As of February 5, 2025, the global cryptocurrency market has had a bit of fluctuation with Bitcoin (BTC), the most valued digital asset, going below the $98,000 mark. Other top cryptocurrencies such as Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) have also experienced mixed reactions where some are rising, while others are falling. This weight is also on the market’s overall sentiment. The Fear & Greed Index, according to CoinMarketCap data, currently stands at 38 (Fear) out of 100, indicating a cautious market.
Cryptocurrency Market Capitalization
Total cryptocurrency market capitalization has fallen slightly to $3.21 trillion and accounts for a loss of 0.32% in the last 24 hours.
Bitcoin (BTC) Price Today
Bitcoin, the original and most widely recognized cryptocurrency, has recently faced some challenges in maintaining its value. As of the latest data, Bitcoin’s price stands at $97,862.20, marking a 24-hour dip of 0.52%. On Indian exchanges, BTC is priced at Rs 81.30 lakh.
Despite the decline in value, Bitcoin has really resisted fall as it sustains its ranges around $96,000 and $100,000. However, global economic outlooks related to trade frictions especially between the United States and China have cast a cloud of uncertainty that pulled down some expectations.
Ethereum Price Today
Ethereum (ETH), the second-largest cryptocurrency by market cap, is trading at $2,717.51, reflecting a 1.75% increase in the past 24 hours. This marks a notable shift, as Ethereum has shown potential for steady growth amidst Bitcoin’s downward trend. In India, Ethereum’s price stands at Rs 2.16 lakh.
Despite being in existence, the Ethereum network remains popular and in demand owing to its functionality in smart contracts. The latest price surge for Ethereum may also be due to the expected improvement with the soon-to-be-implemented Ethereum 2.0, which addresses scalability issues.
Dogecoin (DOGE) Price Today
Dogecoin, once created as a meme coin, has survived to achieve solid ground as one of the most prominent digital assets among the cryptocurrency users and community. It now stands at $0.2632 with a mildly 0.54% rise in the last 24 hours. The rate of Dogecoin is at Rs 19.80 in India.
Dogecoin has a vibrant community, with influential supporters in the form of people like Elon Musk promoting development and conversation. Often falling prey to news and sentiment-driven price movements, this has always given ways for short-term traders:
Litecoin LTC Price Today
Litecoin is popularly known as the silver to Bitcoin’s gold. Litecoin has had a good 24 hours, with a 2.65% gain. Litecoin is currently trading at $101.96. In India, it would fetch Rs 8,052.41.
Litecoins are a hit with users and traders looking for quicker, cheaper digital currency transactions because of its speed compared to bitcoin and its relatively lesser fees.
Ripple (XRP) Price Today
Ripple (XRP), the cross-border payment cryptocurrency, is currently valued at $2.49 price. It has taken a minor 1.35% dip in the last 24 hours. In the Indian market, the current Ripple price is Rs 189.69.
XRP has faced turbulence recently amid the continued lawsuit filed by the U.S. Securities and Exchange Commission, which has generated uncertainty in the marketplace. The result is bound to influence the future course of prices of XRP.
Today’s Solana Price
Solana is a blockchain with high processing speeds and low transaction costs. The price is at $204.07. In the last 24 hours, it has gone up by 0.58%. In India, it is trading at Rs 16,691.51.
The ecosystem for Solana has been rapidly increasing with a significant number of dApps and projects choosing the chain due to scalability and performance. With further maturity, this is expected to increase its price.
Top Crypto Gainers Today (February 5)
FTX Token (FTT): The biggest gainer today has emerged to be FTX Token. This is the biggest token within the last 24 hours as its price is at $2.12 after rising 17.97%.
Official Melania Meme (MELANI): MELANI has also done well, with a 16.61% increase, trading at $1.64.
Hyperliquid (HYPE): HYPE recorded an 8.26% increase, trading at $25.96.
Pudgy Penguins (PENGU): Pudgy Penguins, a meme-based token, increased by 7.03%, trading at $0.01335.
Sui (SUI): Sui also recorded a healthy 6.85% increase, trading at $3.61.
Such tokens have witnessed quite hefty price pumps often due to speculative interest, community-driven activities, or other very positive sentiment toward them.
Best Crypto Losers Today February 5
Ethena (ENA) The least-known token is the largest loser for the day at 6.06% dropping it to a $0.5865
Lido DAO (LDO): Lido DAO dropped 5.05% in the last 24 hours and sits at $1.68.
AERO: Its value went down by 4.33%, which brought the value to $0.8928.
XDC Network (XDC): The value decreased by 4.08%, with the value being $0.09393.
Flare (FLR): Flare’s value dropped by 3.64% to $0.0207.
The altcoins are unstable and include ENA, LDO, and AERO, among others. It is highly advisable that the investor be very cautious with such tokens, especially in times of volatility.
What Crypto Exchanges Are Saying About the Current Market Scenario
The market is mainly volatile in response to geopolitics, starting with the tension of trade escalations between the U.S. and China. Here are their thoughts on this:
Edul Patel, CEO of Mudrex, wrote: “Bitcoin trades in a range $96,000 to $100,000 with China’s announcement of retaliatory tariffs on US imports. Bitcoin is still pretty resilient but the volatility in the market remains due to geopolitical tensions. The key market catalyst could be Friday’s US employment report. A soft number could encourage some relief rally.”
Bitcoin had a rollercoaster kind of a day, where briefly it moved beyond $100,000 in wake of paused tariff threats from the President, however, China came back by placing new tariffs on U.S. goods thus triggering trade war and bearishness in markets once again. CoinSwitch Markets Desk
Avinash Shekhar, Co-founder & CEO of Pi42, remarked, “Crypto markets remain volatile as regulatory and geopolitical forces collide. We are seeing increased oversight in the industry, while China’s retaliatory tariffs are contributing to market uncertainty.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Despite Bitcoin’s resilience, the ongoing tariff war and regulatory concerns have pushed Bitcoin below $91,500. The global economic landscape remains unpredictable, making it a challenging environment for traders.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin has dropped below $100,000 due to selling pressure from escalating trade tensions. The situation remains fluid, and traders should exercise caution, especially considering the global uncertainty.
According to the CoinDCX Research Team, “Bitcoin is still struggling below $100,000, and despite the presence of support at the key levels, the overall sentiment remains bearish, with resistance between $98,500 and $100,000. This is creating pressure on Bitcoin’s upward movement, and the rest of the market is also facing the brunt of it.”
5 FAQs
Why did Bitcoin drop below $98,000 today?
The main reason for Bitcoin’s drop below the $98,000 mark is the growing uncertainty in global markets, which is fueled by the rising trade tensions between the U.S. and China. In addition, the ongoing regulatory concerns have weighed on the market sentiment.
Which are currently the factors affecting the cryptocurrency market?
The geopolitical events that have currently raised volatility in the crypto market, such as the trade war between the US and China. To this end, regulatory pressures along with global economic uncertainty are relevantly influencing investor sentiment.
Which of the cryptocurrencies is performing well today?
Today, FTX Token (FTT) has gained the most at 17.97%. Official Melania Meme (MELANI), Hyperliquid (HYPE), Pudgy Penguins (PENGU), and Sui (SUI) are other leaders.
Presently, in the market regarding Bitcoin and Ethereum, the markets are still negatively positioned for Bitcoins, while an upward pressure with a Fear at 38 over 100 units is indicated. Ethereum, contrary to this was seen with upsurge up to 1.75 percent.
Should investors be careful with altcoins such as Ripple (XRP) and Solana (SOL)?
Yes, caution is advisable with altcoins such as Ripple (XRP) and Solana (SOL), since the crypto market is still very volatile. Investors should monitor key support and resistance levels and also be aware of any changes in regulatory and geopolitical factors.
The cryptocurrency market shows high volatility despite the fact that some coins enjoy positive growth at the expense of others. That is why as always, researchers should be current with global changes that may interfere with the functioning of the given market.
