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Bitcoin had slipped 1.5% to $97,808, while Ethereum surged 1.3% to $2,747. Meanwhile, The global cryptocurrency market cap fell by 0.44% to approximately $3.22 trillion in the past 24 hours.
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1Bitcoin had slipped 1.5% to $97,808, while Ethereum surged 1.3% to $2,747. Meanwhile, The global cryptocurrency market cap fell by 0.44% to approximately $3.22 trillion in the past 24 hours.
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"Despite this volatility, Bitcoin dominance has surged to its highest level in four years, indicating strong investor interest in the cryptocurrency as a hedge against inflation and economic uncertainty. Investors are optimistic that while immediate volatility is likely due to tariff concerns, February historically presents a favorable month for Bitcoin," Thakral said.
![Meme coins are a highly volatile corner of the crypto industry that often start as a joke with no real value but can surge in price if enough people are willing to buy them [File]](https://www.thehindu.com/theme/images/th-online/1x1_spacer.png)
Meme coins are a highly volatile corner of the crypto industry that often start as a joke with no real value but can surge in price if enough people are willing to buy them.
Cryptocurrency prices took a hit from the prospect of a trade war between the U.S. and its major trading partners, with some well-known digital assets and President Donald Trump's own meme coin taking big hits.
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