The crypto market has been experiencing a period of upward momentum, with major digital currencies showing signs of strength. Bitcoin (BTC) has maintained its position above the $43,000 mark, while top altcoins have also exhibited gains.
Ethereum (ETH) has held its ground above the $2,300 level, while XRP has maintained the $0.50 level during the recent trading session.
Bitcoin: Regaining Momentum
Bitcoin’s price has regained momentum due to a recent rebound. The cryptocurrency has increased by 0.38%, settling at $43,174.51 at the time of writing on Saturday, February 4. However, its trading volume has declined by 10.39% to $17.72 billion in the past 24 hours, indicating a potential slowdown in market activity.
Altcoins on the Rise
In the altcoin space, Ethereum’s price has risen by 0.94% to $2,321.17, with a market valuation of $278.96 billion. However, ETH has experienced a 12.55% drop in its trading volume, which has now reached $7.04 billion.
Binance Coin (BNB) has gained 0.25% in value, reaching $302.96, while its 24-hour trading volume has decreased by 2.70% to $700.17 million.
Solana’s price has increased by 0.59% to $99.66, despite witnessing a 10.26% decline in trading volume to $2.32 billion over the past 24 hours.
XRP has continued to rebound, recording a gain of 0.20%, reaching $0.5079. However, XRP’s trading volume has dropped by 3.76% to $872.26 million.
Cardano’s price has registered an increase of 1.91% to $0.5168, accompanied by a 21.58% surge in its 24-hour trading volume, which has now reached $417.90 million.
Meme Coins: Mixed Performance
In the meme coin arena, Dogecoin’s price has declined by 0.52% to $0.07931, while its rival, Shiba Inu, has registered a 0.65% increase in value, trading at $0.000009117.
Notable Gainers and Losers
Among the top crypto gainers, Flair (FLR) has witnessed a significant 13.12% increase, reaching $0.02716. Oasis Network (ROSE) has also surged by 12.16% to $11.75, fueled by a notable increase in trading volume.
On the other hand, Pepe Coin (PEPE) has continued to rebound after experiencing a sharp decline earlier this week. However, its price has increased by only 1.08% to $0.0000009351.
Important Note
Please conduct thorough market research before investing in cryptocurrencies as the market remains volatile and subject to fluctuations.