Crypto Price Today Live: Bitcoin above $24,500; Ethereum, BNB rise over 7%
“Bitcoin hovered above the $24,000 level after trading lower for several days. This surge is due to investors liquidating their positions, pushing the price higher. Compared to its low point a month ago, BTC has increased by 61%. In the past 24 hours alone, BTC surged by more than 11%, reaching this level for the first time in two weeks.
If bullish investors maintain their momentum, BTC may reach US$25,000 soon. Overall, there is bullish sentiment in the market,” Edul Patel, Co-founder and CEO at Mudrex said.
Other top crypto tokens were also trading higher on Thursday. Polygon surged 9.6%. Solana, Cardano, Shiba Inu and BNB were also trading with gains. The global cryptocurrency market cap was trading higher around $1.11 trillion, rising 7.98% in the last 24 hours.
The total volume in DeFi is currently $6.65 billion, 8.92% of the total crypto market 24-hour volume. The volume of all stablecoins is now $67.66 billion, which is 90.85% of the total crypto market 24-hour volume.
The market cap of Bitcoin, the world’s largest cryptocurrency, was around $474.20 billion, with a dominance of about 42.61%, an increase of 1.07% over the day, according to CoinMarketCap.
“Market indicators continue to point to a neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 69.79, with a neutral outlook. The Stochastic (14, 3, 3) and the Average Directional Index (14) are at 73.43 and 36.57, respectively, further signalling a neutral market, similar to its behaviour as the previous day,” Rajagopal Menon, Vice President at WazirX said.”The MACD Level (12, 26), another important indicator of the market sentiment, is at 519.38, indicating a “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) is at 71.35 with a Neutral indicator, while the Williams Percent Range (14) at -7.27, signals “Sell”,” Menon added.
Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 12.56 hours, IST on February 16, 2023)
Bitcoin $ 24,555 10.85%
Ethereum $1,680 8.29%
Tether $1 -0.03%
BNB $320.55 7.53%
XRP $0.3991 4.19%
Dogecoin $0.08862 2.71%
Cardano $0.4065 5.46%
Polygon $1.35 9.11%
Polkadot $6.58 6.01%
Tron $0.0705 3.98%
Litecoin $100.98 4.68%
Shiba Inu $0.00001371 5.67%
Solana $23.62 9.14%
(Note: Price change in last 24 hours)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
