Crypto Price on February 19: Bitcoin holds above $52,000; Polygon, Internet Computer jump up to 9%
Dogecoin.
At 11:40 a.m., Bitcoin was trading 1.2% higher at $52,311, while Ethereum was up 4% at $2,920. Meanwhile, the global cryptocurrency market cap surged 1.4% to around $1.97 trillion in the last 24 hours.
«Over the weekend, Bitcoin traded at the $52,000 mark, with a growing optimistic outlook. Bulls are showing patience in cashing out their profits, anticipating a sustained uptrend. If Bitcoin holds above the current price level, the next target is $55,000,» said Edul Patel, CEO of Mudrex.
«Ethereum exhibits a more bullish trend than BTC, witnessing a 15% gain in the last seven days and presently trading at $2,800. A close above $2,900 would set Ethereum up to face the next resistance at $3,000,» Edul said.
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View Details»Meanwhile, Shivam Thakral, CEO of BuyUcoin, said, «Bitcoin continues its strength as it tries to break the $53,000 resistance. Any breakout above should send the price to $60,000 in the short term.»
Altcoins such as Polygon and Internet Computer rose 6% and 9%, respectively. Solana, Dogecoin, Shiba Inu, Toncoin, Polkadot, and Cardano gained up to 2%.
The total volume in DeFi is currently $5.67 billion, 8.55% of the total crypto market 24-hour volume. The volume of all stablecoins is now $60.03 billion, which is 90.47% of the total crypto market 24-hour volume, as per data available on CoinMarketCap.
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