As of Feb 10, 2026, the global crypto market cap sits around $2.44T, down about 1.3% over the last 24 hours, with Bitcoin dominance near 56.8%. CoinGecko also shows stablecoins at roughly $311B, or about 12.8% of total market cap, which keeps a large share of market value parked in low-volatility collateral rather than rotating fully into risk.

The tape still looks like a recovery attempt after a sharp drawdown earlier in February. The setup is typical of a reset phase: BTC dominance stays high, large caps bounce in a narrower band, and smaller names show outsized gains and losses as liquidity thins and rotations become more abrupt.

BTC And The Top 5 Alts

The large-cap complex is mostly modestly positive, but the bigger signal is the strength of the 7-day and 30-day rebounds across several majors. This combination usually indicates short-term relief buying on top of a still-fragile positioning backdrop.

Asset
Price
24h
7d
30d

BTC
~$69,179
+1.9%
+12.1%
+23.7%

ETH
~$2,044
+1.4%
+12.8%
+34.0%

XRP
~$1.44
+0.2%
+11.2%
+31.3%

BNB
~$635
+0.2%
+17.8%
+30.4%

SOL
~$85.59
+1.0%
+18.2%
+37.1%

TRX
~$0.2776
+0.3%
+1.9%
+7.4%

Takeaway: BTC leads short-term strength while large-cap alts follow, which fits a dominance-heavy tape where liquidity prefers the deepest routes first.

From a mechanism point of view, BTC leading dominance is consistent with a market that remains sensitive to liquidity and leverage. When risk appetite is fragile, capital tends to consolidate in the most liquid collateral first, and only then bleeds into higher beta once funding conditions and flows stabilize.

Top 5 Gainers In The Last 24 Hours

Smaller-cap dispersion remains the most visible feature in the last 24 hours. Based on CoinGecko’s top gainers list, the largest 24h gainers (with the page’s volume filter applied) are:

Greyhunt (HUNT): +83.7%
Pepecoin (PEP): +49.6%
zkPass (ZKP): +36.1%
Rei (REI): +32.7%
Pocket Network (POKT): +32.4%

Moves of this magnitude usually occur when liquidity is thin and marginal demand hits a narrow order book. In those conditions, price can gap upward quickly, even if absolute volume remains modest compared with majors.

Top 5 Losers In The Last 24 Hours

The downside list is equally sharp, which reinforces the idea that the market is still sorting winners and losers rather than trending smoothly. CoinGecko’s top losers list shows:

The White Whale (WHITEWHALE): -40.9%
Alchemist AI (ALCH): -25.9%
Vultisig (VULT): -23.5%
Nietzschean Penguin (PENGUIN): -22.4%
Sologenic (SOLO): -16.7%

Large one-day drawdowns often follow the same mechanics as large pumps: liquidity gaps, stop cascades, and concentrated positioning. They can also reflect idiosyncratic token-level catalysts, but the common denominator is usually routing into thinner venues where slippage becomes a driver of the move.

What Likely Drove The Tape

The broader backdrop still reads as a risk reset that began with a rapid selloff, followed by selective dip-buying and stabilization attempts. A Reuters market note from Feb 5 highlighted a sharp BTC drop and described forced liquidations and investor risk-off behavior during the slide, alongside broader market volatility and institutional flow sensitivity in crypto-linked products, which is consistent with the current dominance-heavy structure in Reuters coverage.

Investopedia’s Feb 5 write-up similarly framed the move as a shift away from risk assets and pointed to reduced ETF buyer support, which matches how markets often behave when leverage is being reduced and liquidity seeks the deepest pools first, as summarized in Investopedia’s report.

In practical terms, the market looks split into two layers right now. The first layer is majors, where liquidity is deep enough that price responds more to macro flows, funding conditions, and systematic risk reduction. The second layer is smaller caps, where short-term price formation is dominated by order book depth, concentrated holders, and rapid rotation strategies.

What The Snapshot Implies Near Term

With BTC dominance elevated and stablecoins holding a double-digit share of total market cap, the market still shows a preference for liquidity and optionality rather than aggressive risk expansion. If that stabilizes, the usual next phase is a broader rotation where majors compress spreads and beta expands into large-cap alts first. If volatility rises again, dominance typically rises with it as capital retreats to BTC and the deepest venues.

The post Crypto Market Snapshot – BTC Dominance Elevated appeared first on Crypto Adventure.

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Filed under: Bitcoin - @ February 10, 2026 7:22 am