Cryptocurrency Price Today: Bitcoin Slides Below $22,000 As Market Sees Bloodbath
Cryptocurrency price on February 10 quick take: The global market cap stood at $1.02 trillion on Thursday.
Crypto prices saw a bloodbath early Friday morning, as top coins landed in the reds across the board. Bitcoin (BTC), the world’s oldest crypto, slid below the $22,000 mark, seeing a 24-hour dip of 3.38 percent. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw heavy losses. Render Token (RNDR) saw the biggest loss among the lot, with a 24-hour dip of over 13 percent. Rocket Pool (RPL) continued to be the top gainer for the second consecutive day, with a 24-hour jump of over 7 percent.
The global crypto market cap stood at $1.02 trillion at the time of writing, registering a 24-hour dip of 3.48 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $21,829.82, registering a 24-hour dip of 3.35 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 18.70 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,543.94, marking a 24-hour dip of 4.95 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.35 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour loss of 6.11 percent, as per CoinMarketCap data, currently priced at $0.08185. As per WazirX, Dogecoin price in India stood at Rs 7.30.
Litecoin (LTC) price today
Litecoin saw a 24-hour dip of 4.15 percent. At the time of writing, it was trading at $92.25. LTC price in India stood at Rs 7,930.07.
Ripple (XRP) price today
XRP price stood at $0.3852, seeing a 24-hour loss of 1.78 percent. As per WazirX, Ripple price stood at Rs 33.10.
Solana (SOL) price today
Solana price stood at $20.83, marking a 24-hour loss of 7.25 percent. As per WazirX, SOL price in India stood at Rs 1,965.
Top crypto gainers today (February 10)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Rocket Pool (RPL)
Price: $49.33
24-hour gain: 7.43 percent
Neo (NEO)
Price: $9.30
24-hour gain: 5.11 percent
Hedera (HBAR)
Price: $0.07375
24-hour gain: 2.50 percent
USDD (USDD)
Price: $0.9907
24-hour gain: 0.12 percent
Binance USD (BUSD)
Price: $1.00
24-hour gain: 0.03 percent
Top crypto losers today (February 10)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Render Token (RNDR)
Price: $1.41
24-hour loss: 13.35 percent
The Graph (GRT)
Price: $0.1496
24-hour loss: 12.51 percent
Axie Infinity (AXS)
Price: $10.19
24-hour loss: 11.00 percent
dYdX (DYDX)
Price: $2.55
24-hour loss: 10.25 percent
SingularityNET (AGIX)
Price: $0.4043
24-hour loss: 9.87 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Rising trading volumes combined with decreasing total market cap points to a sell-off. That is exactly what we have been witnessing over the past 24 hours across the cryptocurrency market. With Bitcoin struggling below the $22,000 mark, we can expect the rest of the market to fall lower. Over coming couple of days, we are expecting the market to remain volatile.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin price has immediate resistance at $22,750, with a potential drop to $22,300 or $22,000 if the closing candles are below this level. Technical indicators such as RSI and MACD are in the sell zone, leading to a possible decline in selling pressure and pressure towards the $21,500 level. Support at $22,750 and a close above this level could lead to a rally towards $23,350.”
Kunji founder Anurag Dixit offered his take, “Kraken's recent launch of staking and settlement services in Asia has created a buzz in the market, but the company's operations in the US have hit a roadblock with the SEC suing them over alleged violations in their crypto staking services. Despite this legal challenge, the value of liquid staking tokens continues to rise, highlighting the growing interest and investment in the crypto space. This is in line with the broader crackdown that crypto products and companies are facing at different levels in different jurisdictions. This incident also led to a pullback across the crypto markets yesterday."
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market cap slipped by almost 3 percent after fresh regulatory concerns spooked investors across the globe. The latest developments at Kraken and SEC had an immediate impact on the digital assets as BTC dropped below the $22,000 level and Ethereum lost its key support level at $1,600. It will be interesting to see the regulatory recourse for users in the coming weeks which will play an important role in building investor confidence around digital assets.”
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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