Cryptocurrency Price Today: Bitcoin Rises Above $45,000, BTT Becomes Top Gainer
Cryptocurrency price on February 9 quick take: The global market cap jumped to $1.74 trillion.
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to rise above the $45,000 mark early Friday. Other top coins, including the likes of — Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the greens across the board. The BitTorrent (NEW) (BTT) token emerged to be the biggest gainer of the lot, with a 24-hour jump of over 32 percent. Jupiter (JUP), on the other hand, became the biggest loser, with a 24-hour dip of over 9 percent.
The global crypto market cap stood at $1.74 trillion at the time of writing, registering a 24-hour gain of 2.30 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $45,925.53, registering a 24-hour gain of 3.07 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 39.87 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,448.18, marking a 24-hour gain of 0.71 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 2.12 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour jump of 0.45 percent, as per CoinMarketCap data, currently priced at $0.08046. As per WazirX, Dogecoin price in India stood at Rs 7.0322.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 3.35 percent. At the time of writing, it was trading at $71.25. LTC price in India stood at Rs 6,105.87.
Ripple (XRP) Price Today
XRP price stood at $0.5187, seeing a 24-hour jump of 0.95 percent. As per WazirX, Ripple price stood at Rs 45.45.
Solana (SOL) Price Today
Solana price stood at $104.26, marking a 24-hour gain of 2.39 percent. As per WazirX, SOL price in India stood at Rs 8,829.30.
Top Crypto Gainers Today (February 9)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
BitTorrent (NEW) (BTT)
Price: $0.000001065
24-hour gain: 32.87 percent
Dymension (DYM)
Price: $7.73
24-hour gain: 29.91 percent
Beam (BEAM)
Price: $0.02012
24-hour gain: 11.62 percent
eCash (XEC)
Price: $0.0000332
24-hour gain: 9.82 percent
Pyth Network (PYTH)
Price: $0.5221
24-hour gain: 9.50 percent
Top Crypto Losers Today (February 9)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Jupiter (JUP)
Price: $0.5033
24-hour loss: 9.42 percent
Ronin (RON)
Price: $2.44
24-hour loss: 7.97 percent
Frax Share (FXS)
Price: $9.08
24-hour loss: 7.08 percent
Ethereum Name Service (ENS)
Price: $20.97
24-hour loss: 3.79 percent
Flare (FLR)
Price: $0.02927
24-hour loss: 3.48 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin crosses the $45,000 threshold, fueled by a spike in whale accumulation. Glassnode reports a 3.6% increase in Bitcoin wallets holding more than 1,000 BTC from January 19th to February 6th. The resurgence in whale participation and overall network activity indicates a heightened optimism surrounding BTC's price as the Bitcoin halving draws closer. Bitcoin's resistance level is set at $46,500, while support is positioned at $44,800. A successful breach above the support level could pave the way for an upward trend.”
Parth Chaturvedi, Investments Lead, CoinSwitch Ventures, said, “Bitcoin (BTC, +3.4%) has crossed $46K, hitting its highest price point since the launch of spot ETFs. Technical analysis shows a bullish trend which may see further gains. Analysts predict a strong possibility for BTC to surpass $50k soon. At large, the investor sentiment saw a rapid uptick as the Crypto Fear & Greed Index jumped to a score of 72, again, hitting its highest point since the launch of spot BTC ETFs on January 11. In fact, BTC ETFs now hold more Bitcoin than Microstrategy, the largest publicly traded holder of Bitcoin.”
Rajagopal Menon, Vice President, WazirX, nored, “Bitcoin surged to a four-week high, nearing $45,000, driven by U.S. equity records. Breaking out of a range, it aims for a yearly high above $50,000, fueled by increased open interest in BTC contracts, up by $982 million in under 24 hours. Analysts exercise caution, anticipating a potential test of the $40,000 level over the weekend. Despite liquidation signals, BTC's slight appreciation may break the crucial $45,000 support. Ether rose 3% to a two-week high following amendments to Ark Invest and 21Shares' joint spot ETH ETF filing.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin's rise to 10th place by asset value marks a milestone for digital currencies. With a price of $45,500, up 5% and a trading volume of $25.43 billion, Bitcoin demonstrates its growing dominance in finance and boasts a market capitalization of $879.37 billion. ARK Invest's Cathie Wood believes bitcoin could outperform gold, citing its resilience during economic turbulence. Despite the swings, Wood remains bullish, especially with spot bitcoin ETFs attracting institutional investment. Bitcoin price analysis suggests bullish momentum, breaking through resistance levels at $44,363, with further hurdles at $45,587, $46,315 and $47,276. Support levels at $43,635, $42,528 and $41,639 offer stability. A breach of the symmetrical triangle pattern suggests that Bitcoin could extend gains up to $45,587.”
Shivam Thakral, CEO of BuyUcoin, said, “The Crypto market experienced a significant upside move with huge amount of liquidity flowing in from Bitcoin Spot ETFs. Bitcoin has risen around 3% from yesterday and soared beyond the $46,000 level. Ethereum and major Altcoins show relatively limited strength . The selling pressure for Bitcoin has decreased considerably and at some point demand will overtake the supply because institutional investors look are far from done. The BlackRock and Fidelity spot Bitcoin ETFs are dominating the top 25 ETFs by assets, just 1 month Post launch.”
CoinDCX Research Team told ABP Live, “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. With BTC dominance rising, altcoins saw limited gains, waiting for stability in BTC and a shift in capital flow. ETH followed BTC's trajectory but remained below the resistance at $2,450. Clearing this level is crucial, with resistance at $2,600 and support at $2,375 (previous resistance). ETH/BTC showed bearishness, leading to BTC outperforming ETH.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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