Cryptocurrency Price Today (February 5): Bitcoin Dips Below $98,000, FTT Becomes Biggest Loser
Cryptocurrency price on February 5 quick take: The global market cap dipped to $3.21 trillion.
Bitcoin (BTC), the world’s oldest and most valued crypto, dipped below the $98,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of minor gains and dips across the board as overall Market Fear & Greed Index stood at 38 (Fear) out of 100, as per CoinMarketCap data. FTX Token (FTT) became the biggest gainer of the lot, with a 24-hour jump of nearly 18 percent. ENA became the biggest loser, with a 24-hour loss of over 6 percent.
The global crypto market cap stood at $3.21 trillion at the time of writing, registering a 24-hour loss of 0.32 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $97,862.20, registering a 24-hour dip of 0.52 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 81.30 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,717.51 marking a 24-hour jump of 1.75 percent at the time of writing. Ethereum price in India stood at Rs 2.16 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 0.54 percent, as per CoinMarketCap data, currently priced at $0.2632. Dogecoin price in India stood at Rs 19.80.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 2.65 percent. At the time of writing, it was trading at $101.96. LTC price in India stood at Rs 8,052.41.
Ripple (XRP) Price Today
XRP price stood at $2.49, seeing a 24-hour loss of 1.35 percent. Ripple price in India stood at Rs 189.69.
Solana (SOL) Price Today
Solana price stood at $204.07, marking a 24-hour jump of 0.58 percent. SOL price in India stood at Rs 16,691.51.
Top Crypto Gainers Today (February 5)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
FTX Token (FTT)
Price: $2.12
24-hour gain: 17.97 percent
Official Melania Meme (MELANI)
Price: $1.64
24-hour gain: 16.61 percent
Hyperliquid (HYPE)
Price: $25.96
24-hour gain: 8.26 percent
Pudgy Penguins (PENGU)
Price: $0.01335
24-hour gain: 7.03 percent
Sui (SUI)
Price: $3.61
24-hour gain: 6.85 percent
Top Crypto Losers Today (February 5)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Ethena (ENA)
Price: $0.5865
24-hour loss: 6.06 percent
Lido DAO (LDO)
Price: $1.68
24-hour loss: 5.05 percent
Aerodrome Finance (AERO)
Price: $0.8928
24-hour loss: 4.33 percent
XDC Network (XDC)
Price: $0.09393
24-hour loss: 4.08 percent
Flare (FLR)
Price: $0.0207
24-hour loss: 3.64 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Edul Patel, CEO, Mudrex told ABP Live, “Bitcoin trades range-bound, between $96,000 and $100,000, as China announces retaliatory tariffs on US imports. While BTC showed strong resilience trading above key levels, volatility remains elevated as tariff-related headlines continue to drive market sentiment. Going forward, a major catalyst would be Friday's U.S. employment report. A softer number could have investors pricing the Fed’s rate cuts back into the outlook, triggering a relief rally. To fully regain bullish momentum, Bitcoin must reclaim the $103,600 mark, a resistance level that previously restricted upward moves.”
CoinSwitch Markets Desk noted, “Bitcoin had a volatile day, briefly crossing $100,000 after President Trump eased trade tensions by pausing tariff threats on Canada and Mexico. The rally, however, didn’t last long. China hit back with new tariffs on U.S. goods, including coal, LNG, crude oil, and certain vehicles, reigniting trade war concerns.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “The crypto markets remain volatile as regulatory and geopolitical forces collide. The newfound bipartisan committee shows increased oversight whilst China's retaliatory tariffs on U.S. goods continue to add to global economic uncertainty. Bitcoin now showing bearish trend with the ongoing trade chaos piled on already from regulatory fears. With $485M liquidations, while the history suggests the second euphoric cycle. Traders must trade carefully, as the global circumstances can turn sharply on their heads led by unexpected volatility.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Currently Bitcoin is trading at $98,000. The U.S. tariff war caused a sharp downturn in the crypto markets, with Bitcoin (BTC) dropping below $91,500 after briefly staying above $102K. While BTC has tried to hold the crucial support range around $99K, bearish sentiment lingers, and fractals remain negative. Despite some strength, low spot volume and reduced volatility signal caution. The recent CME gap closure at $100K hints at a potential big move ahead. However, the MACD and Bull Market Support Band suggest a bearish crossover could push BTC to $86K. A bullish continuation is possible if BTC holds the $96,475–$99,360 range and breaks the $102K supply wall.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin (BTC) has faced renewed selling pressure, dropping below $100,000 amid escalating trade tensions between the U.S. and China. This drop comes in response to renewed selling pressure following China's retaliatory tariffs against the United States. Specifically, Beijing has imposed a 15% duty on U.S. coal and liquefied natural gas (LNG), alongside a 10% tax on crude oil, agricultural machinery, pickup trucks, and large-engine vehicles. This move follows the implementation of President Trump's 10% tariffs on Chinese imports.”
CoinDCX Research Team noted, “Bitcoin struggles below $100,000 as selling pressure continues to dominate while the bulls are defending key support. Bearish momentum has been confirmed across multiple timeframes, while the strong resistance is between $98,500 and $100,000, blocking the upward trajectory. Meanwhile, the other tokens within the top 10 continue to imply excessive pressure on the token, dragging the global crypto market cap by more than 2%. The long liquidation dropped significantly from a billion to nearly $300 million.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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