Since early February, the Bitcoin exchange rate has fluctuated between $100,000 and about $95,000. At the time of writing, Bitcoin is quoted at $95,470, representing a 1% decline over the past 24 hours. On a weekly basis, Bitcoin has actually suffered a loss of 17% - the largest decline in this period.

Bitcoin dominance rises, Ethereum loses ground

Bitcoin's dominance in the crypto market currently stands at 60%. Meanwhile, Ethereum has lost market share: the second-largest cryptocurrency saw its share of the sector drop 5% from last year and now stands at just 10%. For now, a so-called "Altcoin Season," in which alternative crypto currencies outperform Bitcoin, remains out of the question.

Memecoins and AI tokens under pressure

The hype surrounding memecoins such as Dogecoin (DOGE), Shiba Inu (SHIB) and Trump (TRUMP) seems to be over for now. These popular tokens, based on dogs, cats and political figures, have suffered losses of up to 17% in the past seven days.

The AI sector within crypto is also being hit hard. Projects such as NEAR and Internet Computer (ICP), which previously benefited from the rise of artificial intelligence, are facing firm corrections. Possible causes of this are discussed in a recent analysis on DeepSeek, a Chinese AI innovation that could change the crypto world.

Market sentiment: fear dominates crypto investors

According to the Fear & Greed Index, which measures crypto market sentiment, there is currently fear among investors. This negative market sentiment was last observed in October 2024.

ApeCoin Token Unlock on the way

Today, investors look forward to a Token Unlock of ApeCoin (APE), the crypto currency linked to the NFT project Bored Ape Yacht Club (BAYC). In the past, APE's price often rose prior to such a token release, but then followed a sharp correction.

What does this mean for Bitcoin?

For investors, the question remains: what price levels are important for Bitcoin right now? Today's market analysis discusses whether the optimistic prediction for February this year will come true - or whether the market will remain on hold for now.