Crypto Prices Today Feb 6: BTC Holds $97K, Altcoins Flux, FTT Up 8%

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 witnessed a nearly 1% drop in value over the past 24 hours, reaching $97,409. The flagship coin’s intraday low and high were $96,174.83 and $99,113.21, respectively. Bitcoin futures OI slipped marginally by 0.2% intraday and is currently at $58.92 billion. Besides, BTC recorded liquidations worth $35.79 million in the past 24 hours, per Coinglass data.

Despite the waning movement, the coin’s long-term prospects glimmer with optimism as institutional interest in the asset continues to rise. MicroStrategy recently rebranded itself into Strategy whilst also revealing Q4 2024 earnings. This saga garnered significant attention to BTC, as the rebranded logo contains Bitcoin’s symbol. Also, the firm grew substantially in Q4 2024, completing $20 billion of its $42 billion capital plan in the wake of Bitcoin adoption.

Ethereum Price Jumps 3% Defying Broader Crypto Market Trend

Meanwhile, ETH price witnessed an uptick of 3% in the past 24 hours and is currently trading at $2,808. The coin’s intraday low and high were $2,710.52 and $2,824.40, respectively. Ethereum rises despite $39.76 million worth of liquidations witnessed in the past 24 hours. CoinGape reported that ETH OI spiked notably, with the latest Coinglass data indicating a jump of nearly 4% in the futures OI over the past 24 hours, reaching $24.44 billion.

XRP Price Slips 3%

XRP price lost 3% of its value over the past day and is currently sitting at $2.42. The coin’s 24-hour low and high were $2.36 and $2.57, respectively. Notably, the Ripple Labs-backed asset’s futures OI slipped by nearly 1.5% and is at $3.62 billion.

Solana Price Follows

SOL price also tanked by 3% intraday, reaching $200. The crypto’s 24-hour bottom and peak were $195.39 and $207.59, respectively. The coin currently mirrors the broader cryptocurrency market trend, showcasing volatility.

Meme Crypto Prices Today

Dogecoin (DOGE) price fell by nearly 2% in the past 24 hours and is trading at $0.26. Shiba Inu (SHIB) price followed, waning 0.5% to $0.00001586. However, it’s worth mentioning that the TRUMP coin defied the trend and jumped nearly 5% to reach $18.57.

Top Crypto Gainer Prices Today

FTX Token (FTT)

Price: $2.13
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%

Simultaneously, in light of the current turbulent performance, renowned crypto market analyst Ali Martinez revealed that the signs of the Altcoins season commencing haven’t prevailed in the market yet. According to him, “Capital continues to flow out of BTC & ETH into stablecoins,” negtively impacting market dynamics.