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Litecoin Takes the Spotlight While Bitcoin Defends $95K (Market Watch)
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Litecoin Takes the Spotlight While Bitcoin Defends $95K (Market Watch)
Feb 10, 2025 2:17 AM

Bitcoins price slipped below $95,000 for the first time in about a week, but the bulls managed to defend that level, and the asset jumped to as high as $98,000 a few hours later.

Most altcoins have had mixed performances over the past day, with BNB retracing hard while SUI is heading north. Litecoin has stolen the show.

BTC Defends $95K Slip

Last Monday morning was an all-out massacre in the cryptocurrency space following US President Trumps tariffs against three countries. BTC, which had already dumped from $106,000 to under $100,000 during the weekend, slumped within hours to just over $91,000 to mark a multi-week low.

The cryptocurrency bounced off hard, which was somewhat surprising, the skyrocketed to over $102,000 later that day, thus making another ten-grand move within hours. However, it failed to remain in the six-digit price territory and retraced to $96,000 almost immediately.

Another attempt to overcome that $100,000 mark was halted on Friday, and BTC was pushed south to a familiar ground $96,000. The weekend was calmer, but bitcoin dropped once again on Monday morning. This time, though, its losses were stopped at $95,000, and BTC even jumped to $98,000 but couldnt breach it.

Alicia BakeryCMO - A really good agencyDid you like this market update?

This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours! As of now, bitcoin trades with a minor daily increase, which has pushed its market cap to over $1.930 trillion on CG. Its dominance over the alts stands strong at 58.5%.

LTC Pumps

Binance Coin was the Sunday star of the cryptocurrency market, but its ascent was stopped, and the asset is now down by 5% to just over $600. The other larger-cap alts in the red today include ETH, XRP, DOGE, and XLM.

In contrast, SUI has gained over 3% in the past day and sits at $3.2. SOL, TRX, LINK, AVAX, and ADA are also with minor gains.

Litecoin has stolen the show today with a 10.5% surge that has pushed it toward $120. APT, TAO, and OM follow suit.

The total crypto market cap has remained at essentially the same spot as yesterday at just over $3.3 trillion.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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