Today’s encryption price: Bitcoin jumps over 98 thousand dollars before the Fed Chair’s Power; Cardano, sui an increase of up to 13 %

Bitcoin (BTC) and the main encrypted currencies acquired on Tuesday, February 11, where investors watched and waited for American policy attacks Federal Reserve President Jerome Powell’s statements Definitions And inflation.

On Monday, former US President Donald Trump raised the customs tariff on steel and aluminum imports to 25 %, while the 10 % customs tariff for Chinese imports had already entered earlier in the month.

At the same time, the Federal Reserve Chairman is scheduled to talk on Tuesday about the semi -annual monetary policy certificate before the Senate Committee on banking services, housing and urban affairs. Its comments are likely to be monitored and inflation closely.

The markets are largely expecting that the Federal Reserve will retain steady rates at its meeting in March, with expectations to reduce at least 25 basis points that do not climb more than 50 % until June, according to the Fedwatch tool for CME.As of 10:46 am, Bitcoin rose by 1.1 % to $ 98,209, while ethereum Earn 2.4 % to $ 2,699. Global Coded The maximum market has increased by 2.05 % to about $ 3.23 trillion over the past 24 hours.

“Trading near 98,000 dollars, Bitcoin is building a momentum steadily to restore the brand of $ 100,000. While the upscale direction continues, the certificate presented by the Federal Reserve Chairman Jerome Powell can to the Financial Services Committee in the House of Representatives formation Market feelingAlankar Saxena, co -founder and CTO told Mudrex. “The main economic data, including the consumer price index numbers, will specify the market direction. He pointed out that Bitcoin should exceed the level of support of $ 96,600 to maintain its upward momentum. However, Trump’s tariff plans have created caution for the investor. While Short -term stimuli remain limited, but the increased organizational clarity and adoption can pay future gains. “

Also read: American encryption policies under Trump: a new era for global innovation

Most of the main queenz was also in green, as XRP 3.9 %, Solana 1 %, BNB 5 %, Dogecoin 5.4 %, Cardano 13.5 %, and Sui Rishing 10.7 %.

Stablecoin trading volume reached $ 89.29 billion, and constitutes 92.76 % of the total code volume 24 hours a day, according to Coinmarkcap.

The Bitcoin market ceiling increased to $ 1.946 trillion, with 60.27 % dominance. The trading volume increased 24 hours in BTC by 8.8 % to 35.96 billion dollars.

Technology view by Sathvik Vishwanath, co -founder and CEO, UNOCOIN

Bitcoin is currently testing the main support area about $ 95,000, and it sits near the moving average for 100 days. This level historically sparked up bullish counterattacks, and early signs indicate a potential recovery. However, BTC is still trapped in a 90,000 -dollar unification scope to $ 108,000, which requires the outbreak to determine a clear direction.

On the graph for 4 hours, a upscale continuity mark is formed, with a possible increase in the highest level ever at 108 thousand dollars if broken 100 thousand dollars. Data on the series shows large external flows of stock exchanges, and the accumulation of adult pregnant women indicates, which may lead to a rise with a lower width on platforms.

Also read: Budget 2025: There is no relief for encryption investors, new compliance requirements have been submitted

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