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Cryptocurrency News Articles
Bitcoin Drops to $102k, Faces Selling Pressure? Qtum Leads the Market
Feb 01, 2025 at 03:15 pm
The crypto market today underwent a minor turn to the south, with the market cap slipping by 0.71% to $3.52 trillion. Despite the dip, trading volume surged 22.11%, reaching $123.35 billion, indicating maintained investor activity. The Fear & Greed Index has cooled to 54, shifting to a Neutral stance from yesterday's Greed sentiment, suggesting a more cautious market approach.
The crypto market slipped 0.71% to $3.52 trillion, with total trading volume surging 22.11% to $123.35 billion. Bitcoin’s market dominance now stands at 57.6%.
The Fear & Greed Index has cooled to 54, shifting to a Neutral stance from yesterday’s Greed sentiment, suggesting a more cautious market approach.
Bitcoin Drops to $102k, Faces Selling Pressure?
Bitcoin has witnessed a 1.73% price decline over the last 24 hours, currently changing hands at $102,483.63. Its market cap has slipped 1.78% to $2.03 trillion. BTC’s dominance remains strong at 57.6%.
In terms of volume, the 24-hour trading volume for Bitcoin jumped 17.58% to $44.32 billion, indicating active buying and selling despite the downturn.
Bitcoin’s Fear and Greed Index today slipped to 54, indicating a shift from yesterday’s Greed sentiment. The index now suggests a more cautious market approach.
As for the highs and lows, Bitcoin’s highest and lowest prices over the past 24 hours were $104,683.08 and $101,706.86, respectively.
After kicking off the year below $30,000, BTC has enjoyed a stellar 2023. According to our Bitcoin price prediction, the coin could hit $250,000 by 2025.
Altcoins Today: ETH Spikes, While SOL & XRP Slip
Ethereum posted a 1.77% gain, climbing to $3,298.15, while Solana and XRP declined by 1.81% and 1.06%, respectively.
The altcoin market remained in flux, with some assets posting gains while others struggled amid Bitcoin’s correction.
Top Gainers: Qtum Leads the Market
Top Losers: Fartcoin Leads the Declines
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FAQs
Bitcoin is currently priced at $102,483.63, reflecting a 1.73% decline in 24 hours.
Qtum, Penguin, and LDO have recorded the highest gains, with Qtum leading at +40%.
Ethereum has gained 1.77% in the past 24 hours, reaching $3,298.15.
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