Cryptocurrency Price Today: Bitcoin Nears $43,000 Mark, Dymension Gains Nearly 25%
Cryptocurrency price on February 7 quick take: The global market cap dipped to $1.63 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, remained within the $42,000 range early Wednesday. Other top coins, including the likes of — Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw minor gains and losses across the board. The Dymension (DYM) token emerged to be the biggest gainer of the lot, with a 24-hour jump of nearly 25 percent. Monero (XMR), on the other hand, became the biggest loser, with a 24-hour dip of over 27 percent.
The global crypto market cap stood at $1.65 trillion at the time of writing, registering a 24-hour gain of 0.37 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $42,901, registering a 24-hour gain of 0.22 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 37.75 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,361.77, marking a 24-hour gain of 2.07 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.07 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 0.21 percent, as per CoinMarketCap data, currently priced at $0.07849. As per WazirX, Dogecoin price in India stood at Rs 6.88.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.07 percent. At the time of writing, it was trading at $67.83. LTC price in India stood at Rs 5,888.
Ripple (XRP) Price Today
XRP price stood at $0.5044, seeing a 24-hour dip of 0.39 percent. As per WazirX, Ripple price stood at Rs 44.44.
Solana (SOL) Price Today
Solana price stood at $95.38, marking a 24-hour dip of 0.27 percent. As per WazirX, SOL price in India stood at Rs 8,322.01.
Top Crypto Gainers Today (February 7)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Dymension (DYM)
Price: $4.99
24-hour gain: 24.92 percent
WOO (WOO)
Price: $0.3549
24-hour gain: 5.90 percent
Ronin (RON)
Price: $2.67
24-hour gain: 5.26 percent
Synthetix (SNX)
Price: $3.24
24-hour gain: 4.80 percent
Pyth Network (PYTH)
Price: $0.4858
24-hour gain: 4.44 percent
Top Crypto Losers Today (February 7)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Monero (XMR)
Price: $120.06
24-hour loss: 27.82 percent
Frax Share (FXS)
Price: $9.15
24-hour loss: 9.40 percent
Flare (FLR)
Price: $0.02751
24-hour loss: 6.29 percent
Chainlink (LINK)
Price: $18.24
24-hour loss: 3.89 percent
Celestia (TIA)
Price: $17.27
24-hour loss: 3.42 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “After a few days of decline, Bitcoin rebounded, reaching $43,000 in the last 24 hours. BTC is currently consolidating above the $42,500 support zone but has not yet surpassed the $43,500 resistance, indicating a potential lack of momentum for a substantial upward movement. If BTC closes below the support level, a bearish trend may follow. Meanwhile, Ethereum is making efforts to stabilize above $2,328, with the next resistance at $2,400.”
CoinSwitch Markets Desk noted, “As BTC (+0.3%) continues to trade in the uptrend narrow channel, its volatility continues to be on the lower side. BTC has already printed five consecutive monthly green candles in the wake of the recent ETF and upcoming halving in April. It should be interesting to see if we see one more monthly green close as it has only happened once in the last 7 years. Facing headwinds, XMR saw a decline of 30% after Binance delisted the privacy token. According to @monero handle on X, the delisting is happening because the exchange requires all deposits to come from a publicly transparent address, which is not possible by design for a privacy coin like XMR. Its futures pair however will continue to trade as usual.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin recently fell below $43,000 amid swings in the US stock market, yet held resiliently above $42,000, supported by "buy the dip" sentiment. Despite rising US Treasury yields and Powell's remarks tempering rate cut expectations, Cathie Wood's bullish stance attributing Bitcoin as "digital gold" boosts investor confidence. Conversely, the approaching Hong Kong crypto exchange licensing deadline brings initial uncertainty, but underscores growing acceptance by regulators, potentially strengthening bitcoin's legitimacy and stability. Technical analysis shows Bitcoin facing resistance at $42,895 and support at $41,444, with RSI indicating balance and MACD indicating bearish pressure. Overall, Bitcoin's cautious market stance suggests optimism above $42,200, signaling potential upside momentum if it sustains or breaks through.”
Rajagopal Menon, Vice President, WazirX, said, “Bitcoin's pre-halving surge has overshadowed market sentiment related to the Federal Reserve's interest rate decisions. In recent weeks, increased activities on the Bitcoin network and growing use cases for BRC 20 have driven prices upward, despite uncertainty surrounding Genesis's asset sell-off. Bitcoin’s price movement is predicted to be stable with an increased inflow leading up to the pre-halving stage and ETF exposure. While the market is still moving sideways, it has managed to ward off volatility despite external conditions.”
Shivam Thakral, CEO of BuyUcoin, said, “The Crypto market has experienced a slight increase overnight with Bitcoin regaining $43,000 and Ethereum almost crossing $2400. Market data shows that institutional investors remain highly bullish on Bitcoin. Microstrategy, a business intelligence enterprise known for its strong Bitcoin support has reported the acquisition of an additional 850 BTC for $37.2 million and now holds a total of a staggering 190,000 BTC. At the same time,the Bitcoin spot ETF craze has not slowed down as BlackRock and Fidelity now own a combined of 138,489 BTC which is roughly worth around $5.9 billion in Bitcoin. All these moves only reflect positive institutional sentiments around Bitcoin before the halving.”
CoinDCX Research Team told ABP Live, “In the past 24 hours, the crypto market stayed stable, with ETH showing stronger performance compared to BTC, as indicated by the rising ETH/BTC pair. BTC continued to hover below the crucial resistance zone of $44,000-$45,000, remaining in a consolidation phase.ETH, on the contrary, approached the upper boundary of its range at $2,380, currently holding just below it. It's also above the 20 and 50 Exponential Moving Averages (EMA), which is a positive signal.”
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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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