Crypto Price on February 7: Bitcoin holds above $43,000; Ethereum, Tron rise up to 3%
cryptocurrency markets were traded marginally higher in Wednesday's trade, led by Bitcoin, Ethereum, Tron, and BNB. The global cryptocurrency market cap surged 0.67% to around $1.65 trillion in the last 24 hours.
At 11:26 a.m., Bitcoin was trading 0.65% higher at $43,016, while Ethereum was up 2.34% at $2,365. Other altcoin such as BNB, Solana, Dogecoin, Tron, Polkadot, Polygon, and Litecoin rose up to 3%. While XRP, Cardano, Chainlink, Toncoin, Shiba Inu, and Internet Computer declined.
The crypto market stayed stable, with ETH showing stronger performance compared to BTC, as indicated by the rising ETH/BTC pair, said CoinDCX Research Team.
«BTC continued to hover below the crucial resistance zone of $44,000-$45,000, remaining in a consolidation phase.ETH, on the contrary, approached the upper boundary of its range at $2,380, currently holding just below it. It's also above the 20 and 50 Exponential Moving Averages (EMA), which is a positive signal,» CoinDCX said.
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View Details»Meanwhile, CoinSwitch Markets Desk, said, «Ethereum (ETH) has shown strength in the last 24 hours, as it reached its 16-day high with its top layer-2s like OP and ARB following suit. This could also be an indication of a layer-2 rally that might come if ETH pumps further from here.»
The total volume in DeFi is currently $3.87 billion, 8.48% of the total
