Crypto Prices Today Feb 8: BTC Touches $95K Low, Altcoins Show Mixed Actions

Crypto prices on Saturday have again encountered severe volatility, keeping traders and investors cautious. Bitcoin (BTC) price briefly slumped to a $95K low, whereas Ethereum (ETH) and Solana (SOL) traded in the red territory. However, XRP managed to pump roughly 1%, preventing further downside momentum. Besides, even the meme coins sector mirrored a slumping movement.

Let’s take a closer look at some of the most trending coins for the day and the latest market updates that have impacted prices.

Crypto Prices Today: ‘Market Blues’ This Week As BTC & Alts Mainly Down

Despite Donald Trump announcing a pause on new tariffs for Mexico and Canada, the crypto market is yet to recover from its slump. Some traders and investors are even bearish over future movements, as the tariffs pause is only for 30 days. Given that the market fails to recover by March’s beginning, another wave of volatility could kick in as the new tariffs are to resume. Meanwhile, this week has been alarming for the broader cryptocurrency sector as a whole.

BTC Price Hits $95K Low

BTC price dipped nearly 1% in the past 24 hours and is currently trading at $96,663. However, it’s noteworthy that the flagship coin’s intraday low and high levels were $95K and $100K, respectively. Nevertheless, Bitcoin’s dominance stayed up by 0.09%, reaching 60.94%.

Meanwhile, in the latest developments surrounding this crypto, the U.S. state of Maryland has recently unveiled a legislative proposal to establish a Bitcoin reserve fund for the state.

Bitcoin saw liquidations worth $73.02 million in the past 24 hours, per Coinglass data. Further, Bitcoin ETFs registered inflows worth $203.54 million over the past week, as per SosoValue data ending February 7.

Ethereum Price Slips

ETH price dropped nearly 3% in the past 24 hours and is currently trading at $2,643. The coin’s intraday low and high were $2,564.97 and $2,798.03, respectively. Notably, the current waning movement falls in line with the broader market trend.

In the latest developments surrounding the crypto, the U.S. SEC has delayed its decision on BlackRock’s Ethereum ETF options trading proposal. ETH recorded liquidations worth $64.83 million in the past 24 hours. Also, weekly inflows for Ethereum ETFs totaled $420.06 million as of February 7.

XRP Price Jumps

However, XRP price jumped slightly over 1% intraday and is currently trading at $2.38. The coin’s 24-hour bottom and high were $2.28 and $2.53, respectively.

Ripple’s coin soars alongside positive news for the community as a new XRP DR (Depository Receipt) product is set to go live in the U.S.

Solana Price Fluxes

SOL price witnessed a rollercoaster ride in the past 24 hours, trading at $193 as of press time, down marginally by 0.1%. The coin’s 24-hour bottom and peak were $188.48 and $203.15, respectively. Notably, Solana recorded liquidations worth $11.26 million in the past 24 hours.

Meme Crypto Prices Today

Dogecoin (DOGE) saw a 2% drop in value and is currently trading at $0.247. Simultaneously, even PEPE and TRUMP prices tanked 3-5%, reaching $0.000009089 and $16.46, respectively. However, Shiba Inu (SHIB) price witnessed a nearly 1% jump in value to $0.00001517.

Top Crypto Gainers Prices Today

Flare (FLR)

Price: $0.02196
24-hour Gains: +9%

Onyxcoin (XCN)

Price: $0.0279
24-hour Gains: +6.5%

Maker (MKR)

Price: $948.28
24-hour Gains: +5%

Top Crypto Loser Prices Today

Berachain (BERA)

Price: $6.86
24-Hour Loss: -15%

Movement (MOVE)

Price: $0.5412
24-Hour Loss: -12%

LidoDAO (LDO)

Price: $1.54
24-Hour Loss: -10%

The broader market trends remain poised to significantly impact prices ahead. Apart from Donald Trump’s tariffs resuming in 30 days, another aspect has caused volatility. Renowned crypto analyst Ali Martinez revealed that over $15 billion in tokens were unlocked last month. Moreover, another $3 billion is set for this month, whereas the following month will see $9 billion between March & April. This phenomenon could further present altcoins’ prices with volatility.