Crypto Price on February 8: Bitcoin jumps above $44,400; Solana, Cardano gain up to 6%
Bitcoin, Ethereum, BNB, and Solana. The global cryptocurrency market cap rose 3.3% to around $1.71 trillion in the last 24 hours.
At 11:46 a.m., Bitcoin was trading 3.63% higher at $44,486, while Ethereum was up 2.52% at $2,421. Other altcoin such as BNB, Solana, Cardano, Avalanche, Polygon, Polkadot, Internet Computer, and Shiba Insu rose 3-6%. XRP, Dogecoin, Tron, and Toncoin gained 1-3%
«This fresh demand and volume for Bitcoin could be attributed to the Bitcoin ETF craze and positive sentiments around it. Over the next few weeks, altcoins can see potential upside with good volume after a decrease in Bitcoin dominance,» said Shivam Thakral, CEO of BuyUcoin.
Meanwhile, Vikram Subburaj, CEO of Giottus, said, «Bitcoin has successfully breached its $44,000 resistance and is looking to make a move towards $46,000 next.»
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View Details»The total volume in DeFi is currently at $4.53 billion, 8.31% of the total crypto market 24-hour volume. The volume of all stablecoins is now $50.82 billion, which is 93.3% of the total crypto market 24-hour volume, as per data available on CoinMarketCap.
In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, surged to $873 billion. Bitcoin's dominance is currently at 51.28%, according to CoinMarketCap. BTC volume in the last 24 hours increased 38.2% to $23.8 billion.
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