Crypto market has a decisive support level Flash news details

On February 8, 2025, the total market value showed encrypted currencies by retaining a decisive support level at $ 2.3 trillion, Coinmarketca said at 10:00 am International time (Coinmarketcap, 2025). This development was highlighted by Michaël Van De Poppe, a well -known encryption analyst, indicating that the current fuse in the maximum market scheme indicates an upcoming upcoming trend with green candles (Van De Poppe, 2025). The market ceiling decreased to 2.28 trillion dollars on February 7 at 14:30 pm UTC, which represents a large bounce (Coinarketcap, 2025). This recovery appears across the various trading pairs, as BTC/USD rises from $ 45,000 to $ 46,500 between February 7 at 18:00 pm UTC and February 8 at 09:00 AM UTC (Coinbase, 2025). Likewise, ETH/USD increased from $ 2900 to $ 3,050 during the same time frame (Kraken, 2025). The BTC/USD trading volume on Coinbase increased by 15 % to $ 25 billion, while ETH/USD on KAKEN has seen 12 % to $ 10 billion over the past 24 hours (Coinbase, Kaken, 2025). The scales on the series from Glassnode indicate an increase in active addresses from 900,000 to 950,000 between February 7 at 20:00 pm UTC and February 8 at 08:00 AM UTC, indicating an increase in market participation (Glassnode, 2025 ).

The market’s ability to maintain the level of support has many trading effects. For merchants, this offers an opportunity to buy in the market at a potentially useful point before the upward trend. The increase in trading volumes through major pairs such as BTC/USD and ETH/USD indicates an increase in market interest and liquidity, which may lead to more important price movements. Specifically, the BTC/USD pair witnessed a trading volume of $ 25 billion on Coinbase on February 8 at 09:00 AM UTC, an increase of $ 21.7 billion on February 7 at 18:00 pm UTC (Coinbase, 2025). Likewise, the size of the ETH/USD on KAKEN was $ 10 billion on February 8 at 09:00 am UTC, compared to $ 8.9 billion on February 7 at 18:00 pm UTA (KAKEN, 2025). BTC/USD was 62 on February 8 at 10:00 AM UTC, indicating that the original is neither in his arrest nor excessive (TradingView, 2025). The difference in the MacD Mac/USD showed a bullish intersection on February 8 at 09:30 am UTC, indicating a possible ascending momentum (TradingView, 2025). These technical indicators, as well as support for the maximum market, indicate that there is a favorable environment for traders to enter long jobs.

From the perspective of technical analysis, market flexibility at the support level of $ 2.3 trillion is important. The 50 -day moving average for the total market cover was at 2.29 trillion dollars on February 8 at 10:00 am International time, and is closely compatible with the support level (CoinMarketCAP, 2025). Bollinger’s BTC/USD ranges showed that the bands narrowed on February 8 at 09:00 AM UTC, indicating a possible outbreak in the near future (Tradingvief, 2025). The BTC/USD trading volume on Coinbase reached $ 25 billion on February 8 at 09:00 AM UTC, an increase of 15 % over the previous day 21.7 billion dollars (Coinbase, 2025). Likewise, ETH/USD on KAKEN witnessed a volume of $ 10 billion on February 8 at 09:00 AM UTC, by 12 % from February 7, 8.9 billion dollars (KAKEN, 2025). The scales on the series of GLASSNODE support ups in the ups, with the number of active titles increased from 900,000 to 950,000 between February 7 at 20:00 pm UTC and February 8 at 08:00 AM UTC (Glassnode, 2025). Group data points indicate a strong basis for potential upward price movements in the short term.

In the context of developing artificial intelligence, recent developments in artificial intelligence technology had a noticeable impact on the cryptocurrency market. On February 7, 2025, the main Amnesty International announced the penetration of automated learning algorithms, which led to an increase of 5 % in the value of the distinctive symbols associated with the prosecution such as Sentarynet (AGIX) from $ 0.50 to $ 0.525 on February 8 at 08:00 am . UTC (Coingecko, 2025). This news also affected the broader market, as BTC/USD increased by 3.3 % from $ 45,000 to $ 46500 during the same period (Coinbase, 2025). The relationship between the developments of artificial intelligence and the feeling of the encryption market is clear, as the trading volumes driven by artificial intelligence increased by 10 % through the main stock exchanges, as the trading volume in AGIX reaches $ 100 million on February 8 at 09:00 am UDCE (Binance, 2025). This increase in the distinctive trading volume of AI indicates increasing interest in the transitions to AI-Crypto, providing traders with possible opportunities in this sector.