Crypto Price Today: Bitcoin holds above $97,000; Altcoins trade mixed
Bitcoin (BTC) and major crypto tokens traded mixed on Thursday, 6th February. While Bitcoin, XRP, Solana, Dogecoin, Chainlink, Sui, Stellar, and Hedera saw declines of up to 2.5%, Ethereum, BNB, Cardano, Tron, Toncoin, and Litecoin gained, rising as much as 4%.
As of 10:53 am IST, Bitcoin was trading 0.3% lower at $97,714, while Ethereum surged over 4% to $2,827. Meanwhile, The global cryptocurrency market cap fell by 0.48% to approximately $3.2 trillion in the past 24 hours.
«Bitcoin is consolidating around $97,000 after encountering resistance near $99,000. The asset continues to hold at current levels, with strong buying interest on dips below $97,000,» said Vikram Subburaj, CEO of Giottus.
«Ethereum outperformed the broader market with a 4% gain as validators approved an increase in block transaction capacity. While Bitcoin dominance remains firm above 61%, altcoins are expected to recover gradually as Bitcoin steadies within this range,» Subburaj added.
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View Details»Alankar Saxena, Cofounder and CTO of Mudrex, said, «Bitcoin is holding
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