{"id":13290,"date":"2025-02-08T15:07:06","date_gmt":"2025-02-08T15:07:06","guid":{"rendered":"https:\/\/dailywashingtoninsider.com\/index.php\/2025\/02\/08\/crypto-market-recap-trumps-crypto-moves-stir-ecb-concerns\/"},"modified":"2025-02-08T15:07:06","modified_gmt":"2025-02-08T15:07:06","slug":"crypto-market-recap-trumps-crypto-moves-stir-ecb-concerns","status":"publish","type":"post","link":"https:\/\/dailywashingtoninsider.com\/index.php\/2025\/02\/08\/crypto-market-recap-trumps-crypto-moves-stir-ecb-concerns\/","title":{"rendered":"Crypto Market Recap: Trump\u2019s Crypto Moves Stir ECB Concerns"},"content":{"rendered":"<\/p>\n

Here is a quick recap of the crypto landscape for Friday (February 7) as of 9:00 a.m. UTC.<\/strong><\/p>\n<\/p>\n

\n

Bitcoin and Ethereum price update <\/h3>\n

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.<\/p>\n

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.<\/p>\n<\/div>\n

\n

Altcoin price update <\/h3>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n<\/div>\n

\n

ETF inflows and outflows <\/h3>\n

Grayscale Bitcoin Trust (GBTC) is trading at US$30.25, reflecting a 1.45 percent increase over 24 hours. <\/p>\n

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.<\/p>\n

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

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

Bitwise Bitcoin Strategy Optimum Yield ETF (BITB) is valued at US$22.85, recording a 0.79 percent gain over 24 hours.<\/p>\n<\/div>\n

\n

Crypto news to know <\/h3>\n

The European Central Bank is hoping that US President Donald Trump\u2019s support for dollar-pegged cryptocurrencies will accelerate the legislative process for the digital euro. <\/p>\n

ECB board members stated that Trump’s stance on stablecoins adds urgency to the EU\u2019s plans, as American-backed payment tools could further entrench U.S. dominance in global finance. <\/p>\n

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. <\/p>\n

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.’ <\/p>\n

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.<\/p>\n<\/div>\n

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n

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