Crypto Price on February 5: Bitcoin holds above $43,000; altcoins trade on mixed note
Bitcoin, Ethereum, BNB, and Chainlink. The global cryptocurrency market cap also rose 0.23% to around $1.64 trillion in the last 24 hours.
At 1:11 p.m., Bitcoin was trading 0.5% higher at $43,037, while Ethereum was up 0.8% at $2,307. Other altcoin such as BNB, Solana, Dogecoin, Tron, Polkadot, Polygon, Toncoin, and Internet Computer rose up to 6%. While XRP, Cardano, Avalanche, Shiba Inu, and Litecoin declined.
Bitcoin has been rangebound, hovering around $43k-level which seems to be building as a support. Investor sentiment continues to be bullish, as Crypto Fear & Greed Index maintained a score of 60/100 over the weekend, said Parth Chaturvedi, Investments Lead at CoinSwitch Ventures.
CoinDCX Research Team, said, «Over the weekend, the crypto market had a small dip. BTC stayed in the range of $41,000 to $45,000, showing some support from the moving averages. Clearing $45,000 could bring a strong upward trend. Positive factors like the halving make the outlook for BTC positive.»
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View Details»«ETH also had a mild dip and is in the range of $2,175 to $2,400. It's below key moving averages, but developments like the Dencun upgrade and speculation on an ETH spot ETF approval gives positive sentiments,» CoinDCX said.
The total volume in DeFi is currently at $3.95 billion, 11.28% of the total crypto market 24-hour volume. The volume of
