The crypto currency market experienced harsh fluctuations again on February 5th. Bitcoin price fell to $ 98,000, while the Altcoins watched a similar downward trend. The contraction in the market volume increased investors’ concerns.
Leader Crypto Money Bitcoin is trying to hold on 98 thousand dollars
Bitcoin lost 3 %in the last 24 hours and fell to $ 98.054. The lowest level during the day was 96.208 dollars, while the highest level was recorded as 100,826 dollars. In addition, according to Coings data, $ 123.44 million liquidation took place in the Bitcoin market. However, BTC’s market domination rose to 60.40 %.
Crypto investors are discussing the reason for the recent fluctuations. In particular, the impact of macroeconomic developments and changes in investor sensitivity on the market was great.
Hard drop in Ethereum and XRP
Ethereum declined in parallel with Bitcoin. The price of ETH decreased by more than 3 %to $ 2,721. The lowest level during the day was $ 2,636 and the highest point was $ 2,869. Depending on the decrease in the market, $ 146.76 million liquidation took place in Ethereum.
XRP experienced one of the hardest decreases that worried investors. XRP, which lost 8 %on a daily basis, fell to $ 2,51. The Ripple CTO David Schwartz’s explanations about the validation problems in the network may also shake the investor confidence.
Altcoins are also in the red zone
The general decline trend in the market also affected Solana and breast coins. The left price fell to $ 207 by dropping by 4 %. The left, which fell to $ 202 during the day, saw the highest $ 218.
Breast coins could not escape this sales pressure. Dogge decreased by 6 %to $ 0.2642, while SHIB is traded for $ 0.00001593 with a 2 %loss of value. Pepe fell to $ 0.00001 with a drop of 4 %.
These crypto currencies On the rise!
Despite the big decreases, some subcoins are on the rise. The official Melania Breast (Melania) increased by 16 %in the last 24 hours to $ 1.68. Sui (water) increased by 4 %to $ 3.67. In addition, Pudgy Penguins (Pengu) and Hyperliquid (Hyper) gained 4 %and 3 %. Investors began to show more interest in these rising coins.
The crypto market continues to move volatility as usual. However, the possibility of creating a Bitcoin reserve in the USA may be a positive development for the market in the long run. For this reason, investors focus on price movements and closely monitor macro developments.
