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.
Gapster Innes emerges as a visionary adeptly blending the roles of crypto analyst, dedicated researcher, and editorial maestro into an intricate tapestry of insight. Amidst the dynamic world of digital currencies, Gapster’s insights resonate like finely tuned harmonies, captivating curious minds from various corners. His talent for unraveling intricate threads of crypto intricacies melds seamlessly with his editorial finesse, transforming complexity into an eloquent symphony of comprehension.