The prices of cryptocurrency on this day appeared subdued which, once again, reflected the global investor skepticism. Bitcoin (BTC) remained at $97K due to his battle with market volatility, while Ethereum (ETH) was able to stay positive.
Conversely, XRP and Solana had hard times, spending most of the trading session under the water with deep losses rocurders.
On the other hand, FTX Token (FTT) was the best gainer and the most valuable on the dump which was fully the opposite on the market.
This movement has registered simultaneously with the deadline set for FTX exchange creditors reimbursement plan battle which in the bahamas cancels on February 18.
Bitcoin, XRP, and Solana Fail to Make Gains While ETH Maintains Price Advantage.
It can be seen that, alongside a decrease of 0.71%, the global market cap for cryptocurrencies now stands at 3.19 trillion. The total market volume dropped to USD 122.2 billion, a lamentable figure accompanied by a decline of 36.88%, indicating current market skepticism.
Bitcoin Now Priced at $97K
Over the past 24 hours, BTC has fallen by 1% and is currently stabled at USD 97,409. Bitcoin’s market dip range over the day was between 96,174.83 and 99,113.21. Though there has been a long-term growth expectation dip with MicroStrategy’s rebranding and Bitcoin focused plans, the recovery sign remains due to institutional investment.
Ethereum’s Price Jumps by 3%
ETH price has managed to increase by a staggering 3% while the rest of the market saw a dip, placing ETH at USD 2,808 tradings. Following the initial market scare, ETH futures have undergone liquidations amounting to USD 39.76 million.
On the flip side, open interest ETH futures rose sharply by 4%, standing at USD 24.44 billion, completely offsetting fear in the opening segment of trading.
XRP Plummets by 3%
XRP has experienced losses of approximately 3%, trading at 2.42, and has been fluctuating between the bounds of 2.36 and 2.57. An 1.5% decline in XRP’s open futures interest saw cooling sentiments.
Solana Falls by 3%
SOL followed suit of the downtrend in the market loss witnessing 3% losses and pricing that as of now standing at USD 200. The coin follows with the market dip having the range of 195.39 and 207.59, reflecting the volatility in the market.
Meme Coins Struggle
The price of Dogecoin (DOGE) has dropped close to 2% and is currently selling at $0.26. Shiba Inu (SHIB) also fell by 0.5%, trading at $0.00001586. In contrast to the market trend, the TRUMP coin grew by 5% to stand at $18.57.
