Crypto Prices Today Feb 1: BTC Slips To $101K, Altcoins Mimic Dip
Highlights
- Bitcoin slips to $101K amid broader trends.
- Further, Ethereum and altcoins mirrored a volatile action intraday.
- The U.S. PCE inflation data release for December showed a 2.6% increase YoY.
The crypto prices on Saturday have shown mixed actions as broader macroeconomic events unfolded. Bitcoin (BTC) price showcased a waning movement to reach $101K, whereas Ethereum (ETH) and other altcoins mainly mimicked the dipping intraday action. However, QTUM emerged as the leader of the sector today, witnessing a staggering 41% uptick in value.
Let’s take a closer look at some of the most trending coins for the day and broader market developments.
Crypto Prices Today (February 1): BTC Wanes, ETH & Meme Coins Up
The broader crypto market appears to be digesting the latest PCE inflation data release, which showed a 2.6% increase for December (YoY), per BEA data. Simultaneously, BTC price witnessed a waning action to reach $101K. Further, the global cryptocurrency market cap saw a 1.3% decrease to $3.49 trillion.
Also, ETH and altcoins have mirrored waning trajectories, sparking market speculations. However, the global market volume rose by nearly 16% intraday to reach $121.57 billion.
BTC Price Near $102K
BTC price witnessed a 2% drop at the time of reporting, reaching $101,753. Its intraday low and high were $101,543.88 and $106,026.35, respectively. Bitcoin’s dominance sipped 0.16% from yesterday, reaching 58.08%. Further, U.S. spot Bitcoin ETFs recorded only $559.84 million worth of inflows over the past week, per Sosovalue data of Jan 31. The flagship crypto sees volatility amid reduced institutional interest and broader macroeconomic data release.
ETH Price Jumps
ETH price has waned 0.5% in the past 24 hours, reaching $3,242. The coin’s intraday bottom and peak were $3,214.94 and $3,437.57, respectively. Notably, the volatile trajectory comes despite massive buying by ETH whales. Nevertheless, it’s also worth mentioning that U.S. Ethereum ETFs registered outflows worth $45.51 million over the past week, per SosoValue data as of Jan 31.
XRP Price Today
Besides, XRP price slipped nearly 2% over the past day and is currently resting at $3.04. The coin’s 24-hour low and high were $3.01 and $3.11, respectively. Intriguingly, despite the asset’s price consolidation near the $3 mark over the days, a massive rally looms, per XRP price analysis by CoinGape. With historical trends in mind and the odds of an XRP ETF approval gaining weight, investors remain bullish over future movements.
Solana Price Drops
SOL price also witnessed a nearly 2% dip in value and is currently trading at $231. The coin’s intraday bottom and peak were $228.48 and $241.67, respectively. The current sluggish movement is primarily attributed to the broader market trend.
Meme Crypto Prices Today
Besides, the meme crypto sector also mainly followed the broader trend on Saturday. Notably, DOGE price witnessed a fall of 0.5% and traded at $0.3229. Besides, SHIB price gained slightly by 0.1% to reach $0.00001866. However, PEPE price surged by a notably 1.5% intraday, reaching $0.00001316. Overall, the leading meme coins showcased mixed actions in light of the broader market trend.
Top Crypto Gainer Prices Today
QTUM
Price: $3.98
24-Hour Gains: +41%
Pudgy Pneguing (PENGU)
Price: $0.01639
24-Hour Gains: +13%
LidoDAO (LDO)
Price: $2.30
24-Hour Gains: 12%
Neo (NEO)
Price: $14.93
24-Hour Gains: +10%
Top Crypto Loser Prices Today
Fartcoin (FARTCOIN)
Price: $0.8936
24-Hour Loss: -14%
Official Melania Meme (MELANIA)
Price: $1.84
24-Hour Loss: -10%
SPX6900 (SPX)
Price: $1.17
24-Hour Loss: -8.%%
Onyxcoin (XCN)
Price: $0.03169
24-Hour Loss: -7%
Nevertheless, future prospects for the broader market remain bullish as market experts believe the bull cycle has yet to peak. Renowned expert Michaël van de Poppe posted on X, despite the rising inflation, stating that it is very “hard to say that the bull market has peaked.” This statement comes as Michaël spotlights how institutions and the entire U.S. government is interested in Bitcoin and adopting Web3.
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