$WIF and $TRUMP are in the news as they bounced the most in the last 24 hours. After the recent dump, cryptocurrencies are trying to recover. Here’s a daily overview of what happened in the last 24 hours.
The Fear and Greed Index reached a low score of 36, but the cryptocurrency market experienced high activity levels on February 5th, 2025. Market caution among investors has grown stronger since the index moved down to 36 from 43 a day ago and 52 from a week ago.
The entire crypto market reached $3.22 trillion while daily transaction volume reflected $169.51 billion. Bitcoin established itself as the market leader, with its price set at $97,870 alongside a 60.2% dominance rate of the market. The cryptocurrency market comprised Ethereum as its second-largest asset valued at $2,782 while having 10.4% market control. Decentralized finance participation remains active according to the total value locked in DeFi which exceeded $157.42 billion.
Price Movement: $WIF and $TRUMP Lead Gains
The leading daily asset performance belonged to $WIF because its price increased 11.33% following a small 2.09% decrease. Strong market demand and community-driven momentum or upcoming developments will likely sustain this upward trend of $WIF.
The coin $TRUMP experienced a 10.67% gain during the day, even after showing a subtle 1.15% decline. The substantial jump in the asset value demonstrates intense speculative demand that possibly emerged because of market events.
The price of $PENGU surged to 10.59% while $KAS increased by 10.50% despite previous price drops of 4.64% and 4.86% respectively and $LDO restored its value to 10.19% from its 4.11% decrease. Specific altcoin rebounds show signs of enhanced investor faith and reflect their ability to recover from previous losses.
Liquidation Activity: Ethereum Leads the Pack
A significant amount of liquidations occurred during the previous day through derivatives trading with Ethereum ($ETH) experiencing the largest at $129.20 million. Bitcoin ($BTC) registered $88.50 million in liquidations as the second cryptocurrency after Ethereum ($ETH) which displayed significant price volatility.
XRP experienced $16.50 million in liquidation activities despite its rising market activity while Solana ($SOL) reached $12.46 million and Dogecoin ($DOGE) reached $9.60 million in such actions. The statistics demonstrate that traders feel more comfortable taking risks due to which these assets experience sudden price fluctuations.
Investor Sentiment and Long-Short Dynamics
Market sentiments indicated caution through the Fear and Greed Index yet traders displayed conflicting bullish and bearish signals. The market equilibrium between Bitcoin trader positions indicated that 49.72% of traders held long positions against 50.28% of traders with short positions.
Binance traders showed equal distribution between long and short positions. The pricing speculation of short-term changes shows an equal distribution between bullish optimism and bearish cautious traders because of their continuous balance.
The Bigger Picture: Crypto Market Resilience
The cryptocurrency sector demonstrates sustainable growth despite industrywide market anxiety because it relies on market and financial potential to deliver substantial profit opportunities. Bitcoin represents the center of the market, but altcoins, including $WIF, $TRUMP, and $PENGU, prove their ability to produce significant gains in brief durations.
The market demonstrates resilience through its ongoing attraction to decentralized finance as displayed by the TVL of $157.42 billion. At only 1 Gwei Ethereum network users benefit from lower fees which increases network activity and expands transactions for a broader set of users.
Conclusion: Navigating a Fearful Market
The fear-driven market sentiment does not stop the crypto market from thriving through technological development alongside speculative behavior and the ability to rebound from challenges. The assets $WIF and $TRUMP show profitable potential alongside rising leveraged trading risks displayed through increased liquidations.
