Crypto prices today mainly continued showcasing a sluggish performance, reverberating investor uncertainty globally. Bitcoin (BTC) price faced market turbulence and stood at $97K, whereas ETH managed to trade in the green territory. Besides, XRP and Solana faced hurdles, with their intraday trading session primarily in the red zone. However, FTX Token (FTT) emerged as the leading gainer on Thursday, defying the broader market trend. Notably, the coin rises in tandem with the FTX exchange’s Bahamas creditor reimbursement plan looming for February 18. Here’s a brief report on some of the most trending coins’ prices on Thursday.
Crypto Prices Today: BTC, XRP, & SOL Turbulent But ETH Rises
It’s worth noting that the global crypto market cap was down 0.71% from yesterday, reaching $3.19 trillion as of press time. Further, the total market volume also witnessed a 36.88% decline to $122.2 billion. When coupled with the intraday price movements, these stats indicate that traders and investors are currently cautious.
Bitcoin Price At $97K
BTC price experienced a nearly 1% drop in value over the past 24 hours, landing at $97,409. The leading cryptocurrency saw intraday lows and highs of $96,174.83 and $99,113.21. Bitcoin futures open interest (OI) decreased slightly by 0.2% during the day, currently at $58.92 billion. Additionally, BTC saw liquidations totaling $35.79 million in the last 24 hours, according to data from Coinglass. Despite the current fluctuations, the long-term outlook for Bitcoin remains hopeful, bolstered by increasing institutional interest. Notably, MicroStrategy has recently rebranded itself as Strategy, unveiling its Q4 2024 earnings and drawing attention to BTC as the new logo prominently features the Bitcoin symbol. The firm reported significant growth in Q4 2024, having completed $20 billion of its $42 billion capital plan in response to Bitcoin adoption.
Ethereum Price Jumps 3% Defying Broader Crypto Market Trend
Meanwhile, Ethereum (ETH) saw a 3% increase in the past 24 hours, trading at $2,808. The cryptocurrency’s intraday low and high were recorded at $2,710.52 and $2,824.40, respectively. This rise occurred despite the $39.76 million worth of liquidations observed in the same timeframe. According to CoinGape, Ethereum’s open interest surged significantly, with Coinglass reporting a nearly 4% increase in futures OI over the past day, reaching $24.44 billion.
XRP Price Slips 3%
XRP experienced a 3% decline over the past day, settling at $2.42. The coin’s 24-hour low and high were $2.36 and $2.57, respectively. Additionally, the futures open interest for the Ripple Labs-backed asset decreased by nearly 1.5%, now standing at $3.62 billion.
Solana Price Follows
Solana (SOL) also experienced a 3% drop, reaching $200. The cryptocurrency’s lowest and highest points in the past 24 hours were $195.39 and $207.59, respectively. SOL’s performance reflects the overall volatility within the cryptocurrency market.
Meme Crypto Prices Today
In the meme coin sector, Dogecoin (DOGE) saw a nearly 2% decrease, trading at $0.26, while Shiba Inu (SHIB) fell by 0.5% to $0.00001586. Interestingly, the TRUMP coin bucked the trend, rising nearly 5% to $18.57.
Top Crypto Gainer Prices Today
- FTX Token (FTT): Price: $2.132; 24-Hour Gains: +8%
- Monero (XMR): Price: $232.91; 24-Hour Gains: +4%
- Ethereum Name Service (ENS): Price: $27.71; 24-Hour Gains: +4%
Top Crypto Loser Prices Today
- Pudgy Penguins (PENGU): Price: $0.01178; 24-Hour Loss: -13%
- Raydium (RAY): Price: $5.48; 24-Hour Loss: -9%
- Ethena (ENA): Price: $0.5438; 24-Hour Loss: -8%
In light of the current market turbulence, prominent crypto analyst Ali Martinez has pointed out that indications of an upcoming Altcoin season are not yet evident. He noted that capital seems to be flowing out of Bitcoin and Ethereum into stablecoins, which negatively affects market dynamics.
