The post Crypto Price Analysis 2-6: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGWIFHAT: WIF, BITTENSOR: TAO, INTERNET COMPUTER: ICP, THETA NETWORK: THETA appeared on BitcoinEthereumNews.com.

The crypto market is marginally down, with price action remaining mixed. Bitcoin (BTC) has slipped below $98,000 over the past 24 hours. The flagship cryptocurrency is trading at around $98,700 as it struggles to reclaim $100,000. BTC has remained sluggish since recovering from Monday’s collapse as markets await a catalyst to resume its bull run. On the other hand, Ethereum (ETH) is up over 2% and trading above $2,800, while Ripple (XRP) is down nearly 4%, trading below $2.50. Solana (SOL) has remained above $200 despite being down almost 2% over the past 24 hours. Dogecoin (DOGE) is down nearly 1%, while Cardano (ADA), Tron (TRX), and Toncoin (TON) have registered notable gains. The crypto market cap is down by 0.44% at $3.22 trillion.  The Crypto Market Has Lost All Logic  Crypto traders fear the market has lost all sense of logic and is confusing every investor. The market is not following traditional patterns, throwing off even experienced traders. Despite pro-crypto moves by the US government, the market keeps retracing. One analyst stated on X,  “The market is totally cooked. It has lost any sort of rhyme or reason. This is very confusing for almost every investor.” Another analyst believes that something is wrong with the market’s pricing of Bitcoin, adding the cryptocurrency is undervalued by $50,000-$100,000.  “Something is terribly wrong with the market’s pricing of Bitcoin. We are easily $50K-$100K undervalued. There is far too much to be bullish about. There is going to be a violent repricing.” The Crypto Fear & Greed Index has also dropped to neutral as markets remain muted. Analysts were confident BTC dominance and prices would peak in early 2025 following Donald Trump’s election victory. While BTC surged past $100,000 and reached a new all-time high, it has seen volatility and sluggishness in recent…

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Filed under: News - @ February 8, 2025 6:13 am