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Crypto Market Recap: Trump’s Crypto Moves Stir ECB Concerns
After Trump’s tariff threats triggered a crypto selloff on Monday, coins showed more stability and upward movement by midweek.

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.
Don't forget to follow us @INN_Technology for real-time news updates!
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.
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Meagen moved to Vancouver in 2019 after splitting her time between Australia and Southeast Asia for three years. She worked simultaneously as a freelancer and childcare provider before landing her role as an Investment Market Content Specialist at the Investing News Network.
Meagen has studied marketing, developmental and cognitive psychology and anthropology, and honed her craft of writing at Langara College. She is currently pursuing a degree in psychology and linguistics. Meagen loves writing about the life science, cannabis, tech and psychedelics markets. In her free time, she enjoys gardening, cooking, traveling, doing anything outdoors and reading.
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Giann Liguid is a graduate of Ateneo De Manila University with an AB in Interdisciplinary Studies. With a diverse writing background, Giann has written content for the security, food and business industries. He also has expertise in both the public and private sectors, having worked in the government specializing in local government units and administrative dynamics. When he is not chasing the next market headline, Giann can most likely be found thrift shopping for his dogs.
Learn about our editorial policies.
Meagen moved to Vancouver in 2019 after splitting her time between Australia and Southeast Asia for three years. She worked simultaneously as a freelancer and childcare provider before landing her role as an Investment Market Content Specialist at the Investing News Network.
Meagen has studied marketing, developmental and cognitive psychology and anthropology, and honed her craft of writing at Langara College. She is currently pursuing a degree in psychology and linguistics. Meagen loves writing about the life science, cannabis, tech and psychedelics markets. In her free time, she enjoys gardening, cooking, traveling, doing anything outdoors and reading.
Learn about our editorial policies.