The cryptocurrency market exhibited a jittery and volatile session on Thursday, February 6, with mixed performances across major assets. The global market capitalization stood at $3.21 trillion, reflecting a slight 0.26% decrease over the past 24 hours. Total trading volume saw a significant 37.59% drop to $120.36 billion, with stablecoins accounting for a dominant 93.23% share at $112.21 billion.
Bitcoin (BTC) continued its rangebound trading, declining 0.64% to $97,547.53. The coin oscillated between a daily low of $96,174.83 and a high of $99,113. According to Coinglass data, BTC recorded liquidations worth $36.12 million in the past day. Bitcoin's market dominance dipped slightly by 0.15% to 60.33%. The session was punctuated by a social media post from Eric Trump, son of former US President Donald Trump, who tweeted, "Feels like a great time to enter #BTC! 🚀"
In a notable divergence from the broader trend, Ethereum (ETH) surged over 3% to $2,822.97, despite a 36% drop in trading volume to $30 billion. The rally was supported by strong institutional inflows. Data showed Ethereum funds experienced their third-largest day of inflows since launch on February 4, 2025, with net inflows totaling $307.77 million. BlackRock's iShares Ethereum Trust (ETHA) was the leading contributor, accounting for the majority with $276.16 million.
Among other major altcoins, XRP was the top loser in the top 10, dropping close to 3% to trade at $2.44. Solana (SOL) mirrored the broader market's volatility, falling over 1.5% to $201.62, with its trading volume down 47% at $3.66 billion.
The session's standout gainer was the OFFICIAL TRUMP (TRUMP) memecoin, which led the top gainers with a 5.66% surge, raising its price to $18.98. Other notable gainers included Monero (XMR), up 5.05%, Lido DAO (LDO), up 4.42%, Ethereum Name Service (ENS), up 4.09%, and Litecoin (LTC), up 3.81%.
On the losing side, Pudgy Penguins (PENGU) faced the largest decline, slumping 11.72%. Other significant losers were Ethena (ENA), Kaspa (KAS), Virtuals Protocol (VIRTUAL), and Sui (SUI), all down between 6.9% and 7.4%.
