{"id":109129,"date":"2026-02-04T10:05:54","date_gmt":"2026-02-04T15:05:54","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=109129"},"modified":"2026-02-04T10:05:54","modified_gmt":"2026-02-04T15:05:54","slug":"crypto-prices-today-market-dips-to-2-59-trillion-as-profit-taking-resumes-and-macro-pressure-persists","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/crypto-prices-today-market-dips-to-2-59-trillion-as-profit-taking-resumes-and-macro-pressure-persists\/109129\/","title":{"rendered":"Crypto prices today: Market dips to $2.59 trillion as profit-taking resumes and macro pressure persists"},"content":{"rendered":"
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The total cryptocurrency market capitalization has declined to $2.59 trillion, marking a 2.49% drop over the last 24 hours. The pullback comes as traders resume profit-taking following yesterday\u2019s modest recovery, with broader market sentiment remaining cautious amid lingering macroeconomic uncertainty. While short-term bounces are still appearing across major assets, conviction remains weak and rallies continue to face selling pressure.<\/p>\n

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Bitcoin falls below $77,000 amid ETF outflows<\/h2>\n

Bitcoin is trading at $76,383, down 3.03% on the day, after failing to hold above the $78,000 level. Renewed selling pressure suggests short-term traders are reducing exposure as volatility remains elevated.<\/p>\n

From a technical perspective, immediate resistance sits near $77,800, with a stronger supply zone around the psychological $80,000 level. On the downside, Bitcoin is testing key support near $75,200. A sustained break below this area could open the door toward the next major demand zone near $72,500.<\/p>\n

Derivatives data reflects a cooling market. According to Coinglass, Bitcoin open interest stands at $50.91 billion, down 2.62%, indicating leverage reduction and position unwinding. Funding rates remain slightly positive at 0.0031%, suggesting a mild bullish bias but no aggressive long positioning.<\/p>\n

Spot Bitcoin ETFs recorded net outflows of $272.02 million, highlighting continued institutional caution as macro risks and rate expectations remain unresolved.<\/p>\n

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Ethereum slides under $2,300 as sellers defend rallies<\/h2>\n

Ethereum is trading at $2,270, down 3.09% in the last 24 hours. ETH has struggled to maintain levels above $2,350, with sellers stepping in aggressively on intraday rallies.<\/p>\n

Immediate resistance is located near $2,380, while a broader supply zone remains around $2,600. On the downside, initial support lies at $2,200, with a stronger base forming near $2,050 if market volatility intensifies.<\/p>\n

Ethereum derivatives open interest has dropped to $26.77 billion, down 5.70%, signaling reduced speculative activity. Funding rates are neutral at 0.0001%, reflecting balanced long and short positioning.<\/p>\n

In contrast to Bitcoin, spot Ethereum ETFs recorded net inflows of $14.06 million, indicating mild but steady institutional interest despite short-term price weakness.<\/p>\n

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Altcoins remain under pressure<\/h2>\n

Altcoins continue to underperform as risk appetite fades and capital concentrates in major assets.<\/p>\n

Solana (SOL) is trading at $98, down 6.29% in the last 24 hours. Immediate resistance lies in the $103\u2013$108 range, while support is clustered between $95 and $90. Network activity and validator economics remain key medium-term factors to watch.<\/p>\n

Avalanche (AVAX) is trading at $10.09, down 0.7% on the day. Resistance is seen near $10.80\u2013$11.50, while support sits around $9.70\u2013$9.20. Subnet adoption and institutional use cases continue to shape longer-term sentiment.<\/p>\n

Sui (SUI) is priced at $1.12, down 1.6%. Resistance stands near $1.20\u2013$1.28, while support lies around $1.05\u2013$0.98. Ecosystem expansion and developer activity remain critical drivers.<\/p>\n

Near Protocol (NEAR) trades at $1.19, down 0.53%. Immediate resistance is seen near $1.28\u2013$1.35, with support around $1.12\u2013$1.05. AI-related narratives and protocol upgrades continue to underpin longer-term interest.<\/p>\n

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Memecoins show mixed performance<\/h2>\n

Memecoins are showing selective strength despite broader market weakness.<\/p>\n

Pepe (PEPE) is trading at $0.000004260, up 0.28% in the last 24 hours. Resistance lies near $0.000004450\u2013$0.000004700, while support is seen around $0.000004050\u2013$0.000003800. Liquidity rotations and social sentiment remain key influences.<\/p>\n

Dogwifhat (WIF) is trading at $0.2514, down 1.22% on the day. Immediate resistance is located near $0.27\u2013$0.29, with support around $0.24\u2013$0.22. Price action continues to track Solana ecosystem flows and speculative positioning.<\/p>\n

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What does this mean for the crypto market?<\/h2>\n

The decline in total crypto market capitalization underscores ongoing selling pressure following recent volatility. Bitcoin holding above the $75,000 level remains critical to prevent a deeper downside move, while Ethereum must defend the $2,300 region to avoid renewed weakness spilling into altcoins.<\/p>\n

Until clearer macro signals or fresh liquidity catalysts emerge, the crypto market is likely to remain range-bound, with traders favoring selective opportunities rather than broad-based rallies.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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