Cryptocurrency Price Today (February 6): Bitcoin Remains Below $98,000, Lido DAO Becomes Biggest Loser
Cryptocurrency price on February 6 quick take: The global market cap dipped to $3.21 trillion.
Bitcoin (BTC), the world’s oldest and most valued crypto, dwelled within the $97,000 range early Thursday. 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. Lido DAO (LDO) became the biggest gainer of the lot, with a 24-hour jump of over 7 percent. Pudgy Penguins (PENGU) became the biggest loser, with a 24-hour loss of nearly 13 percent.
The global crypto market cap stood at $3.22 trillion at the time of writing, registering a 24-hour jump of 0.39 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 $2,834.12 marking a 24-hour jump of 2.09 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 loss of 1.52 percent, as per CoinMarketCap data, currently priced at $0.2619. Dogecoin price in India stood at Rs 19.80.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 2.89 percent. At the time of writing, it was trading at $105.91. LTC price in India stood at Rs 8,052.41.
Ripple (XRP) Price Today
XRP price stood at $2.44, seeing a 24-hour loss of 3.95 percent. Ripple price in India stood at Rs 189.69.
Solana (SOL) Price Today
Solana price stood at $202.16, marking a 24-hour dip of 2.02 percent. SOL price in India stood at Rs 16,691.51.
Top Crypto Gainers Today (February 6)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Lido DAO (LDO)
Price: $1.79
24-hour gain: 7.02 percent
Monero (XMR)
Price: $235.94
24-hour gain: 6.88 percent
Ethereum Name Service (ENS)
Price: $28.23
24-hour gain: 6.31 percent
Official Trump (TRUMP)
Price: $18.87
24-hour gain: 6.29 percent
Ethereum (ETH)
Price: $2,845.65
24-hour gain: 4.69 percent
Top Crypto Losers Today (February 6)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Pudgy Penguins (PENGU)
Price: $0.01174
24-hour loss: 12.99 percent
Kaspa (KAS)
Price: $0.09009
24-hour loss: 7.72 percent
Virtuals Protocol (VIRTUAL)
Price: $1.32
24-hour loss: 6.02 percent
Sui (SUI)
Price: $3.39
24-hour loss: 5.59 percent
Celestia (TIA)
Price: $3.04
24-hour loss: 5.26 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Alankar Saxena, co-founder and CTO, Mudrex told ABP Live, “Bitcoin is holding steady at around $97,000 as investors carefully evaluate the current market conditions. While retail activity is subdued, institutional activity is picking up, with Bitcoin ETFs seeing over $350 million in net inflows over the past two days. This coupled with Blackrock’s plans to launch a new BTC exchange-traded product shows a renewed interest from institutions that could help Bitcoin maintain an upward momentum. Bitcoin now faces resistance at the $100,000 mark, with strong support at $95,800.”
CoinSwitch Markets Desk noted, “Bitcoin remains range-bound between $96,100 and $99,150, currently at $97,300 as bulls push to reclaim $100K while bears defend resistance. Meanwhile, Berachain is making headlines with a $632 million airdrop, launching its Proof-of-Liquidity Layer 1 mainnet today—another major event in the evolving blockchain landscape. On the corporate front, MicroStrategy (Nasdaq: MSTR) reported Q4 2024 earnings, reinforcing its aggressive Bitcoin accumulation and broader capital transformation. The company also launched Strategy.com, signaling a stronger focus on Bitcoin and AI.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin is showing resilience above $97,000. Optimism is that it will again trade above the psychological mark. What seems to be a crash is often a tactical reset for a future bull run. As dominance rises and fear takes hold of the market, long-term investors know there's an opportunity in volatility. While short-term bearish sentiment prevails, the long-term course for Bitcoin is still unwinding, and historical trends support pricing to find corrections above the current levels. Meanwhile, Ethereum's open interest suggests that credibility is returning, pointing to a decoupling from the trajectory of Bitcoin.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin’s price is holding steady around $97,000 on Wednesday after a 3.5% drop the day before. Analysts suggest the market is showing signs of caution, with traders on the Bitcoin CME maintaining a defensive position. A recent report highlights the importance of avoiding leverage during these uncertain times. With the volatility still in play, it’s crucial for investors to stay grounded and avoid making risky moves. The market's mood remains cautious, so careful, well-thought-out strategies are key if you’re planning to get involved.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin experienced a slight dip, trading below $97,000, countering a rally that followed a tariff-induced dip from earlier in the week. The momentum waned due to the absence of clear signals regarding a strategic BTC reserve by the White House. Despite this, Ethereum showcased notable resilience, recording gains exceeding 4% within the last 24 hours, reflecting its continued strength and investor confidence. Investors remain optimistic, forecasting that Bitcoin could reach a new high by 2025, citing its strong performance in 2024 and favourable macroeconomic conditions.”
CoinDCX Research Team noted, “The crypto markets continue to chop around the narrow range as the top tokens like Bitcoin, Ethereum, Solana, etc., have been stuck within the same range. In the meantime, Tether (USDT) reclaimed the 3rd spot in the top 10 crypto rankings by surpassing XRP, as it is constantly minting new USDT tokens and flooding into the market. Besides, Ethereum’s supply has grown by 455K since April 2024, returning to pre-London upgrade levels from 2021, ending its deflationary trend.”
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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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