Author: Harolin

Crypto Price Today: Bitcoin surges 3%; Altcoin XRP, Etherium, others jump up to 11%. Here’s why?

On Wednesday, the price of bitcoin (BTC) increased by more than 3%, peaking at $65,758 around 1:00 PM India time. Since an attempt on the life of US presidential candidate Donald Trump, Bitcoin (BTC) has gained significant traction among investors due to increased inflows and optimistic feelings, with the former president's chances of winning the forthcoming election skyrocketing.

For Bitcoin, the last seven days' gains have increased by more than 11%.

The surge in BTC has also benefited major cryptocurrencies. Around this period, the following stocks had gains: Etherium (ETH), BNB, Tether, BNB, XRP (11%), Dogecoin, Cardano, Tron, Avalanche, and Shiba Inu. Toncoin, however, dropped more than 1%, making it one of the losers.

According to Edul Patel, CEO of Mudrex, Bitcoin is still rising and is currently trading at almost $65,000. Investors are taking advantage of the slump by flooding US spot Bitcoin ETFs with more money.

Monday saw lifetime net inflows into these ETFs reach $16 billion, and bulls in the market are now aiming for $71,500, according to his opinion. A clear break above the $66,500 barrier level would add more bullish impetus. With support established at $64,250, the next significant resistance is at $67,200, according to Patel.

Even after Mt Gox decided to relocate 91,755 BTC, valued at $5.8 billion, the price of BTC remained over $65K and was unaffected by the event.

Since their January introduction, spot Bitcoin ETFs have drawn inflows totaling over $16 billion, with $300 million added already this week alone, according to CoinSwitch Markets Desk. According to the paper, despite fluctuations in Bitcoin values, the funds—which are led by BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund—have consistently seen inflows, demonstrating substantial investor demand for regulated bitcoin exposure.

With the long negative run of the Sam Altman-related token coming to an end, worldcoin's WLD (+20%) continued to be the day's top mover.

"It's encouraging to see such liquidity in Bitcoin; it has given market participants greater confidence." For Bitcoin, the market is currently maturing. It is going through a cycle where we can observe its response to significant sell-offs. As of right now, it's working nicely," said Nischal Shetty, co-founder of Shardeum.

Crypto Price on February 6: Bitcoin continues to trade above $43,000, but altcoins are mixed

Leading cryptocurrency tokens, including Bitcoin, Ethereum, BNB, and Chainlink, were trading slightly higher on Monday. In the past day, the value of the worldwide cryptocurrency market cap increased by 0.23% to over $1.64 trillion. Ethereum was up 0.8% at $2,307, while Bitcoin was up 0.5% at $43,037. Other altcoins had increases of up to 6%, including Internet Computer, BNB, Solana, Dogecoin, Tron, Polkadot, Polygon, and Toncoin. In contrast, Litecoin, Avalanche, XRP, Cardano, and Shiba Inu all had declines. Bitcoin has been in a range, circling the $43,000 mark, which appears to be strengthening as support. The Crypto Fear & Greed Index, which measures investor mood, remained positive throughout the weekend, maintaining a score of 60/100. The cryptocurrency market saw a slight decline over the weekend. Bitcoin remained inside the $41,000–$45,000 area, indicating some moving average support. A significant rising trend can start after $45,000 is cleared. The halving is one good factor that contributes to the bright outlook for BTC. With a slight decline, ETH is currently trading between $2,175 and $2,400. Although it's below important moving averages, recent events like the Dencun upgrade and rumors of the approval of an ETH spot ETF are encouraging. At $3.95 billion, the overall volume of DeFi represents 11.28% of the 24-hour volume in the entire cryptocurrency market. According to data accessible on CoinMarketCap, the overall amount of stablecoins is currently $30.64 billion, or 87.43% of the entire 24-hour volume of the cryptocurrency market. The largest cryptocurrency in the world, Bitcoin, saw a rise in market capitalization to $845 billion in the past day. Currently, 51.18% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of Bitcoin dropped 25.66% to $15.3 billion in the previous day.

BITCOIN RECRUITMENT 5%, CRYPTO MARKET SUCCESS 34%: CRYPTOCURRENCY PRICES TODAY!

Analytics Insight presents the top 10 current cryptocurrency prices on July 28, 2022 Crypto investors can get relief from constant crypto crashes in the most popular cryptocurrencies and crypto market. Bitcoin reached 23 thousand USD, while the market capitalization of cryptocurrencies reached 1 trillion USD after a long time. So here is a list of top ten cryptocurrency prices that bring significant profit in crypto wallets by making smart decisions. At the time of writing, Analytics Insight lists the top 10 current cryptocurrency prices on July 28, 2022. Bitcoin (BTC) - $23,130.29 (up 0.00%) Ethereum (ETH) - $1,639.85 (down 0.47%) Tether (USDT) - $1.00 (down 0.00%) USD Coin (USDC) - $0.9999 (down 0.00%) Binance Coin (BNB) - $268.47 (down 0.35%) Binance USD (BUSD) - $0.9994 (up 0.01%) XRP (XRP) - $0.3584 (down 0.04%) Cardano (ADA) - $0.5071 (down 0.61%) Solana (SOL) - $39.82 (up 0.10%) Dogecoin (DOGE) - $0.06655 (down 0.32%) According to CoinMarketCap, the global crypto market capitalization is $1.06t with a volume of $91.75 billion in the last 24 hours, an increase of 50.77%. Disclaimer: The information provided in this article is the opinion of the author only and not investment advice - it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial advice. Do your own research and consult a financial advisor before making any investment decisions.