Crypto Price on February 9: Bitcoin rises above $46,000 mark; Cardano, Solana jump up to 5%
Bitcoin, Ethereum, BNB, Solana, and Cardano. The global cryptocurrency market cap rose 2.24% to around $1.74 trillion in the last 24 hours.
At 11:50 a.m., Bitcoin was trading 3.8% higher at $46,196, while Ethereum was up 1.15% at $2,450.
Other altcoins such as BNB, Solana, and Cardano surged 2-5%. XRP, Avalanche, Dogecoin, Polkadot, and Polygon rose up to 2%, while Tron and Chainlink declined up to 3%.
«In the past 24 hours, BTC displayed notable strength, breaking out of its range to reach $46,000. The current hold at this level, along with a solid close, adds to the bullish sentiment. The next key levels are $48,000 and $51,750, with support at the previous resistance of $44,400,» said CoinDCX Research Team.
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View Details»With BTC dominance rising, altcoins saw limited gains, waiting for stability in BTC and a shift in capital flow, CoinDCX added.
Meanwhile, Edul Patel, CEO of Mudrex, said that Bitcoin surpassed the $46,000 mark, driven by a surge in whale accumulation. Glassnode reports a 3.6% rise in Bitcoin wallets holding over 1,000 BTC from January 19th to February 6th. The heightened activity among whales suggests growing confidence in BTC's value as the halving event approaches.
The total volume in DeFi is currently at $4.56 billion, 7.72% of the total crypto market 24-hour volume. The volume of all stablecoins is now
