Bitcoin Tops $78,000 Before Pullback; Ethereum Above $2,300

HTX data shows ETH/BTC slid over 12% in a week as BTC trades near $75,500 and ETH holds around $2,200, reflecting sustained market volatility.

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Summary

HTX market data from February 4 indicates ETH/BTC fell to 0.02937, down 12% over the past week and 14.54% over 30 days. Bitcoin is trading near $75,500, while Ethereum remains around $2,200. This comes after sharp reversals reported earlier, when BTC briefly dropped to $72,917.8 before rebounding, and ETH fell to $2,108 before recovering. Coinank recorded $448 million in liquidations in 12 hours, underscoring ongoing volatility in cryptocurrency markets.

Terms & Concepts
  • BTC: Ticker symbol for Bitcoin, the first and largest cryptocurrency by market capitalization.
  • ETH: Ticker symbol for Ethereum, a blockchain network known for supporting smart contracts and decentralized applications.
  • ETH/BTC: A trading pair that measures the value of one Ethereum in terms of Bitcoin.