Crypto Price Today: Bitcoin Breaches $46,000 Mark, Most Cryptocurrencies Mint Profits

Bitcoin gained 4.18% on Friday, February 9. After a steady decline in prices in recent weeks, Bitcoin finally managed to cross the $46,000 (roughly Rs. 38.1 lakh) mark. At the time of writing, the asset is trading at a price of $46,275 (approximately Rs. 38.4 lakh). In the last 24 hours, Bitcoin The price has increased by $1,770 (roughly Rs. 1.46 lakh). According to market analysts, investor confidence has increased. Half the episode. According to a recent report by Glassnode, Bitcoin wallets with more than 1,000 BTC increased by 3.6% from January 19th to February 6th.

“The Chinese New Year period has historically been a catalyst for Bitcoin’s upward momentum. This rally has coincided with the S&P 500 hitting historic highs. Bulls are now looking at $50,000 (roughly Rs. 41.5 lakh). Which is the next important level of psychological resistance due to positive emotions,” Mudrex CEO Adol Patel told Gadgets360.

Bitcoin’s rally fueled an upward move for all major cryptocurrencies on Friday. Ether A gain of 1.43 percent was recorded on Friday. This brings its trading price to $2,449 (roughly Rs. 2.03 lakh). The price of this asset has increased by $24 (approximately Rs. 1,992) in the last 24 hours.

the wave, Dogecoin, Cardano, [Avalanche], Solana, Binance coin, Sheba Anu, Litecoin, Bitcoin CashAnd to change – Reflects all profits on Friday.

“ETF market updates have pushed Bitcoin’s growth past the key psychological level of $45,000 (roughly Rs. 37.3 lakh). On Thursday, Fidelity Wise Origin Bitcoin (FBTC) netted around $130.1 million. saw inflows. Notably, Ishares Bitcoin Trust (IBIT) saw a total volume of $478.5 million (roughly Rs. 3,972 crore) on the same day. Additionally, increased inflows into the ETF market contributed to this positive market trend. The reach of ETFs is broadening the investor base for Bitcoin,” Raj Karkra, COO, ZebPay told Gadgets360.

The overall value of the crypto sector has increased by 3.08% in the last 24 hours to currently claim a capitalization of $1.76 trillion (roughly Rs. 1,46,11,572 crore). CoinMarketCap.

Small losses were registered by Chain Link, Mental confidenceAnd Dog killer.

Broadly, investor sentiment saw a sharp rise as the Crypto Fear & Greed Index once again hit a score of 72, its highest since the launch of spot BTC ETFs on January 11. went.

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