February 10 is another uncertain Monday for crypto. There is a widescale fluxing reaction, and the market sentiment remains uncertain. BTC saw turbulence last week, but things look much better than last Monday. Currently, BTC is being traded for $97,000. Meanwhile, things looked rocky for ETH, XRP, and SOL. Moreover, memecoins also seemed to be slumping sharp. Amidst all the turbulence, LTC defied all odds and gained some traction of 5%. 

Such turbulent times resulted from Trump’s decision to levy tariffs on its trade partners: China, Canada, and Mexico. The trio retaliated against this with their retaliatory tariffs, and this destabilized trade in the world. There was palpable tension among all the parties, and clouds of a trade war loomed on the horizon. This saw sharp dips in share and crypto prices. Which led to a mass liquidation event that flushed $10 billion worth of crypto into the market. 

BTC took a major hit last week as clouds of a trade war covered the sky. The bullish market saw a sharp dissent, and prices fell from the $100k bracket to the $92k bracket. This led to a mass panic among investors. As of writing the piece, BTC is at $97,074, with a marginal slip of around 0.2%. Subsequently, the coin’s intraday high and low were $97,325.28 and $94,745.26 respectively. Moreover, BTC’s current market dominance is 60.87%, 0.28% higher than yesterday. 

The past 24 hours have not been kind to ETH, as it slips by 2%. Currently, ETH is being traded at $2,630. This has made people concerned but has not caused any panic as of yet. The coin’s peak and bottom intraday are $2,695.22 and $2,530.44, respectively. Experts claim that ETH will be fruitful in the longer term, but the fall in price shows the overall effects of the trade war on altcoins.

Ripple’s XRP saw a severe drop of 4% in the last 24 hours. The price of XRP is currently standing at $2.39. The peak and bottom intraday of the token are at $2.50 and $2.32. However, this slump might turn over soon as there have been some important developments, such as Trump’s new regime, which is looking to back XRP with its own DTF.

SOL prices also saw a significant dip of 2% in the last 24 hours and are trading at $202.70 with a peak and bottom intraday at $207.27 and $194.24, respectively. As a result, showing the effects of drastic economic decisions. Therefore, this shows a pan-industry downturn in the altcoin markets. Therefore, only time and patience can reveal what is next. Follow for more crypto news.