The crypto complex trades firmer after a sharp bout of volatility, with broad participation across majors and a noisy long tail of high-beta movers. Data on CoinGecko’s market dashboard puts total crypto market cap around $2.45T, up 6.0%over 24 hours, with roughly $228.6B in 24-hour volume. The same dashboard shows Bitcoin dominance near 56.7%and Ethereum dominance near 10.2%, signaling that the rebound still runs through BTC while large-cap alts catch up.

This type of tape usually reflects two forces at once: liquidity returning after forced deleveraging, and traders re-pricing majors as quote assets for the next rotation.

Bitcoin Pulse: Bounce Mechanics Matter

On the majors board, Bitcoin (BTC) trades around $69,372 with a +6.6% 24-hour move on CoinGecko. The move looks like a classic rebound pattern where liquidation pressure fades, bids step back in near obvious levels, and short-term positioning flips from defense to chase.

A Friday market recap notes that the drop earlier in the week coincided with heavy leverage being flushed out, including large long liquidations and a tighter risk backdrop tied to broader markets and financing conditions. The key mechanism is simple: when leverage clears, spot demand does not need to surge for price to snap higher because selling supply thins fast.

Top Altcoins by Market Cap: Where the Beta Shows Up

Excluding stablecoins, the top large-cap alt set follows BTC higher, with the strongest relative moves in the high-beta names:

Ethereum (ETH): $2,063, +8.4% (24h)
XRP: $1.46, +11.5% (24h)
BNB: $647.70, +3.6% (24h)
Solana (SOL): $87.25, +9.8% (24h)
TRON (TRX): $0.2758, +2.4% (24h)

The price ranking matters less than what the moves imply. ETH and SOL strength often signals a willingness to reprice “smart contract beta” when traders believe the worst of the forced selling is behind them. XRP’s outsized 24-hour swing fits a risk-on tape where large liquid pairs draw momentum capital quickly.

Top 24-Hour Movers: Gainers and Losers

The long tail remains extremely volatile. On the CoinGecko 24-hour gainers and losers board, the biggest moves cluster in mid and small caps, with the list filtered to names with 24-hour volume above $50,000.

Top gainers (24h):

Quai Network (QUAI): up 82.6%
Lagrange (LA): up 72.9%
Konnect (KCT): up 40.0%
Huobi BTC (HBTC): up 38.0%
AI Companions (AIC): up 37.4%

Top losers (24h):

我踏马来了: down 33.6%
Mind Network (FHE): down 20.2%
ETHGas (GWEI): down 18.2%
Ape and Pepe (APEPE): down 16.8%
Acurast (ACU): down 16.8%

Moves of this size usually reflect thin order books, isolated catalysts, and fast rotation of speculative liquidity. Even on “up days,” the distribution stays wide because traders harvest gains aggressively and recycle capital into the next narrative.

What Likely Drives the Tape Right Now

Three mechanisms explain most of the action without relying on single-coin stories.

First, deleveraging resets price discovery. After liquidation cascades, markets can rally on less spot demand because forced sellers are gone and marginal supply dries up. Second, risk sentiment bleeds across asset classes. When equities and rates wobble, crypto often trades like a high-beta proxy, then rebounds hard once sellers exhaust. Third, dominance and routing matter. With BTC dominance still elevated, flows tend to start in BTC, then spill into the most liquid alts as traders rotate into higher beta. Yet, question remains: Should You Buy Bitcoin Right Now, after 25% drop in 1 month?

What matters next is whether the rebound stabilizes into higher lows, or stays a fast mean reversion bounce that fades when liquidity thins.

What Traders Watch Next

If BTC holds its rebound zone while 24-hour volume remains elevated, the next leg often shows up as tighter spreads in majors and a steadier bid in ETH and SOL. If leverage rebuilds too quickly, the market can whipsaw again because thin liquidity turns small pushes into large swings.

For the rest of the board, the clean read is not the headline gainer list, but whether those gains persist after the first profit-taking wave. When they do not, it usually signals that the rally is still more about positioning than sustained spot demand.

The post Crypto Market Snapshot: Bitcoin Leads a Broad Risk-On Bounce appeared first on Crypto Adventure.

---

Filed under: Bitcoin - @ February 7, 2026 7:22 am