Crypto Price on February 22: Bitcoin holds near $52,000; BNB jumps over 7%
BNB. The global cryptocurrency market cap surged 0.47% to around $1.97 trillion in the last 24 hours.
At 12:50 p.m., Bitcoin was trading 0.3% higher at $51,825, and Ethereum was up 1.3% at $2,974. Meanwhile, BNB jumped 7.4%.
«Despite profit-booking by market participants, Bitcoin remains resilient above the $51,000 mark. The bears' efforts to lower the price have not succeeded, and Bitcoin stands firm above the $50,000 threshold. Immediate resistance is at the $51,800 level, followed by $52,400, with support at $51,200,» said Edul Patel, CEO of Mudrex.
Shivam Thakral, CEO of BuyUcoin, said, «The Crypto market has experienced significant volatility after Bitcoin surged to $53,000. Since then it has unsuccessfully tried breaking this resistance several times. A potential break out above $53,000 could push the price of the cryptocurrency to up to $58,000. However, the continuous rejection at resistance might lead to a pullback to $48,000 — $49,000 before the 4th halving.»
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Among other top altcoins, Cardano, Avalanche, Dogecoin, Polkadot, and Shiba Inu surged, while Solana, XRP, Tron, Chainlink, Polygon, Toncoin, and Internet Computer declined.
The total volume in DeFi is currently $5.86 billion, 7% of the total crypto market 24-hour volume. The
