Litecoin rallies and Bitcoin steadies as tariff issues rumble on

February 10, 2025
James Bowater

LITECOIN is one of the few bright spots in an otherwise sluggish crypto market, posting gains overnight while most cryptocurrencies either drift sideways or dip into the red.

Bitcoin remains locked in place, trading around $97,300. Meanwhile, Near (NEAR) and Stellar (XLM) have faced fresh sell-offs.

Investor sentiment continues to lean bearish, with the Fear and Greed Index still reflecting caution. Analysts point to mounting macro-economic uncertainty on the back of the Trump administration's latest tariff proposals, a 25% levy on aluminium and steel imports.

Markets are weighing the potential fallout, as concerns over inflation and trade tensions ripple through equities and crypto markets.

On the regulatory front, the Securities and Exchange Commission (SEC) is reviewing Grayscale’s amended application for a spot Solana ETF. If approved, the product could pave the way for greater institutional exposure to Solana, much like the recent wave of spot Bitcoin ETFs that drove record inflows.

For now, however, markets remain in wait-and-see mode.

In the markets 

🌦️The Data 

🌍 Total crypto market cap

The global cryptocurrency market capitalization is approximately $3.17 trillion, reflecting a 0.38% decrease over the last 24 hours.

🟠 Bitcoin (BTC)

  • Price: Currently trading at $97,305, up 0.18% in the last 24 hours.
  • Daily high: $97,652
  • Daily low: $94,747
  • Market cap: Approximately $1.93 trillion
  • 24-hour trading volume: $35.86 billion

💎 Ethereum (ETH)

  • Price: Currently trading at $2,636.28, down 1.11% in the last 24 hours.
  • Daily high: $2,672.33
  • Daily low: $2,541.34
  • Market cap: Approximately $318.03 billion
  • 24-hour trading volume: $20.78 billion

📈 S&P 500

The S&P 500 index is at 6,061.48, up 0.66% from the previous close.

😐 Fear & Greed Index

The Crypto Fear & Greed Index is currently at 35, indicating Fear among investors.

📊 Bitcoin Relative Strength Index (RSI) (14)

The 14-day RSI for Bitcoin is at 46, suggesting that the asset is neither overbought nor oversold at this time.

‍Post Script…

Cautionary Notes

‍It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.