Bitcoin and Major Altcoins Experience Green
The major crypto prices today were in the green as Bitcoin (BTC) surged past $43,000 again while major altcoins registered a notable upswing as well. In addition, Ethereum (ETH), the second-largest crypto by market cap, also hit the $2,300 level today, however, struggled to sustain it. Furthermore, the XRP price extended over the $0.50 mark during the session.
Bitcoin Price Rebounds
The Bitcoin price regained the gaining momentum due to the rebound. The Bitcoin price increased by 2.66%, settling at $43,012.93 at the time of writing on Friday, Feburary 2. On the other hand, its trading volume plunged by 22.62% to $19.77 billion in the last 24 hours. Meanwhile, the crypto boasted a market cap of $843.44 billion.
Altcoins Show Positive Movement
Turning to altcoins, the Ethereum price was up by 1.62% to $2,299.22 at press time with a market valuation of $276.32 billion. However, ETH recorded a 27.03% slump in its trade volume, reaching $8.05 billion. Whilst, the Binance Coin (BNB) price gained 1.12% in value, reaching $302.19, while its 24-hour trade volume dropped by 14.32% to $719.57 million.
Furthermore, the Solana price rallied by 5.43%, reaching $99.07. However, SOL witnessed a 33.76% dip in trade volume to $2.58 billion in the last 24 hours. Moreover, the XRP price rebounded significantly. The XRP price recorded a gain of 1.73%, reaching $0.5064. Whilst, XRP’s trading volume plummeted by 32.65% to $906.28 million.
Meanwhile, the Cardano price was up by 3.22% to $0.5068 On the contrary, it recorded a 27.49% slip in its 24-hour trading volume, settling at $343.71 million. In the meme coin space, the Dogecoin price increased by 1.38% to $0.07983 while its biggest rival, Shiba Inu, registered a 1.46% hike in value and traded at $0.000009036.
Pepe Coin Rebounds
The Pepe Coin (PEPE), a trending meme coin, registered a rebound. At press time, the Pepe Coin price hiked by 1.15% to $0.0000009261 with a market valuation of $389.16 million. In contrast, its 24-hour trade volume plummeted by 47.59% to $52.01 million.
Pyth Network Rallies 22%
The Solana Ecosystem’s Pyth Network (PYTH) witnessed a notable uptick today and emerged as the top crypto gainer today. The PYTH price soared by 22.82% to $0.4879 at the time of reporting. In addition, its trade volume surged by a massive 41.85% to $130.46 million. Moreover, Pyth Network recorded a high of $0.4968 amid the rally today.
FTX Token Surges 21%
The embattled crypto firm FTX’s FTX Token (FTT) surged past 21% on Friday. The FTT price spiked by 21.74% to $2.02 at the time of reporting. However, its trade volume tumbled by 39.01% to $95.22 million. Whilst, FTT attained a high of $2.30 during the day.
Hot Take: Crypto Prices Today Show Positive Momentum
The crypto market experienced a positive momentum today as Bitcoin and major altcoins saw green. Bitcoin rebounded and surged past $43,000, while Ethereum hit the $2,300 mark. Altcoins such as Binance Coin, Solana, XRP, Cardano, Dogecoin, and Shiba Inu also showed gains in their prices.
In addition, Pepe Coin registered a rebound with a slight increase in price. The Pyth Network emerged as the top gainer today with a significant rally, and FTX Token saw a surge of over 21%. Overall, the crypto market is showing signs of upward movement and increased investor interest.
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