Bitcoin (BTC), the world’s oldest and most valued crypto, failed to rise above $98,000 early Friday as the market sees a mellow week in some time. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw minor dips across the board as overall Market Fear & Greed Index stood at 35 (Fear) out of 100, as per CoinMarketCap data. The Berachain (BERA) became the biggest gainer of the lot, with a 24-hour jump of over 660 percent. Ethena (ENA) remained the biggest loser or the second consecutive day, with a 24-hour loss of nearly 12 percent.
The global crypto market cap stood at $3.17 trillion at the time of writing, registering a 24-hour dip of 1.57 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $97,317.23, registering a 24-hour dip of 0.54 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 81.30 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,713.87 marking a 24-hour loss of 4.22 percent at the time of writing. Ethereum price in India stood at Rs 2.16 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 4.39 percent, as per CoinMarketCap data, currently priced at $0.2509. Dogecoin price in India stood at Rs 19.80.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour dip of 1.60 percent. At the time of writing, it was trading at $104.26. LTC price in India stood at Rs 8,052.41.
Ripple (XRP) Price Today
XRP price stood at $2.35, seeing a 24-hour loss of 3.50 percent. Ripple price in India stood at Rs 189.69.
Solana (SOL) Price Today
Solana price stood at $192.81, marking a 24-hour dip of 4.57 percent. SOL price in India stood at Rs 16,691.51.
Top Crypto Gainers Today (February 7)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Berachain (BERA)
Price: $7.61
24-hour gain: 661.27 percent
Tron (TRX)
Price: $0.2311
24-hour gain: 2.06 percent
Bitget Token (BGB)
Price: $6.77
24-hour gain: 1.57 percent
Flare (FLR)
Price: $0.02028
24-hour gain: 0.90 percent
Tether Gold (XAUt)
Price: $2,883.75
24-hour gain: 0.53 percent
Top Crypto Losers Today (February 7)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Ethena (ENA)
Price: $0.4858
24-hour loss: 11.76 percent
Onyxcoin (XCN)
Price: $0.02709
24-hour loss: 11.50 percent
dogwifhat (WIF)
Price: $0.7213
24-hour loss: 10.24 percent
Pepe (PEPE)
Price: $0.000009279
24-hour loss: 10.22 percent
Jito (JTO)
Price: $2.54
24-hour loss: 9.05 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Alankar Saxena, co-founder and CTO, Mudrex told ABP Live, “Bitcoin has been range-bound between $97,000 and $98,000 over the past 24 hours, rebounding from a local low of $96,000 amid escalating U.S.-China trade tensions. While BTC lacks the strength for a decisive move, technical indicators like the momentum oscillator suggest further upside if buying pressure strengthens. A breakout above the $98,500-$100,000 range could trigger bullish momentum, paving the way for a potential move toward $105,000 in the near term.”
CoinSwitch Markets Desk noted, “After testing the lower 90K levels this week, BTC has been consolidating as it seeks its next move, which could determine whether it enters a sustained bull or bear market in the coming days. This comes as Donald Trump Jr., the son of the former U.S. President, stated at a summit yesterday that crypto is the future of American dominance. Meanwhile, altcoins continue to struggle, with Bitcoin dominance remaining above the 60% mark and the ETH/BTC pair struggling to break above the 0.029 region.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin is showing bullish momentum at $97,000 and bouncing from the 100-day moving average, a level that has flashed major rallies before. The current pattern align with the historical cycles reveal a possibility of consolidation before a possible breakout to new all-time highs. A structured price formation further justifies the repeating trend, which supports the continuing uptrend. On the other hand, pressure seems much more widespread, with Ethereum now approaching recovery. Liquidity conditions are improving. If buying pressure increases, key market indicators suggest the potential for an upward move.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC) dropped below $95,600, testing a demand zone between $94,300 and $95,800. Analysts see a potential rise to $120K if it follows historical patterns, with February averaging 14.08% returns. Market researcher Danny Marques views $91K as a local bottom, predicting a swift surge past $120K. However, Alphractal warns of leverage risks, suggesting a possible retest of $80K due to liquidity gaps. Open interest has fallen from $76B to $59B, indicating reduced risk appetite. Meanwhile, a short cluster above $111K could drive further volatility in Bitcoin’s price trajectory over the coming months.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin is showing resilience with a slight recovery following Eric Trump’s encouragement for World Liberty Financial to invest. This endorsement has reignited interest in the crypto market, particularly as it signals growing acceptance among political figures traditionally tied to conventional finance. The market’s reaction to this endorsement will be important in shaping Bitcoin’s short-term performance. Investors are anticipating whether this event translates into concrete actions. This move aligns with Donald Trump’s pro-Bitcoin stance and the Trump family’s increasing involvement in the crypto space. This could foster greater dialogue between the crypto sector and political institutions.”
CoinDCX Research Team noted, “Bitcoin continues to face significant bearish pressure, but the bulls firmly hold above the crucial support, hinting toward the token undergoing an accumulation phase. Meanwhile, most of the altcoins are constantly forming lower highs and lows, hinting towards the rising dominance of the bears. Although the markets display a consistent trend, the probability of a breakdown continues to hover over the crypto markets. On the other hand, Bitcoin dominance surged above 60%, indicating a notable delay in the Altseason.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
