Cryptocurrency Price Today: Bitcoin On Slow Decline, SingularityNET Gains Over 40 Percent
Cryptocurrency price on February 7 quick take: The global market cap stood at $1.06 trillion on Tuesday.
Bitcoin (BTC), the world’s oldest cryptocurrency, is on a slow-and-steady decline as the coin dwelled within the $22,000 range early Tuesday morning. Ethereum (ETH), on the other hand, is managing to remain steady within the $1,600 range over the last few days. Other popular altcoins — including the likes of Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) — saw a mix of reds and greens across the board. The SingularityNET (AGIX) token remained the top gainer for the second consecutive day, seeing an impressive 24-hour jump of over 40 percent.
The global crypto market cap stood at $1.06 trillion at the time of writing, registering a 24-hour loss of 0.01 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $22,892.54, registering a 24-hour loss of 0.13 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 19.58 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,632.83, marking a 24-hour gain of 0.32 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.37 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour loss of 0.89 percent, as per CoinMarketCap data, currently priced at $0.09083. As per WazirX, Dogecoin price in India stood at Rs 7.89.
Litecoin (LTC) price today
Litecoin saw a 24-hour gain of 3.40 percent. At the time of writing, it was trading at $99.36. LTC price in India stood at Rs 8,488.
Ripple (XRP) price today
XRP price stood at $0.39, seeing a 24-hour dip of 1.11 percent. As per WazirX, Ripple price stood at Rs 33.40.
Solana (SOL) price today
Solana price stood at $23.10, marking a 24-hour loss of 1.33 percent. As per WazirX, SOL price in India stood at Rs 2,060.
Top crypto gainers today (February 7)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
SingularityNET (AGIX)
Price: $0.5662
24-hour gain: 40.39 percent
Frax Share (FXS)
Price: $12.61
24-hour gain: 26.37 percent
Fetch.ai (FET)
Price: $0.507
24-hour gain: 20.37 percent
Render Token (RNDR)
Price: $1.99
24-hour gain: 11.29 percent
Lido DAO (LDO)
Price: $2.25
24-hour gain: 10.01 percent
Top crypto losers today (February 7)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
UNUS SED LEO (LEO)
Price: $3.36
24-hour loss: 6.13 percent
Fantom (FTM)
Price: $0.5361
24-hour loss: 4.20 percent
IOTA (MIOTA)
Price: $0.2395
24-hour loss: 3.83 percent
1inch Network (1INCH)
Price: $0.553
24-hour loss: 3.62 percent
Basic Attention Token (BAT)
Price: $0.2767
24-hour loss: 3.49 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin traded sideways changing hands between $22,800 and $23,000 level in the past 24 hours. Despite the drop, BTC stayed within the range it has been trading in over the last couple of weeks and not far from the new year highs. BTC surged about a good percentage this year with a rise in investor confidence. However, the unexpectedly strong employment report on Friday has raised concerns among market participants. The second largest cryptocurrency, Ethereum, continued to trade above the $1,600 level. The next resistance lies at the US$1,650 level. However, it might take some more time for ETH to make a move as it has not gathered enough strength to do it.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin is trading at $22,700 with a 24-hour volume of $15 billion, a market cap of $449 billion, and is ranked #1 on CoinMarketCap. A potential drop to $22,400 is expected, and indicators show increased selling pressure, with a low possibility of $22,350 which acts as a support and resistance is near $23,250. If Bitcoin breaks the resistance then it turns out to be bullish.”
Kunji founder Anurag Dixit offered his take, “Genesis Trading, Gemini, and Digital Currency Group (DCG) have reached an agreement in a bankruptcy court to acquire certain assets of LedgerX, a cryptocurrency derivatives platform. The companies released a statement saying that this stipulated agreement would allow them to move forward with the acquisition process. The details of the agreement were not disclosed but progress is being made to ascertain relief to the maximum possible shareholders and creditors. A lot of background developments and shakeups continue to create volatility in the space along with the ever-changing macroeconomic factors."
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market remained relatively flat as investors are eagerly waiting for the Fed chief speech this week. BTC was down 0.15 percent and is trading at $22,879 while Ether is up by 0.36 percent and is trading at the $1,632 level. The unemployment rate is below 4 percent and inflation showing strong signs of cooling down we can expect some relief for the markets in the coming weeks.”
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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