Market Update

Today’s encryption price: Bitcoin exceeds $ 96,700; Altcoins is mixed

Bitcoin (BTC) and other major encrypted currencies traded on Friday, February 14. BTC, XRP, Solana, Cardano, Stellar and Dogecoin have acquired up to 3.7 %, while ethereumBNB, TON, SUI, ChaINLINK and Avalanche decreased, as it decreased to 5 %.

As of 12:05 pm, Bitcoin increased by 0.45 % at 96,749 dollars, while ETHEREUM decreased by 0.4 % to $ 2,699. The roof of the global cryptocurrency market has remained fixed at about 3.2 trillion dollars, as it increased by 0.02 % in the past 24 hours.

“Bitcoin maintains more than 96,700 dollars after finding subsidies near $ 95,000. Consumer price index data and producers’ price data have been raised higher than expected, which reduces the possibility of lowering the reserve rate Federal in the first half of the year. resistance

Encryption

Vikram Suburaj, CEO of Giottus. “Altcoins had a mixed session, where Ethereum, BNB and TRO have published modest declines. Meanwhile, XRP has gained 3 % after Nasdaq SEC advanced to insert XRP ETF group supported by Coinshares. altcoins It is expected to gradually regain momentum. ““With the BTC trading on the US $ 96500 brand for the thirteenth day in a row, it has become difficult for the bears to breach this support and at the same time there are less continuous levels in BTC – the signal towards the short term in the short term,” said Coinswitch Markets Office.

Also read: The effect of macroeconomic factors on the encryption market in 2025

In the past 24 hours, the market value in Bitcoin has increased to $ 1.916 trillion. Bitcoin is now 59.89 %. BTC volume decreased in the same period by 28.3 % to 34.86 billion dollars. Meanwhile, Stablecoins constituted 94.33 billion dollars of this folder, or 92.29 %, according to CoinmarketCap.

Technology view by Sathvik Vishwanath, co -founder and CEO, UNOCOIN

Currently, BTC trades about $ 96,600. More than 100,000 dollars may escape prices to January 31 as a maximum of 106.012 dollars. However, the RSI Index (RSI) in 44 marks carry momentum and medium convergence (MACD) explains the bear crossover, indicating a possible defect. If BTC closes less than $ 94,000, it can reduce and test psychological support of $ 90,000.

((DisintegrationRecommendations, suggestions, opinions and opinions made by experts are their own. These do not represent the views of economic times)

https://img.etimg.com/thumb/msid-118239324,width-1200,height-630,imgsize-169129,overlay-etmarkets/articleshow.jpg

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button