Bitcoin minders suffer under Trump's tariffs

The crypto market continues its recovery, with total market capitalization rising to $3.24 trillion - up 1.4% from the previous day. About $480 billion in value is now missing to match the historic record.

Bitcoin and Ethereum continue to rise

At the time of writing, Bitcoin is trading at $98,420, representing a 1.5% increase from yesterday. Compared to a week ago, Bitcoin's value is up 1.7%.

Ethereum is also benefiting from the positive trend in recent days. The second-largest cryptocurrency has risen 1.1% in 24 hours and is now trading at $2,760.

Impact of U.S. spot ETFs

Despite the gains, Bitcoin and Ethereum are not currently receiving support from U.S. spot ETFs. Bitcoin ETFs recorded net outflows of $490 million this trading week, while Ethereum funds saw only $10.5 million in new inflows.

In addition, the market continues to suffer from economic uncertainty. The Federal Reserve warned of continued risks in the minutes of its last policy meeting (late January). This is causing investors to remain cautious.

Investor sentiment remains subdued

Although cryptocurrency prices are up slightly, investor sentiment remains wait-and-see. The Fear & Greed Index stands at 55, which is just above neutral territory. This indicates mixed feelings within the market: there is some optimism, but no euphoria.

KAITO explodes with 39% gain

Despite the lack of a strong market rally, one newcomer does manage to impress. KAITO, a new crypto project, rose 39% since its launch yesterday and is now trading at $1.62. The project focuses on fighting AI-generated spam on social media and rewards users for sharing valuable content.