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#Crypto Market Update: February 2025 #BTC #ETH
The cryptocurrency market has witnessed a great deal of action recently. According to reports, Bitcoin experienced a substantial downward revision after the Trump administration announced its plans for fresh tariffs, dropping from its peak of $98,000 to around $91,0002. However, unabated by this, it sprang back up to around $99,000, showcasing resilience and positive outlook among investors.
Bitcoin Recovery: Bitcoin has managed to recover back to $99,000 after the initial sell-off.
Meme Coins: It is Meme coins like Dogizen and Official Trump (TRUMP) that are now capturing the limelight. Notably, Dogizen raised nearly $4 million in its presale, benefiting from the larger market recovery2.
Market Sentiment: Sentiment indices jumped to 72 after a steep fall due to a return to some normalcy.
Ethereum: Ethereum is trading near $2,700, after falling below its 200-day moving average.
Liquidations: The recent drop caused the largest liquidation event in crypto history, with estimates ranging from anywhere between $2.27 billion and $8.00 billion.
In spite of recent extremes and volatility, the stock market still is owning up to recovery with investors showing serious commitment toward the future.