![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Cryptocurrency News Articles
XRP, Cardano (ADA), Ethereum (ETH) Outperform Bitcoin (BTC) as Crypto Market Gradually Recovers From Weekend Dump
Feb 04, 2025 at 08:08 pm
Major altcoins, led by XRP, were outperforming Bitcoin early Tuesday as the cryptocurrency market gradually began recovering from the devastating weekend dump
Major altcoins, led by XRP, outperformed Bitcoin early Tuesday as the cryptocurrency market gradually recovered from the devastating weekend dump that resulted in over $2.2 billion being liquidated.
The bloodbath in the crypto industry was an extension of the broader financial market's reaction to U.S. President Donald Trump's tariff announcements on Canadian and Mexican goods.
With some relief over a 30-day tariff truce as agreed upon by Trump and Canadian Prime Minister Justin Trudeau, there is increasing hope that crypto will also recover in the long run.
**Altcoins Outperform Crypto King**
XRP, the native token of the XRP Ledger, led the early Tuesday gains, climbing 11.3% overnight, despite its 17% seven-day plunge. Meanwhile, Bitcoin increased 5.8% in the day.
Cardano (ADA) was also on the rise, gaining nearly 10% in the day on the back of a 21.5% downtrend in the last seven days.
Ethereum (ETH), the world's second-largest crypto asset, rallied 7.8% in the past day after it dropped as low as $2,400 during the weekend bloodbath.
Solana (SOL) was on a gradual climb, gaining 5.4% in the day, while BNB increased 3.3% as per CoinGecko data.
Dogecoin (DOGE), the largest meme coin by market cap, increased 8% in the last 24 hours.
Save for major stablecoins, the entire crypto market was on a significant downtrend over the weekend and even on Monday, the market struggled to reach the green line. However, hopes are high for a reversal in the coming days.
**Crypto Bulls Urge Holders to HODL On**
Amid increasing pessimism among newer crypto owners, bulls and long-time holders are uniting to hopefully inspire retailers to keep their eyes on the prize.
"Crypto will destroy you mentally before rewarding you financially. Hold on, we are so close," said Marcell, a well-known trader in the space.
For crypto YouTuber MMCrypto, the market's recent movements are just in preparation for a "textbook bump & run reversal."
Crypto investor Kame had a similar take, noting that a bullish candle was recently seen on Ethereum's chart, one that could "indicate a bullish reversal is coming."
**AI Tokens Display Impressive Resilience**
Some AI tokens, on the other hand, were displaying impressive resilience on CoinGecko's daily Top Gainers list, despite the broader crypto market's apparent struggles to hold the green line.
SNAI, the native token of the SwarmNode.ai platform that allowed users to run AI agents in the cloud without managing servers, was up nearly 40% in the day.
MOR, the native crypto asset of peer-to-peer general purpose AI network Morpheus, surged nearly 54% in the last 24 hours.
NEURAL of the NEURALAI generative AI to 3D model platform was rallying over 50% in the day.
It remains to be seen whether the rally among some rising AI tokens will have a positive effect on other crypto coins. For now, the crypto market is also dealing with news about China's retaliatory tariffs against the U.S.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Dogecoin Price Could Appreciate by More Than Seven-Fold if It Secures a More Substantial 24-Hour Volume
- Feb 19, 2025 at 01:30 am
- Despite this downturn, some analysts still see potential for a strong rebound. Most recently, market veteran Raoul Pal suggested that Dogecoin had the most powerful chart in all of crypto.
-
-
-
-
-
- Is XRP the Future of Global Finance? Explore the Potential and Pitfalls
- Feb 19, 2025 at 12:50 am
- A revolution is underway in the digital currency world—a coin once shadowed by giants is now poised to outmaneuver them. XRP, a token often overshadowed by larger players, is capturing attention anew with tangible reasons to invest even modest capital
-
-
- Arctic Pablo Coin (APC) – The Trailblazer with Big Presale Rewards
- Feb 19, 2025 at 12:00 am
- Arctic Pablo Coin (APC) is rapidly cementing its reputation as one of the top new meme coins to buy for 2025. Right now, at the bustling Blizzard Bay phase, APC is available at an unbelievable price of $0.000063 per token.
-
- Arctic Pablo Coin (APC) Emerges as the Best Crypto to Invest, Leading the Charge with Exciting Presale Rewards in the Form of a Meme Festival
- Feb 19, 2025 at 12:00 am
- Ever wonder if today's digital playground holds the secret to tomorrow's fortune? Picture a sun-drenched afternoon spent with mates, chatting about the freshest crypto gems that are shaking up the market.