The crypto price on February 01, 2025 has reflected mixed performances under the influence of various macroeconomic factors. While Bitcoin (BTC) went a little down to $102,000, Ethereum (ETH) and many meme coins were on the upsurge. Most notably, QTUM stood out with a rise of 40% in value.
Current Market Dynamics
The crypto market is responding to the most recent release of PCE inflation data, which reported a 12-month growth rate of 2.6% for December (year-over-year). That economic environment drove the drop in Bitcoin and a broader drop in the cryptocurrency market cap worldwide by 1.3% lower to $3.49 trillion.
Despite the downward movement of Bitcoin, Ethereum and the popular meme coins DOGE, SHIB, and PEPE are showing a positive price trend. This might be due to the speculative interest of traders. Moreover, the global market volume jumped nearly 16% intraday to $121.57 billion.
Crypto Price on February 01, 2025
1. Bitcoin (BTC):
- Current Price: $102,273
- 24-Hour Change: -2%
- Price Range: Low of $101,543.88 and high of $106,026.35
- Market Dominance: 58.08%, down by 0.16%
Bitcoin’s last few days reflect volatility as interest from institutions decreased, and the overall macroeconomic headwinds are still going on. U.S. spot Bitcoin ETF inflow was just at $241.28 million in the last week.
2. Ethereum (ETH):
- Current Price: $3,290
- 24-hour change: +2%
- Low price: $3,214.94, high price: $3,437.57
Due to the larg-scale buying activity from big holder (whales), the Ethereum has significantly benefited from it. Still, it faced outflows of $73.29 million in U.S. Ethereum ETFs in the last week.
3. XRP:
- Current Price: $3.04
- 24hr Change: -2%
- Price Range: Low of $3.01 and high of $3.11
XRP has witnessed a minor downward trend in price over the past day.
4. Solana (SOL):
- Current Price: $231
- 24hr Change: -2%
- Price Range: Low of $228.48 and high of $241.67
The performance of Solana is exactly like the broader market, that is, having a significant decline.
Meme Coin Performance
The meme coin market is quite positive with following gains:
- DOGE: +0.5%, trading at $0.3279
- SHIB: +2.5%, hitting $0.00001903
- PEPE: +7.5%, trading at $0.0000138
These gains show the interest of investors in meme coins despite the general market downturn.
Top Crypto Gainers and Losers
|
Top Gainers |
Price | 24-Hour Gains |
| QTUM | $3.98 |
+40% |
|
Pudgy Penguins (PENGU) |
$0.01639 | +13% |
| LidoDAO (LDO) | $2.30 |
+12% |
|
Neo (NEO) |
$14.93 |
+10% |
|
Top Losers |
Price | 24-Hour Loss |
| Fartcoin (FARTCOIN) | $0.8936 |
-14% |
|
Official Melania Meme (MELANIA) |
$1.84 | -10% |
| SPX6900 (SPX) | $1.17 |
-8% |
|
Onyxcoin (XCN) |
$0.03169 |
-7% |
Despite losses in some individual tokens, analysts are still optimistic about the general bullish potential of the crypto market.
Also read: Crypto Marketing Trends to Watch in 2025
Personal Analysis
The current situation of the cryptocurrency market shows an interesting dichotomy between established coins such as Bitcoin, and Ethereum versus new arrivals and meme coins that are becoming popular thanks to speculative trading activity. The mixed price/movement effects seem to indicate that, while macro environment is affecting major cryptocurrencies negatively, there is still a high degree of investor interest towards other cryptocurrencies as alternative assets.
The performance of QTUM is outstanding, which suggests that there are opportunities for substantial gains even when larger cryptocurrencies face headwinds; this could be a signal for investors to diversify their portfolios beyond traditional leaders like BTC and ETH.
Also, the resilience demonstrated by meme coins reflects a changing investor sentiment in times of uncertainty towards riskier assets in a more stable coin, which is an important trend to watch, as it could be an evolving strategy among retail investors.
(Source: Coingape)
