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On February 10, 2025, Bitcoin (BTC) had a good day with several fluctuations whereas Litecoin (LTC) grabbed all the attention and emerged as the market's top gainer.
Performance of Bitcoin (BTC)
Bitcoin started to trade at a little above the level of $97,000, with a low daily change of 0.14% over the past 24 hours. The cryptocurrency's price fluctuated all throughout the day between $94,747 as the intraday low to a high of $97,652, which shows how pretty volatile it had been trading in throughout the day. This has been due to market expectations and fear of what is likely to be announced by the significant U.S. economic indicators in terms of CPI and PPI.
Altcoin Market Dynamics
The broader altcoin market was sensitive to Bitcoin's instability. ETH, the world's second-biggest cryptocurrency based on market capitalization, dropped by 1.21% to around $2,636. Other major altcoins, including XRP and Solana, had their price sway in consonance with the overall market flow.
Litecoin Turned Out to Be One of the Gainers
One of the few that were against the trend of the general market trend is Litecoin. This asset is appreciated by about 5%. During intraday trade, the asset recorded a price of $113.74 while closing at $113.34. The remarkable price surge considering the current uncertainties in the market, shows how strong this asset is.
Market Outlook
The heightened volatility in the current cryptocurrency market indeed calls for constant vigilance regarding macro-level developments that may impact the country's inflation status - scheduled U.S. CPI and PPI data which may have tremendous market implications on trajectories. Investors must be updated on these events and approach trading with caution.
In summary, February 10, 2025, saw mixed performance in the cryptocurrency market, with both Bitcoin and some altcoins seeing turbulence, but Litecoin was the exception with a remarkable gain.