Crypto Market Fluctuation: LTC Surges
Cryptocurrency markets displayed significant price fluctuations on Monday, February 10th, reflecting ongoing market uncertainty. Bitcoin (BTC) traded near $97,000, while Ethereum (ETH), XRP, and Solana (SOL) experienced intraday volatility. Meme coins also saw sharp declines, mirroring the broader market trend; however, Litecoin (LTC) bucked this trend, showing a 5% increase.
Cryptocurrency Prices: Sluggish Trading
Following recent global market downturns and the impact of previous trade disputes, Bitcoin and altcoins experienced notable losses last week. Prices have yet to fully recover and remain sluggish.
The total cryptocurrency market capitalization saw a 1.39% decrease in the past 24 hours, reaching $3.13 trillion. Market volume, however, increased by 30.85% to $95.16 billion.
Bitcoin (BTC) Price
At the time of writing, the BTC price was down 0.2% at $97,074. Intraday trading ranged from a low of $94,745.26 to a high of $97,325.28. Bitcoin's market dominance increased by 0.28% to 60.87%, suggesting continued pressure on altcoins.
Ethereum (ETH) Price
ETH experienced a 2% decline in the past 24 hours, trading at $2,630. The price fluctuated between $2,530.44 and $2,695.22. While Ethereum's price mirrored the overall market trend, long-term prospects remain positive due to recent developments and ongoing market optimism.
XRP Price
XRP fell by over 4% in the last 24 hours, reaching $2.39. The price ranged from $2.32 to $2.50. Despite positive market sentiment surrounding XRP ETF filings and ongoing legal proceedings, the asset hasn't yet recovered above $3.
Solana (SOL) Price
SOL decreased by nearly 2%, trading at $202.70. Intraday trading saw a low of $194.24 and a high of $207.27, following the broader market trend.
Meme Coin Prices
Dogecoin (DOGE) fell by over 4% to $0.2481, and Shiba Inu dropped 4% to $0.00001573. PEPE and TRUMP meme coins experienced losses ranging from 3% to 14%, trading at $0.000009476 and $15.25 respectively.
Top Cryptocurrency Gainers
- Litecoin (LTC): Price: $109.21, 24-Hour Gains: +5%
- Monero (XMR): Price: $224.04, 24-Hour Gains: +3%
- Artificial Superintelligence Alliance (FET): Price: $0.7689, 24-Hour Gains: +2%
Top Cryptocurrency Losers
- Onyxcoin (XCN): Price: $0.02414, 24-Hour Loss: -11%
- Virtuals Protocol (VIRTUAL): Price: $1.09, 24-Hour Loss: -11%
- Raydium (RAY): Price: $4.53, 24-Hour Loss: -10%
Despite the market volatility, crypto analyst Michaël van de Poppe expressed optimism about a potential strong week ahead for crypto, prompting market discussion of a possible recovery before upcoming U.S. economic data releases.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Conduct thorough research before investing in cryptocurrencies.