HargaRumah: Bitcoin Defends $95K Successfully but Some Altcoins Surprise

Senin, 10 Februari 2025

Bitcoin Defends $95K Successfully but Some Altcoins Surprise


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Bitcoin Defends $95K Successfully but Some Altcoins Surprise

Over the weekend, the cryptocurrency market remained relatively calm with low trading volumes, which is a common pattern for weekends.

Bitcoin traded above its weekly average and even attempted to stabilize above $97,000 on Sunday but failed. Late at night, volatility returned, with Bitcoin's price plunging from around $97,000 to below $95,000, then rebounding above $97,000, only to drop below $96,000 again.

While these aren't massive percentage changes, they're noteworthy because they happened for a reason—something we'll explore shortly. Following the latest drop, buyers quickly stepped in, not only erasing the losses but also pushing Bitcoin close to $98,000, where it's currently trading.

A key point here is that Bitcoin's dominance continues to rise, reaching an impressive 61% today—something we haven't seen since early 2021. Market sentiment remains fearful, according to the Fear and Greed Index, with levels last seen in October 2024.

Meanwhile, altcoin markets show mixed performance. Ethereum, Ripple, BNB, Doge, and Shiba Inu are down 1-5%, while AVAX, SUI, Polkadot, and Mantra are up by similar percentages. Overall, the market remains indecisive, with neither buyers nor sellers taking full control.

One altcoin, however, took the center stage, let's find out about it!

Price Action

Total Mkt Cap: $3.3 Trillion | 24HR Liquidations: $245M | Sentiment: Fear

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Bitcoin

Last Monday morning was an all-out massacre in the cryptocurrency space following US President Trump's tariffs against three countries. BTC, which had already dumped from $106,000 to under $100,000 during the weekend, slumped within hours to just over $91,000 to mark a multi-week low.

The cryptocurrency bounced off hard, which was somewhat surprising, then skyrocketed to over $102,000 later that day, thus making another ten-grand move within hours. However, it failed to remain in the six-digit price territory and retraced to $96,000 almost immediately.

Another attempt to overcome that $100,000 mark was halted on Friday, and BTC was pushed south to a familiar ground – $96,000. The weekend was calmer, but bitcoin dropped once again on Monday morning. This time, though, its losses were stopped at $95,000, and BTC even jumped to $98,000 but couldn't breach it.

As of now, bitcoin trades with a minor daily increase, which has pushed its market cap to over $1.930 trillion on CG. Its dominance over the alts stands strong at 58.5%.

Altcoins

Binance Coin was the Sunday star of the cryptocurrency market, but its ascent was stopped, and the asset is now down by 5% to just over $600. The other larger-cap alts in the red today include ETH, XRP, DOGE, and XLM.

In contrast, SUI has gained over 3% in the past day and sits at $3.2. SOL, TRX, LINK, AVAX, and ADA are also with minor gains.

Litecoin has stolen the show today with a 10.5% surge that has pushed it toward $120. APT, TAO, and OM follow suit.

The total crypto market cap has remained at essentially the same spot as yesterday at just over $3.3 trillion.

Best Performers

Litecoin (LTC) +9.2%
Bittensor (TAO) +8.8%
Sui (SUI) +6.3%

Worst Performers

DeXe (DEXE) -7.9%
Official Trump (TRUMP) -3.3%
BNB (BNB) -3.2%

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