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Crypto Price Today (04th Feb, 2025): Bitcoin Nears $100k Again | XCN Becomes Top Gainer

Published by
Shrishesh Tanksalkar

The crypto market today is witnessing a strong rebound, fueled by the recently signed executive order by U.S. President Donald Trump to form a Sovereign Wealth Fund. The initiative aims to secure long-term economic stability, which has sparked positivity among investors and traders. This sentiment is reflected in the industry’s market cap, which shot up 5.97% in the last 24 hours, now standing at $3.21 trillion. Talking about the Fear & Greed Index, the metric is now signaling a neutral score of 45. 

Bitcoin Price Nears $100k!

Bitcoin is leading the space with a 5.89% price spike to $99,222.15. Its market cap now stands at $1.96 trillion, fostering its dominance at 60.84%. Despite a 17.57% dip in 24-hour trading volume, which now sits at $246.3 billion, investors remain bullish as BTC inches closer to the psychological $100K mark.

Read our Bitcoin Price Prediction 2025, 2026-2030 to decode what’s next for BTC.

Altcoin Watch: Ethereum, Solana & XRP Gain Momentum

Ethereum has seen an impressive 9.08% jump in the past 24 hours, climbing to $2,708.49. Meanwhile, Solana and XRP have added 5.17% and 13.24%, respectively. The strong performance of major altcoins suggests renewed investor confidence in the broader market.

For a sneak peek into ETH’s future, check out our Ethereum Price Prediction 2025, 2026-2030.

Top Gainers and Losers Today

Biggest Winners:

  • Onyxcoin (+30%) – Leading today’s rally.
  • Bittensor (+30%) – Continues its strong uptrend.
  • FET (+27%) – Gains momentum amid AI-driven narratives.

Biggest Losers:

  • Token Xchange (-18.2%) – Faces a sharp decline.
  • GIGA (-9.6%) – Drops despite earlier gains.
  • TOSHI (-11.2%) – Slips into negative territory.

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FAQs

1. What is driving today’s crypto market surge?

The market rally is largely driven by optimism surrounding Donald Trump’s Sovereign Wealth Fund initiative, which aims to boost the U.S. economy long-term.

2. Is Bitcoin on track to hit $100K soon?

With BTC gaining 5.89% today and maintaining strong market dominance, many analysts believe $100K could be within reach in the near term.

3. Which coins are performing the best today?

The biggest gainers include Onyxcoin (+30%), Bittensor (+30%), and Fetch.ai (+27%), benefiting from bullish momentum.

Shrishesh Tanksalkar

Shrishesh is a versatile writer with 2+ years of experience in cryptocurrencies. An engineer turned storyteller, this selective introvert is a wannabe biker on weekends.

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