Bitcoin (BTC) Price Struggles to Surpass the $100,000 Mark, While Memecoins Like MELANIA (MELANIA) Spike

The selling pressure in the crypto market continued on 5th February with Bitcoin tying hard to surge above the $100,000 price mark. Bitcoin price hit the daily high of $100,677 and it is currently trading near $97,500.

The crypto market witnessed selling pressure on 5th February, with Bitcoin struggling to cross the $100,000 threshold. After hitting a daily high of $100,677, Bitcoin was trading around $97,500 at the time of writing.

Major altcoins, including SOL, BNB, SUI, LINK, and others, experienced significant volatility as the market recovered from Sunday’s dip. SOL's price surged to $218 earlier in the day but later dipped below $205, according to Coinmarketcap data.

While most leading crypto assets were in a downtrend, some memecoins spiked with a notable price uptrend. Both Dogwifhat (WIF) and Pudgy Penguins’ PENGU saw a surge of over 10% in the past 24 hours.

Today's standout was the MELANIA memecoin, which spiked by over 20% in the past 24 hours. It was trading at $1.7 with a market capitalization of $820 million.

Trending Crypto Today

MELANIA (Official Melania Meme)

XPR (XPR Network, Formerly known as Proton)

ALPHA (Alpha)

FORTH (Ampleforth)

AMP (Amp)

Top Daily Gainers

AMP (Amp): + 21%

Official Melania Meme (MELANIA): +20%

FTX Token (FTT): +13%

Pudgy Penguins (PENGU): +11%

Dogwifhat (WIF): +10%

The 24-hour total crypto trading volume was $174.5 billion, marking a 27% decrease compared to the previous day. The global crypto market cap stood at $3.21 trillion.

Read: Golden Age is Coming for Crypto: David Sacks