The crypto market is facing one of the biggest dumps in recent times, according to CoinMarketCap. If this were a reality show, it would be the final episode, and everyone would be voting with their wallets.
BTC/USD
The rate of Bitcoin (BTC) has declined by 4.79% over the last 24 hours. If Bitcoin were a person, it would be sulking in a corner, muttering about “unfair market conditions.”
On the daily chart, the price of BTC has made a false breakout of yesterday’s bar’s low at $62,200. It’s like a toddler pretending to be a rock star-no one’s fooled, but everyone’s watching.
In this case, sideways trading in the range of $63,000-$70,000 is the most likely scenario. Because nothing says “confidence” like a price that’s too scared to jump but too proud to crawl.
Bitcoin is trading at $66,305 at press time. A number so precise, it’s probably calculating its own taxes.
ETH/USD
The rate of ETH has fallen by 6.7% since yesterday. Ethereum, the struggling sibling of Bitcoin, is clearly trying to outdo its cousin in the “I Can’t Catch a Break” competition.
From the technical point of view, Ethereum (ETH) is trading similarly to BTC. The rate of the main altcoin is below the psychological mark of $2,000. Until its breakout happens, traders may expect a further decline to the $1,700-$1,800 range. Because who needs hope when you can have a safety net of despair?
Ethereum is trading at $1,923 at press time. A number so close to $2,000, it’s practically holding its breath.
XRP/USD
XRP is the exception to the rule, rising by 0.92% over the last day. A tiny flicker of hope in a sea of despair. Or, as the market might say, “At least someone’s having a good day.”
On the daily time frame, the rate of XRP has bounced off the nearest support at $1.2543. However, buyers might need more time to accumulate energy for further growth. Because even the most optimistic investors need a coffee break.
XRP is trading at $1.3792 at press time. A number so small, it’s practically a secret handshake.
ADA/USD
The price of Cardano (ADA) has fallen by 3.7%. If ADA were a person, it would be the one who forgot their lines at a party and is now hiding in the bathroom.
Despite today’s growth, the rate of ADA remains under bears’ pressure. Bulls may start thinking about a possible bounceback only if the rate fixes above the nearest level at $0.2756. Because nothing says “I’m a bull” like waiting for a number to tickle your ego.
ADA is trading at $0.2634 at press time. A number so low, it’s practically a discount on regret.
SHIB/USD
SHIB has kept up with most of the other coins, going down by 4.49%. If SHIB were a car, it would be the one that’s stuck in traffic, muttering about “this is why I hate highways.”
On the daily chart, the rate of SHIB has made a false breakout of the $0.00000543 level. If the candle closes far from that mark, the bounce back may continue to the $0.00000650 area. Because even the smallest numbers have big dreams.
SHIB is trading at $0.00000604 at press time. A number so small, it’s practically a mathematical secret.
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2026-02-06 19:21