Crypto News LIVE: The Bitcoin Price (BTC) zoomed past the $47,000 level before slight correction, amid hopes that the United States Securities and Exchange Commission (SEC) would announce the approval of spot Bitcoin ETF. Several applicants, however, received additional comments on their form S-1s, which was on the unexpected lines.
The crypto prices today suggest that the top digital currencies registered gains as Bitcoin (BTC) surpassed the $47,000 mark. Whilst, Ethereum surged past the $2,500 level and registered a significant upswing. Meanwhile, other top altcoins also registered significant gains further extending the rebound spree for XRP, Solana, Cardano and others.
Major Crypto Prices Today
The Bitcoin price gained significantly and sustained over $47,000. The Bitcoin price was up by 3.21%, reaching $47,409.13 at the time of writing on Saturday, Feburary 10. On the other hand, it’s trading volume soared by 35.45% to $36.43 billion in the last 24 hours. Meanwhile, the crypto held a market cap of $930.43 billion
In the altcoin space, the Ethereum price gained 2.55% to $2,510.03 at press time with market valuation of $301.56 billion. Moreover, ETH recorded a 24.37% increase in its trade volume, reaching $12.80 billion. Furthermore, the Binance Coin (BNB) price increased by 1.30% in value, reaching $325.10. Whilst, its 24-hour trade volume dipped by 4.91% to $1.03 billion.
The Solana price neared the $110 mark today. The Solana price was up by 5.66%, reaching $109.96. Furthermore, SOL witnessed a 23.18% hike in trade volume to $2.88 billion in the last 24 hours. Moreover, the XRP price extended the rebound spree and attained the $0.52 mark. The XRP price recorded an increase of 1.46%, settling at $0.526. In addition, XRP’s trading volume rose by 16.63% to $987.09 million.
Meanwhile, the Cardano price witnessed a gain of 1.43% to $0.5388 today. However, it recorded a 26.17% decline in its 24-hour trading volume, settling at $501.88 million. Turning to meme coins, the Dogecoin price gained 1.70% to $0.08171 while its rival, Shiba Inu, registered a 1.35% increase in value and traded at $0.000009439.
Also Read: Dogecoin Foundation Announces Ambitious 2024 Roadmap
Top Crypto Prices Today Are
Pepe Coin Gains 6%
The Pepe Coin (PEPE), a trending meme cryptocurrency, continued rebounding and gained over 6% today. At press time, the Pepe Coin price was up by 6.14% to $0.000001034 with a market valuation of $434.54 million. Furthermore, its 24-hour trade volume soared by 22.90% to $98.17 million.
Bonk Makes A Grand Comeback
Dogecoin and Shiba Inu’s competitor, Bonk had been experiencing a pullback lately, however, tabels have turned now. The Bonk price soared by 24.30% to 0.00001304 at the time of reporting with a market valuation of $827.02 million. Moreover, its trade volume skyrocketed by a whopping 394.51% to $278.13 million.
Sui Surges 13%
The much-hyped Sui (SUI) crypto witnessed a major uptick today. The SUI price increased by 13.04% to $1.77 at the time of reporting. In addition, its trade volume spiked by a staggering 123.96% to $641.45 million. Moreover, Sui recorded a high of $1.81 during the bullish run.
Also Read: Experts Forecast Ethereum Price Surge to $19,190 by 2030
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
As Bitcoin surges past the $46,000 mark and heads towards $47,000, the U.S. Spot Bitcoin ETF has seen a significant inflow of $405 million on February 8, according to data from BitMEX Research. This single-day influx of funds, the highest in this week, into the Bitcoin ETF coincides with the ongoing rally in Bitcoin’s price, sparking interest and speculation among investors and enthusiasts alike.
Bitcoin ETF Attracts $405 Mln Inflow
A recent report from BitMEX Research showed that the U.S. Spot Bitcoin ETF continued to attract notable inflow, despite facing challenges in the initial days. Meanwhile, data reveals that the Bitcoin ETF has garnered a total inflow of $2.11 billion since its launch on January 11.
Notably, on February 8 alone, the ETF saw an inflow of $405 million, equivalent to approximately 8,935 BTC. Leading the charge in terms of inflows are investment giants BlackRock (IBIT) and Fidelity (FBTC).
Since its inception, BlackRock ETF has attracted around $3.5 billion in inflows, while Fidelity has seen $2.81 billion flow into its ETF. On February 8, BlackRock noted an inflow of $204.1 million, with Fidelity recording $128.3 million in inflows.
However, the report also showed that the performance of Grayscale’s Bitcoin Trust (GBTC) has weighed on the overall market sentiment, with outflows totaling $6.33 billion since January 11 and $101.6 million on February 8.
Also Read: Space ID Crypto- Trader Moves 5 Mln ID To Binance As Price Soars 17%
Market Optimism Amid Bitcoin (BTC) Price Rally
The report of significant inflows into the Bitcoin ETF coincides with a period of heightened market optimism, as Bitcoin’s price rallies over 4% in the last 24 hours. Investors eagerly await the digital currency’s potential surge past the $47,000 mark. Notably, this recent rally has fueled speculation among enthusiasts, with some attributing it to a pre-halving rally.
Adding to the bullish sentiment is the surge in Bitcoin Futures Open Interest (OI), which has risen by 5.51% in the last 24 hours to reach 444.81K BTC or $20.74 billion, according to CoinGlass data. Leading the charge in OI growth is the CME exchange, which saw a surge of 9.79% to 117.23K BTC or $5.46 billion. Binance follows closely behind with a 5.78% increase to 109.76K BTC or $5.12 billion in the same timeframe.
As Bitcoin continues to capture the attention of investors and enthusiasts worldwide, the convergence of ETF inflows, price rallies, and increasing futures open interest underscores the growing confidence in the digital asset’s potential for further growth and adoption.
Meanwhile, the Bitcoin price was up 4.11% during writing and traded at $46,560.20 over the last 24 hours, its highest level since January 11. Its trading volume also witnessed a significant jump of 19% to $29.48 billion at the same time. Notably, the flagship crypto has touched a high of $46,712.05 and a low of $44,600.46 in the last 24 hours.
Also Read: Pi42 Launches DOGE, Cardano, AVAX, & LINK Pairs – What’s Next?
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The cryptocurrency market made a stellar comeback on Monday, with Bitcoin thundering past $47,000 for the first time in almost 2 years as anticipation grew about the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the US.
The OG cryptocurrency Bitcoin rose sharply from $43,280 in early morning trade in Asia to $47,193 — the highest level since April 2022 — during the US session, before paring some gains.
With institutional interest in Bitcoin on the rise, Bitcoin’s (BTC) price went up nearly 8% over the last 24 hours to $46,931. The market cap of Bitcoin rose to $919.5 billion while trading volumes jumped a whopping 103% to $43.2 billion over the last 24 hours.
Ethereum — the third largest crypto — followed a similar upward trend, gaining nearly 5.5% over the last 24 hours to $2,311. As of writing, Ether commanded a market cap of $277.9 billion while trading volumes stood at $13.2 billion, up 68% over the last 24 hours.
While Tether (USDT) prices largely remained flat, BNB price climbed 1.8% and XRP price rose over 2.3% in the past 24 hours. The remaining top 10 cryptocurrencies by market cap also rose sharply. Solana (SOL) rallied nearly 16% over the last 24 hours, Cardano (ADA) was up 11% while Avalanche (AVAX) surged over 14%.
Popular meme coins — Dogecoin and Shiba Inu — also saw their prices rising over the last 24 hours by 5.2% and 7.5%, respectively. The global crypto market was buoyed by the optimism, having surged over 7% over the last 24 hours to $1.72 trillion The fear and greed index level stood at 74, indicating investor sentiment was positive.
Top 3 Cryptos For Today
Pepe Price Rallies 11%
The price of Pepe Coin climbed 11% over the last 24 hours to $0.000001184, with its market cap standing at $498.3 million. Its trading volume over the last 24 hours went up over 1.5% to $86 million.
- Pepe Price Chart
SEI Price Jumps Over 17%
The Sei Network’s namesake token has seen a more than 17% increase in the last 24 hours. At press time, SEI’s price stood at $0.7224, with its market cap standing at $1.6 billion. The 24-hour trading volumes stood at $731.5 million, up more than 13% in the last 24 hours.
Lido DAO Gains 8%
The Lido DAO (LDO) token has been on a roll. In the past 24 hours, the LDO Price rose over 8% to $3.13, and the token was sitting at a market cap of $2.8 billion. However, trading volumes over the last 24 hours dropped over 4% to $169.2 million. Note that the token has appreciated over 26% in the past 30 days.
Also Read: Breaking: Bitcoin ETF Filers Unswayed By US SEC Comments On S-1s, Approval Ahead?
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Live
08:16:21 AM IST, 9 January 2024
Crypto News LIVE: WisdomTree Ticker Listed On DTCC
WisdomTree spot Bitcoin ETF, with the ticker $BTCW, is now listed on the Depository Trust & Clearing Corporation, following Invesco Galaxy’s Bitcoin ETF (BTCO) listing with the DTCC.
08:13:13 AM IST, 9 January 2024
Crypto News LIVE: Bitcoin ETF Approval Imminent?
People associated with the filings believe that the United States Securities and Exchange Commission (SEC) issuing additional comments on their form S-1s is not much to worry about, amid high hopes on the approval before January 10, 2024.
Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Bitcoin, Ethereum, Dogecoin Trade Mixed After Jobs Data: Analyst Predicts King Crypto To $47K Levels As Benzinga
Source link ]]>
Bitcoin struggled to gain momentum above $47,000 against the US Dollar. BTC started a fresh decline and dived to the $45,000 support zone.
- Bitcoin reacted to the downside after it formed a short-term top near $47,000.
- The price is trading below $46,000 and the 100 hourly simple moving average.
- There is a key bearish trend line forming with resistance near $46,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair must stay above the $45,000 support to avoid more downsides in the near term.
Bitcoin Price Trims Gains
Bitcoin price made another attempt to gain momentum above the $47,000 resistance zone. However, BTC failed to continue higher above $47,000 and reacted the downside.
There was a downside break below the $46,000 support level and the 100 hourly simple moving average. The price declined below the $45,500 support to move into a short-term bearish zone. However, the bulls are now defending the $45,000 support zone.
A low is formed near $45,048 and the price is now consolidating. On the upside, an immediate resistance is near the $45,450 level. It is near the 23.6% Fib retracement level of the recent decline from the $46,845 swing high from the $45,048 low.
The next resistance could be near $45,800 or $45,900. The 50% Fib retracement level of the recent decline from the $46,845 swing high from the $45,048 low is also near the $49,950 level.
Source: BTCUSD on TradingView.com
Besides, there is a key bearish trend line forming with resistance near $46,600 on the hourly chart of the BTC/USD pair. Bitcoin price must clear the $46,000 and $46,600 resistance levels to gain bullish momentum in the near term.
More Losses in BTC?
If bitcoin fails to clear the $46,000 resistance zone, it could continue to move down. An immediate support on the downside is near the $45,200 level.
The next major support is seen near the $45,000 level. A downside break below the $45,000 support zone could start a major decline. In the stated case, the price could even decline to $44,360 in the near term. The next major support might be $44,000.
Technical indicators:
Hourly MACD – The MACD is slowly losing pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is well below the 50 level.
Major Support Levels – $45,200, followed by $45,000.
Major Resistance Levels – $45,450, $46,000 and $46,600.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, CNBC’s Pippa Stevens breaks down the latest headlines about bitcoin’s price swings, and Elon Musk taking a board seat at Twitter, which caused the price of Dogecoin to spike. CNBC’s MacKenzie Sigalos also speaks with Cully Cavness of Crusoe Energy Systems about using excess natural gas to power crypto mining rigs.
“The Crypto Fear and Greed index has reached 60 which is classified as Greed – the last time it reached this level Bitcoin was around $60,000,” explained Marcus Sotiriou, analyst at crypto broker GlobalBlock, in an email to CoinDesk. The fear and greed index calculates investor sentiment, with “greed” readings leading to a high probability of an imminent correction and “fear” readings preceding a period of the uptrend.
Bitcoin started a fresh increase above the $45,000 resistance against the US Dollar. BTC even broke $47,000 and is showing positive signs.
- Bitcoin started a fresh increase after it broke the $45,000 resistance zone.
- The price is trading above $45,500 and the 100 hourly simple moving average.
- There is a major bullish trend line forming with support near $45,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could continue to rise and might even clear the $48,000 resistance zone.
Bitcoin Price Rallies 5%
Bitcoin price formed a support base above the $43,500 level. BTC started a fresh increase and was able to clear the key $45,000 resistance zone.
It opened the doors for more upsides above the $46,500 level. The price even jumped above the $47,000 level and settled above the 100 hourly simple moving average. A high was formed near $47,561 and the price is now consolidating gains.
Bitcoin tested the 23.6% Fib retracement level of the recent rally from the $44,468 swing low to $47,561 high. Besides, there is a major bullish trend line forming with support near $45,200 on the hourly chart of the BTC/USD pair.
On the upside, the price is facing resistance near the $47,200 level. The next major resistance could be near the $47,500 zone. A successful break and close above the $47,600 level might spark another increase. In the stated case, the price might even clear the $48,000 resistance level.
Source: BTCUSD on TradingView.com
The next major resistance could be near the $49,200 level. Any more gains could open the doors for a move towards the $50,000 level.
Dips Supported in BTC?
If bitcoin fails to clear the $47,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $46,800 zone.
The next major support is seen near the $46,350 level. The main support is near the $46,000 level or the 50% Fib retracement level of the recent rally from the $44,468 swing low to $47,561 high. A downside break below the $46,000 support zone could start a drop towards the $45,0s00 support.
Technical indicators:
Hourly MACD – The MACD is slowly losing pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now in the overbought zone.
Major Support Levels – $46,000, followed by $45,000.
Major Resistance Levels – $47,200, $47,500 and $50,000.
Bitcoin failed to clear the $52,000 resistance zone against the US Dollar. BTC is started a major decline and traded below the $50,000 support.
- Bitcoin made two attempts to clear the $51,800-$52,000 resistance zone but failed.
- The price is trading below $50,000 and the 100 hourly simple moving average.
- There was a break below a key bullish trend line with support near $51,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair is declining and could even dive below the $49,500 support zone in the near term.
Bitcoin Price Forms Bearish Pattern
Bitcoin price made another attempt to clear the $51,800 resistance zone. BTC spiked towards the $52,000 zone, where the bears took a stand. It seems like there is a double top pattern forming near $52,000.
A high was formed near $52,111 and the price started a fresh decline. There was a break below the $51,200 and $50,500 support levels. There was also a break below a key bullish trend line with support near $51,200 on the hourly chart of the BTC/USD pair.
The pair traded below the 50% Fib retracement level of the upward move from the $49,477 swing low to $52,111 high. Bitcoin is now trading below $50,000 and the 100 hourly simple moving average.
It is also trading below the 76.4% Fib retracement level of the upward move from the $49,477 swing low to $52,111 high. An immediate support is near the $49,500 zone. The first major support is near $49,000.
Source: BTCUSD on TradingView.com
A downside break below the $49,000 level could push the price towards the $48,800 support. Any more losses may possibly push the price towards the $47,500 support zone.
Recovery In BTC?
If bitcoin manages to stay above the $49,500 support zone, it could start a decent increase. An immediate resistance on the upside is near the $50,000 level.
The next key resistance could be $50,800 and the 100 hourly SMA. A clear move above the $50,800 resistance zone could start a fresh increase. The next major stop for the bulls may possibly be near the $51,800 level.
Technical indicators:
Hourly MACD – The MACD is slowly gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is well below the 50 level.
Major Support Levels – $49,500, followed by $47,500.
Major Resistance Levels – $50,000, $50,800 and $51,800.
✓ Share: