Crypto price on February 05, 2025 showed volatile movement after recently displaying signs of recovery. Bitcoin (BTC) price dropped to the $98K level over the past 24 hours, while altcoins including Ethereum (ETH), Solana (SOL), and XRP largely followed this downward trend.
However, the MELANIA meme coin emerged as a notable exception, defying market trends with double-digit gains.
Market Dynamics
Cryptocurrency markets faced a 2.84% decline in total capitalization ($3.22 trillion) accompanied by a 24.46% drop in trading volume ($193.74 billion). This occurred despite paused tariff announcements from the Trump administration that initially boosted sentiment.
Crypto Price on February 05, 2025
1. Bitcoin (BTC)
- Price: $98,054 (-3%)
- Range: $96,208.11–$100,826.91
- Liquidations: $123.44M (24hr)
- Dominance: 60.40% (+0.07%)
2. Ethereum (ETH)
- Price: $2,721 (-3%)
- Range: $2,636.17–$2,869.51
- Liquidations: $146.76M (24hr)
3. XRP
- Price: $2.51 (-7%)
- Range: $2.44–$2.73
- Pressure Point: Network validation issues highlighted by Ripple CTO David Schwartz.
4. Solana (SOL)
- Price: $207 (-4%)
- Range: $202.85–$218.30
Also read: Crypto Marketing Trends to Watch in 2025
Meme Coin Price
The key meme coins also saw dip in their price in the past 24 hours:
- DOGE: $0.2642 (-6%)
- SHIB: $0.00001593 (-2%)
- PEPE: $0.00001 (-4%)
Top Crypto Market Gainers Today
|
Coin |
Price | 24h Change |
| Official Melania Meme (MELANIA) | $1.68 |
+16% |
|
Sui (SUI) |
$3.67 | +4% |
| Pudgy Penguins (PENGU) | $0.01343 |
+4% |
|
Hyperliquid (HYPER) |
$25.58 |
+3% |
Top Crypto Market Losers Today
|
Coin |
Price | 24h Change |
| Ethena (ENA) | $0.5962 |
-9% |
|
Aerodrome Finance (AERO) |
$0.8903 | -8% |
| Jito (JTO) | $2.89 |
-7.5% |
|
Kaspa (KAS) |
$0.09811 |
-7% |
Personal Analysis
Three critical factors shaped today’s market:
- Macroeconomic Hesitation: The paused tariff decisions created uncertainty, delaying anticipated institutional moves into crypto markets despite initial optimism.
- Technical Pressures: XRP’s validation struggles and high ETH/BTC liquidation volumes ($270M combined) exacerbated downward momentum through forced position closures.
- Niche Resilience: MELANIA’s 16% surge highlights growing political meme coin narratives, while infrastructure projects like SUI and HYPER (+3%) demonstrated relative stability.
While short-term turbulence persists, the market’s $3T+ capitalization and ongoing developments in U.S. crypto policy suggest structural strength for sustained recovery cycles. Traders appear positioned for volatility, with derivatives markets seeing elevated activity despite spot price declines.
(Source: Coingape)
