BTC Slips To $98K, Altcoins Volatile, MELANIA Up 18%
The post BTC Slips To $98K, Altcoins Volatile, MELANIA Up 18% appeared on BitcoinEthereumNews.com.
The crypto market on Wednesday again illustrated a volatile movement after showing signs of recovery recently. Bitcoin (BTC) price slipped back to the $98K level over the past day, whereas altcoins like Ethereum (ETH), Solana (SOL), and XRP have mainly mimicked a waning movement. However, MELANIA meme coin defied the broader market trend, trading dominantly in the green zone. Here’s a closer look at some of the most trending coins for the day and how they are delivering. Crypto Market Volatility Sparks Investor Concerns Despite Trump’s new tariffs being paused and the broader market showing signs of recovery yesterday, a highly volatile movement kicked in on February 5. Cryptocurrency prices mainly dropped, with the global market cap further shrinking by 2.84% to $3.22 trillion. Also, the total market volume declined 24.46% from yesterday, reaching $193.74 billion. Bitcoin Price Fluxes Near The $98K Level Amid Crypto Market Volatility At the time of reporting, BTC price lost nearly 3% in value and exchanged hands at $98,054. The flagship coin’s 24-hour low and high were $96,208.11 and $100,826.91, respectively. Notably, the current waning action aligns with BTC recording $123.44 million worth of liquidations intraday, per Coinglass data. Also, BTC futures OI was down 2.86% to $58.68 billion in the past 24 hours. However, Bitcoin’s market dominance was up 0.07% to 60.40%. Ethereum Price Cracks Over 3% ETH price mimicked a waning action in tandem with the broader crypto market trend, down slightly over 3% to $2,721. The coin’s intraday bottom and peak were $2,636.17 and $2,869.51, respectively. It’s worth mentioning that Ethereum recorded $146.76 million worth of liquidations in the past 24 hours, signing with the price dip. Also, ETH futures OI was down roughly 1% to $23.81 billion. XRP Price Drops 8% Further, the Ripple Labs-backed cryptocurrency witnessed an alarming 7% fall…
Filed under: News - @ February 5, 2025 8:22 am