Tuesday, 4 February 2025

Crypto Market Today


 

 

BTC and Altcoins slip after showing signs of recovery recently.

Meme coin sector takes heat in tandem with the broader market trend.

However, Melania meme coin defied the broader trend and emerged as the day's top gainer.

The crypto market on Wednesday again illustrated a volatile movement after showing signs of recovery recently. Bitcoin (BTC) price slipped back to the $9K level over the past day, whereas altcoins like Ethereum (ETH), Solana (SOL), and XRP have mainly mimicked a waning movement. However, MELANIA meme coin defied the broader market trend, trading dominantly in the green zone.

Crypto Market Unstable Sparks ;

Despite Trump’s new tariffs being paused and the broader market showing signs of recovery yesterday, a highly volatile movement kicked in on TODAY. Cryptocurrency prices mainly dropped, with the global market cap further shrinking by 2.84% to $3.22 trillion. Also, the total market volume declined 24.46% .

Bitcoin Price Fluxes Near The $97K Level;

At the time of reporting, BTC price lost nearly 3% in value and exchanged hands at $97,054. The flagship coin’s yesterday low and high were $96,208.11 and $100,826.91, respectively. Notably, the current waning action aligns with BTC recording $123.44 million worth of liquidations intraday.

Ethereum Price Fissure Over 2%

ETH price mimicked a waning action in tandem with the broader crypto market trend, down slightly over 3% to $2,721. The coin’s intraday bottom and peak were $2,636.17 and $2,869.51.

XRP Price tumble 5%

Further, the Ripple Labs-backed cryptocurrency witnessed an alarming 7% fall over the past day, reaching $2.51. The coin’s DAY Before DAY low and high were $2.44 and $2.73.


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