The global crypto market cap sits near $2.61T, down about 1.4% over the last day, while 24-hour volume is roughly $186.9B on CoinMarketCap’s market overview. Bitcoin dominance is around 59.4% on the same dashboard, which lines up with the idea that BTC still dictates broad beta during drawdowns.

Risk appetite looks constrained. CoinMarketCap’s Fear and Greed Index reads 15 out of 100 on its Top Coins page, which is consistent with de-risking behavior and defensive positioning.

Bitcoin

Bitcoin trades around $77,545 with a 24-hour change near -1.0% and a 7-day move near -11.7%.

What Is Driving BTC Price Action

The underlying driver is a risk-off macro repricing. A shift toward tighter policy expectations and a stronger dollar has coincided with broad selling in risk assets, with the narrative tied to the U.S. Fed leadership path discussed in this Barron’s market wrap.

Another driver is forced deleveraging. Weekend liquidity is thinner, and liquidation cascades can become self-reinforcing when price breaks obvious levels. A liquidation estimate around $2B was cited in this Economic Times recap.

Levels And Structure To Watch

BTC has been trading like the risk proxy, not like an uncorrelated hedge. When equities and FX volatility rises, BTC tends to follow. The most actionable near-term signals are whether spot bids reappear on dips, and whether perp funding normalizes after liquidation bursts.

Ethereum (ETH)

ETH trades near $2,280 with a 24-hour move near -4.3% and a 7-day move near -21.3%. ETH underperformance versus BTC typically reflects both higher beta and higher leverage usage during risk-off.

BNB (BNB)

BNB trades near $760 with a 24-hour move near -1.3% and a 7-day move near -12.8%. BNB tends to behave as a venue-adjacent risk asset, so it often holds up better than high-beta alts when the market is stressed.

XRP (XRP)

XRP trades near $1.61 with a 24-hour move near -1.4% and a 7-day move near -14.7%. XRP volatility often clusters around liquidity conditions and rotation flows, so it can move quickly when the market shifts from risk-on to risk-off.

Solana (SOL)

SOL trades near $102.84 with a 24-hour move near -1.0% and a 7-day move near -16.0%. SOL tends to be sensitive to both narrative rotation and derivatives positioning, so quick squeezes and sharp selloffs are common in choppy conditions.

TRON (TRX)

TRX trades near $0.2836 with a 24-hour move near -0.7% and a 7-day move near -3.9%. TRX has been relatively resilient on the week compared with other large caps, which is often the signature of defensive rotation within alts.

Top 5 Gainers And Losers (24h)

These movers are volatile and often mid or small caps, so percentage swings can be large without implying broad market leadership. The list below comes from the live 24-hour movers table on CoinGecko’s gainers and losers page.

Top 5 Gainers (24h)

UnifAI Network (UAI): up about 22.0%
TronBank (TBK): up about 20.8%
Stable (STABLE): up about 19.9%
SynFutures (F): up about 16.7%
River (RIVER): up about 16.6%

Top 5 Losers (24h)

我踏马来了: down about 28.5%
ZKsync (ZK): down about 26.3%
Zora (ZORA): down about 22.2%
Moltbook (MOLT): down about 21.9%
tokenbot (CLANKER): down about 19.1%

Why The Market Is Selling Off

Macro Repricing And USD Strength

The most consistent driver is changing expectations around rates and policy stance, which tends to lift the dollar and pressure risk assets. That relationship shows up clearly in broad market coverage tied to Fed leadership uncertainty in this MarketWatch weekend note.

Forced Deleveraging And Liquidation Loops

When the market is levered, price drops can trigger liquidations that push price lower, which triggers more liquidations. The cascade effect becomes more likely during low-liquidity windows and after sharp cross-asset volatility, which is consistent with the broader deleveraging described in this Guardian market live blog.

Alt Beta Compression

In drawdowns, traders often reduce alt exposure first because alts have thinner books, higher volatility, and more leverage-driven price discovery. That typically pushes BTC dominance higher, which matches the dominance reading on CoinMarketCap’s main dashboard.

What To Watch Next

Liquidity usually determines whether a dip becomes a trend. If funding normalizes and spot demand appears, the market can stabilize quickly. If spreads widen, liquidity thins, and liquidations stay elevated, the market often overshoots to the downside before it finds balance.

The cleanest real-time tells are simple: watch whether BTC holds bids while ETH and SOL stop underperforming, and track whether broad market volume remains heavy on red candles on CoinMarketCap’s market overview.

Conclusion

This snapshot shows a classic risk-off tape: BTC holds up better than high-beta alts, ETH leads the downside, and liquidations amplify moves. Stabilization usually requires funding and liquidity to normalize before narrative shifts matter again.

The post Crypto Market Snapshot: BTC, Top Alts, 24h Movers, And What Drove The Slide appeared first on Crypto Adventure.

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Filed under: Bitcoin - @ February 2, 2026 11:27 am