Bullish Wave Incoming? How $BTC, $SPURS, and $POR Hit Over 2% Gains in the Past 24hrs
Bitcoin is back in motion after weeks of fear-driven selling that dragged the price close to $60,000. On February 25, $BTC jumped more than 3% in a single 4-hour candle, pushing above key short-term barriers and shaking off the recent bearish mood.
At the same time, Fan Tokens such as the Tottenham Hotspur FC ($SPURS) and Portugal National Team Fan Token ($POR) also posted gains of over 2% in the past 24 hours per Socios.com, adding to signs of renewed market strength.
Bitcoin Breaks Higher as Shorts Get Caught
The sharp move in $BTC appears to be driven by two main factors. President Trump’s State of the Union address pointed to cooling inflation and record low mortgage rates. This lifted confidence across the Nasdaq and S&P 500, spilling over into crypto markets.
At the same time, more than $323M in leveraged positions were liquidated within 24 hours. As traders who bet on lower prices rushed to close their positions, buying pressure increased and pushed Bitcoin even higher. This chain reaction helped the price break above $65,000 after being stuck below that level just hours earlier.
Fan Tokens Join the Upward Move
The Tottenham Hotspur FC Fan Token ($SPURS) is priced at $0.1877 with a 24-hour trading volume of $100,165. Although the token shows a sharp 2% rise in the last 24 hours and a 9.40% decline over the past 7 days, trading activity has increased by 11.90% compared to the previous day.
The weekly dip was as a result of Tottenham’s embarrassing defeat to Arsenal. However, the recent rise in volume suggests growing short-term interest.
The Portugal National Team Fan Token ($POR) is trading at $0.7873 with a 24-hour trading volume of $341,403. The token has gained 2.11% in the last 24 hours and 0.33% over the past 7 days. Volume is up 10.70% from the previous day, pointing to stronger participation.
With $BTC bouncing sharply and Fan Tokens recording fresh gains, traders are watching closely to see whether this marks the start of a broader recovery or just a short-term reaction.
Fan Tokens Market Reporter