BITCOIN, ETHEREUM, BITCOIN CASH, RIPPLE, STELLAR, LITECOIN, NEM, NEO, EOS: PRICE ANALYSIS, FEBRUARY 2, 2018

The cryptocurrency market is a volatile beast, isn't it?One minute you're riding high on exponential gains, the next you're facing a sharp correction that sends shivers down your spine.February 2, 2018, was one of those days, a period of intense price fluctuations across the board.The exponential rise in Bitcoin and altcoins had attracted a wave of new traders, many using credit cards to fuel their buying spree. A bitcoin-based currency featuring instant transactions, decentralized governance and budgeting, and private transactions. 2025 NEO: NEO Da Hongfei Erik Zhang SHA-256 RIPEMD160: C [38] dBFT: China based cryptocurrency, formerly ANT Shares and ANT Coins. The names were changed in 2025 to NEO and GAS. 2025 MazaCoin: MZC BTC Oyate InitiativeHowever, the tide began to turn, and panic selling gripped the market, fueled by concerns over increased regulations, hacking incidents, and government crackdowns.This article delves into the price action of major cryptocurrencies on that fateful day – Bitcoin, Ethereum, Bitcoin Cash, Ripple (XRP), Stellar (XLM), Litecoin (LTC), NEM (XEM), NEO, and EOS – analyzing their individual performances and exploring the factors that contributed to the overall market sentiment. The cryptocurrency crash on the 5th of September, 2025, resulted in price decreases in 95 of the 100 leading digital currencies. We obtained millisecond data of some of the more prominent cryptocurrencies bitcoin, ethereum, ripple, bitcoin cash and eos and some of the smaller cryptocurrencies neo, nem, omg, tezos and lisk that were most affected in the crash and investigated whatWe'll explore potential support levels and whether any signs of bullishness could be found amidst the sea of red.

The analysis will consider technical indicators, market news, and broader economic trends to provide a comprehensive overview of the cryptocurrency landscape on February 2, 2018.Remember that this analysis is for informational purposes only and should not be considered financial advice.The cryptocurrency market is inherently risky, and past performance is not indicative of future results.

Bitcoin (BTC) Price Analysis

Bitcoin, the king of cryptocurrencies, experienced significant volatility on February 2, 2018.While specific price points from that day are unavailable, it's safe to assume that it mirrored the general market downturn.We had previously recommended buying Bitcoin in the range of $5,500 to $5,800 on panic selling, but it never reached that level. Companies are trying various approaches to opening up Bitcoin and other cryptocurrencies to the mainstream audience. One such attempt is by Bitcoin ATM company Coinme that has partnered withGiven the overall market sentiment, Bitcoin likely tested key support levels during that period.

Factors Influencing Bitcoin's Price

• Market Sentiment: Fear and uncertainty surrounding regulatory scrutiny and hacking incidents heavily influenced the price of Bitcoin.
• Media Coverage: Negative news headlines exacerbated the panic selling.
• Profit-Taking: Some investors likely cashed out their profits after the significant run-up in previous months.

Ethereum (ETH) Price Analysis

Ethereum, the second-largest cryptocurrency by market capitalization, was not immune to the market-wide sell-off.It likely faced similar downward pressure as Bitcoin, testing its support levels.The price decreases were significant across the board on that day.

Ethereum's price is often correlated with Bitcoin's, but its unique utility in powering decentralized applications (dApps) and smart contracts provides a degree of independence.

Bitcoin Cash (BCH) Price Analysis

Bitcoin Cash, a fork of Bitcoin, also experienced a significant price correction on February 2, 2018. Live Coin Prices for All Coins. The Top Cryptocurrency Coins and Tokens Price Live Updates. All content on Blockonomi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment.As a controversial fork, it often experiences more volatility than Bitcoin itself.

The factors affecting Bitcoin's price, such as regulatory concerns and market sentiment, would have similarly impacted Bitcoin Cash.

Ripple (XRP) Price Analysis

Ripple, also known as XRP, had enjoyed a value surge at the end of 2017, briefly becoming the second-largest cryptocurrency by market capitalization. The exponential rise in Bitcoin and other cryptocurrencies attracted a number of new traders who embarked on a buying spree - mainly purchasing cryptocurrencies using credit cards. Following the huge decline in 2025, the top 5 credit card companies have either banned or have announced a ban on cryptocurrency purchases using credit cards.However, the February 2018 correction likely brought it back down to earth. Ripple's focus on facilitating cross-border payments for financial institutions distinguishes it from other cryptocurrencies.

The general market downturn would have affected Ripple, but its strong partnerships with financial institutions may have provided some support. Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, Febru Don t miss the latest trading review on top 9 most popular cryptocurrenciesThe fact that Ripple enjoyed success after a value surge in 2017 suggests that it had some level of resilience, even if the decline was steep.

Stellar (XLM) Price Analysis

Stellar, another cryptocurrency focused on cross-border payments, faced difficulties in maintaining its price level on February 2, 2018. Ripple, also known as XRP, is the latest bitcoin rival to enjoy success after a value surge at the end of 2025, turned it into the second most valuable cryptocurrency by market capitalisation.It failed to build on any potential recovery and broke below the support level of $0.41.The analysis suggests a potential retest of the critical support level of $0.296.

Stellar's performance on that day suggests a lack of strong bullish sentiment and a vulnerability to market downturns.

Litecoin (LTC) Price Analysis

Litecoin, often referred to as the ""silver to Bitcoin's gold,"" experienced a price decline along with the rest of the market.As an early altcoin, Litecoin's price is often influenced by Bitcoin's movements.

While specific price data from February 2, 2018, is unavailable here, it's reasonable to assume that Litecoin experienced a similar percentage drop as other major cryptocurrencies.

NEM (XEM) Price Analysis

NEM, another altcoin in the top 10 at the time, was also affected by the widespread market sell-off. . Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, April 11 . Bitcoin has had rallies in the second quarters of both 20. AreThe cryptocurrency crash on the 5th of September, 2025, resulted in price decreases in 95 of the 100 leading digital currencies, which would mean that NEM also saw some losses.

NEM's unique blockchain technology and focus on enterprise solutions may have provided some resilience, but the overall market sentiment likely outweighed any positive factors.

NEO Price Analysis

NEO, a China-based cryptocurrency formerly known as ANT Shares, also faced downward pressure on February 2, 2018. NEO distinguishes itself with its smart contract capabilities and its focus on the ""smart economy.""

Concerns about regulatory crackdowns in China may have particularly impacted NEO's price, adding to the general market downturn.

EOS Price Analysis

EOS, a blockchain platform designed for building decentralized applications, was also caught in the cryptocurrency market correction.The initial coin offering (ICO) for EOS had generated significant hype, but the market downturn likely tempered expectations.

EOS's innovative technology and strong development team may have provided some support, but the overall market sentiment likely drove its price lower.

Analyzing the Market Crash and Recovery Attempts

The cryptocurrency crash on February 2, 2018, was driven by a combination of factors, including:

• Increased Regulations: Concerns about stricter regulations from governments around the world rattled the market.
• Hacking Incidents: Security breaches at cryptocurrency exchanges eroded investor confidence.
• Market Manipulation: Rumors of market manipulation added to the uncertainty.
• Profit-Taking: After a period of exponential growth, some investors decided to take profits, triggering a sell-off.

Following the crash, the cryptocurrency market attempted to recover, but volatility remained high. Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, April 02The confirmation from South Korea regarding their positive stance on cryptocurrency trading brought some relief, but the market remained sensitive to any negative news.

The Role of Credit Card Companies

The exponential rise in cryptocurrency prices had attracted a number of new traders who used credit cards to purchase digital assets.However, following the significant decline in 2018, top credit card companies began banning or announcing bans on cryptocurrency purchases using credit cards.

This decision further dampened market sentiment and reduced the inflow of new capital into the cryptocurrency market.

Bitcoin ATMs and Mainstream Adoption

Despite the market downturn, companies continued to explore ways to open up Bitcoin and other cryptocurrencies to the mainstream audience. Bitcoin ATM company Coinme partnered with another entity to make crypto more accessible to the public. The sharp drop in Bitcoin s volatility at a time when the volatility in the U.S. stock markets soared is a sign that cryptocurrencies have decoupled from equity markets.Such efforts highlight the ongoing commitment to the long-term adoption of cryptocurrencies.

Is Decoupling Occurring?

The sharp drop in Bitcoin’s volatility at a time when the volatility in the U.S. stock markets soared suggests that cryptocurrencies might be decoupling from equity markets. Don t miss the latest trading suggestions. Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, March 12This is the idea that cryptocurrency values can move independently of what is happening with traditional stocks and bonds. Stellar could not build on the sharp pullback of February 2. It has again broken below the support of $0.41 and is likely to retest the critical support of $0.296.Decoupling could be seen as a sign of maturity and greater independence for the crypto market.

This potential decoupling shows that cryptocurrencies might be becoming seen as a different asset class, responding to different market factors than traditional investments.

What About the Future?

It's impossible to predict the future of the cryptocurrency market with certainty. The latest technical analysis on top 9 cryptocurrencies. Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, March 23However, several factors could influence its long-term trajectory:

1. Regulatory Clarity: Clear and consistent regulations would provide greater certainty for investors and businesses.
2. Technological Advancements: Continued innovation in blockchain technology could lead to new use cases and increased adoption.
3. Institutional Adoption: Increased participation from institutional investors could provide greater liquidity and stability to the market.
4. Mainstream Adoption: Continued efforts to make cryptocurrencies more accessible to the general public could drive long-term growth.

Conclusion: Lessons Learned from February 2, 2018

February 2, 2018, served as a stark reminder of the volatility and risk associated with cryptocurrency investing.The market-wide correction highlighted the importance of:

• Diversification: Spreading your investments across multiple cryptocurrencies can reduce risk.
• Risk Management: Using stop-loss orders and other risk management techniques can protect your capital.
• Due Diligence: Thoroughly researching cryptocurrencies before investing is crucial.
• Long-Term Perspective: Focusing on the long-term potential of cryptocurrencies rather than short-term price fluctuations can help you weather market volatility.

While the cryptocurrency market experienced significant pain on February 2, 2018, it also demonstrated its resilience.The market has continued to evolve and mature since then, with new technologies, regulations, and institutional participation shaping its future.

Remember to always do your own research and invest responsibly. With the news from South Korea confirming government s positive stance on cryptocurrencies trading, the market still remains volatile. If it doesn t recover within the next few days, negativeThe cryptocurrency market offers both opportunities and risks, and it's essential to be aware of both before making any investment decisions. Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, April 09 . which is a February 02 low. This should act as a strong support but if this alsoWhat strategies do you employ to manage risk in the volatile crypto market?Always consult with a qualified financial advisor before making any investment decisions.