Crypto Price Today: Bitcoin holds above $97,000; Sui, XRP drop up to 10%
Bitcoin (BTC) and major altcoins traded lower on Friday, February 7, with blue-chip crypto tokens, including Ethereum, XRP, Solana, Sui, and Dogecoin, declining by up to 10%.
The global cryptocurrency market cap also fell by 2.93% to approximately $3.14 trillion in the past 24 hours.
«Bitcoin has been range-bound between $97,000 and $98,000 over the past 24 hours, rebounding from a local low of $96,000 amid escalating U.S.-China trade tensions,» said Alankar Saxena, Cofounder and CTO of Mudrex.
«While BTC lacks the strength for a decisive move, technical indicators like the momentum oscillator suggest further upside if buying pressure strengthens. A breakout above the $98,500-$100,000 range could trigger bullish momentum, paving the way for a potential move toward $105,000 in the near term,» Saxena added.
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View Details»Vikram Subburaj, CEO of Giottus, said, «Bitcoin is holding above $97,000 after a mild recovery today, though buyer sentiment remains subdued. Technical indicators — RSI and MACD suggest consolidation could persist before Bitcoin attempts
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