Daily Crypto Market Update – February 2, 2026
Welcome to your daily crypto market briefing from GhostTerminal. Today, we focus on key altcoins XRP, XLM, HBAR, FLR, and XDC, alongside a quick overview of Bitcoin and Ethereum for context. Let’s explore what’s moving these tokens and what might come next.
Altcoin Highlights
- XRP (Ripple): Priced at $1.61, XRP saw a 3.29% decline in the past 24 hours. This dip follows broader market pressures as Bitcoin’s recent volatility influences altcoins. Ripple remains a popular choice for cross-border payments, and its strong network partnerships support long-term growth.
- XLM (Stellar): Stellar’s price dropped by 2.59% to $0.177. Stellar focuses on fast, low-cost transactions, especially for remittances and micro-payments. Despite the slight pullback, Stellar’s technology and adoption in emerging markets provide a solid foundation for recovery.
- HBAR (Hedera Hashgraph): At $0.091, HBAR decreased 1.40%. Hedera offers a unique distributed ledger technology called Hashgraph, known for high speed and security. The recent dip aligns with the market trend but fundamentals remain sound.
- FLR (Flare Networks): FLR saw a minor decline of 0.49%, trading at $0.00997. Flare aims to bring smart contract capabilities to tokens that don’t have them natively, like XRP. Its innovative approach could attract more developers and users soon.
- XDC (XDC Network): The standout performer today, XDC rose 5.73% to $0.03665. XDC focuses on enterprise blockchain solutions, particularly for trade finance. Growing interest in real-world applications is driving this positive momentum.
What’s Driving the Market?
Bitcoin’s recent price action remains a major influence on altcoins. Binance’s move to secure 1,315 BTC into its SAFU fund and plans to buy $1 billion worth of Bitcoin signal confidence from a major player. However, some Bitcoin ETF holders are feeling pressure from paper losses, which has contributed to short-term dips.
This mix of institutional activity and market sentiment explains the slight declines across most altcoins, while projects with strong use cases like XDC continue to gain ground.
Bitcoin and Ethereum Snapshot
- Bitcoin (BTC): Bitcoin is trading around $77,620, down about 1.68% in 24 hours. Despite the small pullback, Binance’s large BTC acquisition signals long-term confidence. Bitcoin’s role as the market leader means its price moves heavily affect the entire crypto ecosystem.
- Ethereum (ETH): Ethereum dropped 5.84% to $2,287.91. ETH’s price is feeling the pressure from Bitcoin’s volatility and some profit-taking ahead of potential upcoming network upgrades. Ethereum remains vital for decentralized apps and smart contracts, supporting its long-term value.
Price Action Outlook (Next 48 Hours)
Given current trends, XRP, XLM, HBAR, and FLR may experience moderate volatility but should hold key support levels thanks to their strong community and use cases. XDC’s positive momentum might continue as enterprise adoption news emerges.
Bitcoin’s institutional backing suggests potential stabilization or even a gradual rebound, which would likely lift altcoins. Ethereum’s path depends on network developments but remains a critical player in the space.
TL;DR
Most altcoins, including XRP, XLM, HBAR, and FLR, saw slight price dips influenced by Bitcoin’s recent volatility and market sentiment. XDC shone with a strong 5.7% gain, driven by enterprise blockchain interest. Bitcoin’s large-scale institutional moves hint at confidence ahead, while Ethereum navigates short-term pressure. Overall, expect some market swings but solid fundamentals support a positive outlook in the next 48 hours.
Stay informed and invest wisely!
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