 24 hours.

iShares Bitcoin Trust (IBIT) is priced at US$25.10, down 0.38 percent from the previous trading session. The ETF is trading at a -2.8 percent discount to NAV and holds US$5.8 billion in AUM.

Fidelity Wise Origin Bitcoin Trust (FBTC) is currently at US$24.75, marking a 0.21 percent decrease over 24 hours.

ARK 21Shares Bitcoin ETF (ARKB) is trading at US$28.40, reflecting a 0.62 percent increase from its last close.

Bitwise Bitcoin Strategy Optimum Yield ETF (BITB) is valued at US$22.85, recording a 0.79 percent gain over 24 hours.

Crypto news to know

The European Central Bank is hoping that US President Donald Trump’s support for dollar-pegged cryptocurrencies will accelerate the legislative process for the digital euro.

ECB board members stated that Trump’s stance on stablecoins adds urgency to the EU’s plans, as American-backed payment tools could further entrench U.S. dominance in global finance.

Furthermore, the European Commission introduced digital euro legislation in June 2023, but progress has been slow due to skepticism from lawmakers and the banking sector.

Meanwhile, Trump Media and Technology Group (TMTG) is expanding into crypto finance, taking steps toward launching a bitcoin ETF. The company has applied for trademarks under the Truth.Fi brand, with filings for products such as the ‘Truth.Fi Bitcoin Plus ETF.’

If approved, this would position TMTG as a competitor to major asset managers like BlackRock and Fidelity in the growing market for crypto investment products.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Rio Tinto, Eurodia Team Up for Argentina Lithium Extraction
next post
Source Rock Royalties Confirms Monthly Dividend Record Date and Payment Date

You may also like

Dynasty Gold

September 9, 2024

Keith Weiner: Gold, Silver in Bull Markets —...

August 13, 2025

How Will the US Election Affect the Crypto...

September 12, 2024

TNC Delivers First Oxide Ore at Wallace North,...

September 16, 2024

SCRi Announces Seventh Consecutive Quarter of Revenue Growth...

March 26, 2025

WESTERN COPPER AND GOLD ANNOUNCES COMPLETION OF LEADERSHIP...

January 3, 2025

Forte Minerals Engages Stockworks Agency as Investor Relations...

September 7, 2024

Syntheia Announces Establishment of Advisory Board and Appointment...

December 5, 2024

Alvopetro Announces Annual Long-term Incentive Grants

November 16, 2024

Silver47 Exploration

November 12, 2024

Recent Posts

  • Top 5 moments from Charlie Kirk’s memorial service in Arizona
  • Trump set to approve TikTok deal ensuring majority-American investor control: White House
  • Harris is speaking. This time, she isn’t bending to Biden’s bullies
  • Hamas letter to Trump asks for 60-day ceasefire deal to release half of hostages, sources say
  • Trump must make UN funding conditional on real reforms, ex-diplomat urges

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (927)
    • Investing (3,032)
    • Politics (3,709)
    • Stock (4)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 Sightful Invest. All Rights Reserved.