Crypto Markets Tumble Amidst Global Uncertainty

Cryptocurrencies experienced a volatile weekend, with Bitcoin (BTC), Ethereum (ETH), and other altcoins facing varying degrees of turbulence. As markets reopened on Monday, February 10, uncertainty persisted, and market sentiment remained cautious.

Bitcoin, which had seen significant price fluctuations last week, appeared to stabilize over the weekend. As of Monday, BTC was trading at around $97,000, a marginal improvement from the previous week's lows. Despite a slight dip of approximately 0.2% from its intraday high of $97,325.28, BTC's market dominance remained strong at 60.87%, up from 60.59% the previous day.

Ethereum, however, faced a more challenging weekend, with prices slipping by around 2% to $2,630. This decline, while concerning, has not yet sparked widespread panic among investors. ETH's intraday high and low were $2,695.22 and $2,530.44, respectively. Although some experts remain optimistic about ETH's long-term prospects, the recent price drop reflects the broader impact of global economic uncertainties on altcoins.

Other altcoins also faced challenging conditions over the weekend. Ripple's XRP saw a significant drop of 4% to $2.39, with intraday highs and lows of $2.50 and $2.32, respectively. Similarly, Solana (SOL) prices dipped by 2% to $202.70, with intraday highs and lows of $207.27 and $194.24, respectively. These developments highlight the industry-wide downturn in altcoin markets, which may continue to be influenced by global economic decisions.

The volatile weekend for cryptocurrencies can be attributed to several factors, including geopolitical tensions and global economic uncertainties. President Trump's decision to impose tariffs on trade partners, such as China, Canada, and Mexico, led to retaliatory measures and increased trade tensions. This, in turn, resulted in a mass liquidation event that saw $10 billion worth of crypto assets flood the market.

As the crypto market navigates these uncertain times, investors and traders alike must remain vigilant and patient