Crypto Market Pulse - February 10, 2025

LAST WEEK RECAP:

• U.S. non-farm payrolls increased 143K in Jan, less than 169K expected. The unemployment was 4%, lower than 4.1% expected
• Trump agrees to pause tariffs on Canada and Mexico for 30 days but not on China.
• Trump says he will announce reciprocal tariffs on many countries.
• Trump signed an executive order directing the creation of a sovereign wealth fund.
• The US congress has formed a joint working group to advance crypto legislation.
• The US SEC is reducing its crypto enforcement department.
• Berachain mainnet launched on Feb 6th.
• Pump.fun, denied rumors of an imminent token launch for its platform.
• Arweave's computing platform AO goes live on mainnet.

LEGACY MARKETS – DXY

DXY has been trading within a narrow range recently, reflecting market uncertainty as participants digest the potential economic and inflationary impacts of former President Donald Trump's newly announced tariffs.

BTC WEEKLY VIEW

After last week's significant fluctuations, BTC has returned to its previous price level and is currently trading within a stable, sideways adjustment range.

ETH WEEKLY VIEW

On the daily chart, ETH has been on a downward trajectory after fallen below the $2,700 support level. Given the current weak momentum, it is anticipated that ETH may attempt an upward move to retest the 10-day moving average before determining its next directional move. We should monitor whether the price can effectively break through key moving averages to assess future trends.

ETH/BTC

Over the past week, ETH/BTC has not experienced a strong rebound in the past week and continues to face challenges within its ongoing downtrend.

TOTAL3 USD MARKET STRENGTH

Following last week's sharp decline, the TOTAL3 has found some respite. Market participants are closely monitoring this level, anticipating a potential retest of the 10-day moving average to determine the next directional move.

TOTAL3 BTC MARKET STRENGTH

Like most majors, TOTAL3/BTC is also in a consolidation phase, waiting for the market to absorb this recent drop before deciding on its next direction.

SUMMARY

• BTC remains sensitive to macro uncertainties, with risk-off sentiment capping upside potential. The evaluation of a Strategic Bitcoin Reserve (SBR) could be a long-term bullish catalyst, but short-term price action remains dictated by broader risk sentiment.
• ETH is struggling to regain strength after Monday’s liquidations and continues to trade weakly. The lack of immediate regulatory clarity dampens sentiment, though long-term regulatory efforts could support stability.
• Altcoins are particularly vulnerable in this environment, with liquidity tightening and risk appetite diminishing. While some relief may come with clearer policies, the market remains in a defensive stance, awaiting stronger catalysts.
• The initial crypto rebound after last Monday’s liquidations has lost momentum, as policy clarity remains limited. Both equity and crypto markets remain vulnerable to tariff-related headlines, with investors staying defensive until clearer trade policies emerge.
  

DISCLAIMER:

The information in this report is for information purposes only and is not to be construed as investment or financial advice. All information contained herein is not a solicitation or recommendation to buy or sell digital assets or other financial products.

This post was prepared by Kairon Labs Trader Patrick Li and Travis Su.

Edited by: Marianne Dasal