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.
Leave a reply