Bitcoin (BTC) and Ethereum (ETH), two of the most popular crypto coins, managed to remain stable within the $23,000 and $1,600 range on Friday. Other popular altcoins — including the likes of Dogecoin (DOGE), Solana (SOL), Litecoin (LTC), and Ripple (XRP) — landed in the reds across the board.
The EthereumPoW (ETHW) token managed to emerge as the top gainer, with a 24-hour jump of over 17 percent. Synthetix (SNX), on the other hand, became the top loser, with a 24-hour dip of over 7 percent.
The global crypto market cap stood at $1.08 trillion at the time of writing, registering a 24-hour loss of 1.29 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $23,533.16, registering a 24-hour loss of 1.43 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 19.75 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,643.12, marking a 24-hour dip of 1.72 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.37 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour loss of 2.77 percent, as per CoinMarketCap data, currently priced at $0.09141. As per WazirX, Dogecoin price in India stood at Rs 7.67.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 1.92 percent. At the time of writing, it was trading at $98.94. LTC price in India stood at Rs 8,230.01.
Ripple (XRP) price today
XRP price stood at $0.4111, seeing a 24-hour dip of 0.45 percent. As per WazirX, Ripple price stood at Rs 33.87.
Solana (SOL) price today
Solana price stood at $24.33, marking a 24-hour loss of 3.80 percent. As per WazirX, SOL price in India stood at Rs 2,058.39.
Top crypto gainers today (February 3)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
24-hour gain: 17.30 percent
Huobi Token (HT)
24-hour gain: 12.17 percent
Terra Classic (LUNC)
24-hour gain: 9.37 percent
24-hour gain: 6.26 percent
24-hour gain: 4.17 percent
Top crypto losers today (February 3)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
24-hour loss: 7.39 percent
24-hour loss: 6.98 percent
24-hour loss: 6.87 percent
Lido DAO (LDO)
24-hour loss: 6.46 percent
Curve DAO Token (CRV)
24-hour loss: 6.01 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told , “Bitcoin rose above $24,000 on Thursday as markets continued to react to the recent US Federal Reserve policy. This marked the first time it reached this level since August, but it quickly fell back to $23,500 due to volatility. Meanwhile, Ethereum saw a surge, with prices almost hitting $1,700, its highest since September, and continuing to trade above $1,600.
The immediate resistance for Ethereum is now at $1,700, with the next major resistance near $1,720. If Ethereum cannot clear the $1,700 resistance, it could result in a downward correction.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin is currently trading at $23,565 with a 24-hour trading volume of $30 billion and a market cap of $454 billion. The rate is up 2.50 percent over the past week, but recently struggled to break through $24,000 and tested support at $23,000. If it breaks below this level, it could drop to $22,600 or $22,350 and potentially lead to a bullish reversal.”
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market is on the optimistic side after the US central banks slowed down the interest rate hike to 25 basis points in its latest announcement. Bitcoin briefly crossed the $24,000 mark on Wednesday night to touch a 6-month high.
Ethereum which follows the BTC trend witnessed a healthy jump and is exchanging hands at the $1,641 level. The momentum in the digital asset market is expected to continue with macroeconomic factors becoming less hostile.”