Crypto Price Today: Bitcoin holds above $96,700; Altcoins trade mixed

Bitcoin (BTC) and other major cryptocurrencies traded mixed on Friday, February 14. BTC, XRP, Solana, Cardano, Stellar, and Dogecoin gained up to 3.7%, while Ethereum, BNB, Tron, Sui, Chainlink, and Avalanche declined, falling as much as 5%.

As of 12:05 pm IST, Bitcoin was up 0.45% at $96,749, while Ethereum dipped 0.4% to $2,699. The global cryptocurrency market cap remained steady at approximately $3.2 trillion, inching up 0.02% in the past 24 hours.

Edul Patel, CEO and co-founder of Mudrex, said, "Bitcoin is holding above $96,700 after finding support near $95,000. Higher-than-expected CPI and PPI data have raised inflation concerns, reducing the likelihood of a Federal Reserve rate cut in the first half of the year. However, BTC has shown resilience at key support levels. To maintain bullish momentum, it must break past the $98,000 resistance."


Vikram Subburaj, CEO of Giottus, noted. "Altcoins had a mixed session, with Ethereum, BNB, and Tron posting modest declines. Meanwhile, XRP gained 3% after Nasdaq filed with the SEC to list a CoinShares-backed XRP ETF. As Bitcoin consolidates, altcoins are expected to regain momentum gradually."

CoinSwitch Markets Desk, said, "With BTC trading around the 96500 USD mark for the 13th day in a row, it has become difficult for the bears to breach through this support and at the same time there are continuous lower highs forming in BTC - signalling towards a short term downtrend."

Also Read: The impact of macroeconomic factors on the crypto market in 2025

In the last 24 hours, Bitcoin’s market cap rose to $1.916 trillion. Bitcoin’s dominance now stands at 59.89%. BTC volume in the same period fell 28.3% to $34.86 billion. Meanwhile, stablecoins accounted for $94.33 billion of this volume, or 92.29%, according to CoinMarketCap.

Tech view by Sathvik Vishwanath, Co-Founder & CEO, Unocoin

Currently, BTC trades around $ 96,600. Escape over $ 100,000 could move prices towards 31 January maximum $ 106,012. However, the relative force index (RSI) at 44 signaries carries the momentum and gliding average convergence (MACD) shows the bear crossover, indicating a potential disadvantage. If the BTC closes below $ 94,000, it can further reduce and test psychological support of $ 90,000.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)