As known from:
known from Coinwireknown from Benchknown from Coinindex
  • About CryptoGmblr.com
Contains commercial content
Cryptogambling / February Crypto Market Update: Bitcoin Above $44,000; Top Gainers

February Crypto Market Update: Bitcoin Above $44,000; Top Gainers

Publish Date: 09/02/2024
80 w fit 4 0, tags: bitcoin crypto market - images.unsplash.com

80 w fit 4 0 – images.unsplash.com

The cryptocurrency market experienced a surge on February 8, with Bitcoin leading the charge above $44,000. The global crypto market experienced a 3.6% uptick, reaching a maximum value of around $1.71 trillion. Bitcoin’s price rose 3.63% to trade around $44,486, while Ethereum saw a 2.52% increase, trading above the $$2,421 mark.

Avalanche, Polygon, Polkadot, Internet Computer, BNB, Solana, Cardano, and Shiba Insu were among the other altcoins that had 3-6% increases. Tron, Toncoin, Dogecoin, and XRP all increased from 1% to 3%.

Top Crypto Gainers on 8th February

Take a closer look at the top crypto gainers on February 8, including their percentage increase in value within 24 hours. Shiba Inu (+10%), Polygon (+5.8%), Solana (+5.7%), Cardano (+3.9%), Avalanche (+5.1%), BNB (+5.3%), Internet Computer (+6.3%), Ethereum (+2.9%), and Bitcoin (+3.8%). These gains were largely driven by increased investor confidence, positive market sentiment, and a general uptrend in the crypto markets.

The Best Crypto to Buy Right Now February 8

The Exponential Moving Average for Bitcoin shows ‘Buy’ at 43,266 for a 10-day EMA and ‘Buy’ at 36,483 for a 200-day EMA. A 10-day SMA’s Simple Moving Average shows ‘Buy’ at 43,202, while a 200-day SMA shows ‘Buy’ at 34,516.

At 62, the Relative Strength Index (14) is classified as “Neutral.” A neutral outlook is indicated by the Average Directional Index (14) at 12 and the Stochastic %K (14, 3, 3) at 93. With a MACD Level of 12, 26, 353, ‘Buy’ is indicated. ‘Neutral’ is indicated by the Stochastic RSI Fast (3, 3, 14, 14) at 97, while ‘Sell’ is indicated by William’s Percentage at -3.

For Ethereum, the SMA for a 10-day period indicates a “Buy” signal at $2,365, while the 200-day SMA suggests a “Buy” signal at $1,412.

The RSI of 62 and Stochastic %K and %D indicators at 79 and 88 suggest a bullish trend for Ethereum.

The top 10 cryptocurrencies by market capitalization experienced varied gains, with BNB up 5.3%, Solana 5.7%, Cardano 3.9%, Avalanche 5.1%, Polygon 4.8%, Polkadot 3.2%, Internet Computer 6.3%, and Shiba Inu 7.8%.

To sum up, potential investors can profit over on any of the aforementioned currencies. However, investing in cryptocurrency is a high-risk, high-reward option to think about if you’re seeking a greater chance of making money in the near future.

The MACD histogram shows a strong upward trend, with the line crossover suggesting potential buying opportunities. This positive market sentiment could be attributed to the optimism surrounding cryptocurrencies.

The uncertainty around the Federal Reserve’s monetary policy and potential interest rate hikes may impact the broader financial markets, including cryptocurrencies, moving forward. However, as more institutional investors enter the space and regulatory frameworks become clearer, the long-term outlook for cryptocurrencies remains promising.

Uncertainty Around Federal Reserve’s Monetary Policy

The uncertainty around the Federal Reserve’s monetary policy and potential interest rate hikes may impact the crypto market. As the economy recovers, the Fed may choose to tighten its policy to curb inflation and maintain economic stability. However, it is important for investors to remain diversified and cautious, as market conditions can change rapidly.

The increased adoption and usage of cryptocurrencies for various purposes, such as remittances and e-commerce transactions, are driving demand in the market. This trend is expected to continue as more businesses recognize the benefits of using decentralized digital currencies for transactions and investments.

Top Online Casinos
Top Casinos Bonuses
Stake.us
Stake.us
Stake.us Review
4.6/5
McLuck
McLuck
McLuck Review
4.6/5
Sweeptastic
Sweeptastic
Sweeptastic Review
4.5/5
High5Casino
High5Casino
High5Casino Review
4.5/5
Wow Vegas
Wow Vegas
Wow Vegas Review
4.5/5
Stake.us
Stake.us Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
T&Cs apply
4.6/5
McLuck
McLuck Bonus
Up to 57.500 Gold Coins + 27.5 Free Sweepstakes Coins
T&Cs apply
4.6/5
Sweeptastic
Sweeptastic Bonus
Up to 55,000 Lucky Coins and 34 Sweeps Coins with first purchase
T&Cs apply
4.5/5
High5Casino
High5Casino Bonus
5 Sweeps Coins + 250 Game Coins + 600 Diamonds
T&Cs apply
4.5/5
Wow Vegas
Wow Vegas Bonus
Get 1.5 million WOW Coins + 34.5 SCs FREE
T&Cs apply
4.5/5
Latest News
Bitcoin ETF trading volume skyrockets to $2 billion
There's a big shake-up happening in the cryptocurrency ...
VanEck’s Bitcoin ETF trading volume rises 14 times: Understanding the t...
VanEck's Bitcoin investment vehicle ($HODL) has witnessed a ...
Top Crypto Exchange Sites
Crypto Exchange Guide
  • Crypto Exchanges
  • Betting Exchange
Top Brands
Top Bonuses
Stake.us
Stake.us
Stake.us Review
4.6/5
McLuck
McLuck
McLuck Review
4.6/5
Sweeptastic
Sweeptastic
Sweeptastic Review
4.5/5
High5Casino
High5Casino
High5Casino Review
4.5/5
Wow Vegas
Wow Vegas
Wow Vegas Review
4.5/5
Stake.us
Stake.us Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
T&Cs apply
4.6/5
McLuck
McLuck Bonus
Up to 57.500 Gold Coins + 27.5 Free Sweepstakes Coins
T&Cs apply
4.6/5
Sweeptastic
Sweeptastic Bonus
Up to 55,000 Lucky Coins and 34 Sweeps Coins with first purchase
T&Cs apply
4.5/5
High5Casino
High5Casino Bonus
5 Sweeps Coins + 250 Game Coins + 600 Diamonds
T&Cs apply
4.5/5
Wow Vegas
Wow Vegas Bonus
Get 1.5 million WOW Coins + 34.5 SCs FREE
T&Cs apply
4.5/5

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

21+NCPG
Close
Players accepted in the US US Flag
Stake.us Exclusive Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
Promo Code
Go to Stake.us
Visit Site
T&Cs apply, 18+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Exclusive promo code: CRYPTGAMBL
  • Play Stake Originals games for free
  • Get free Stake Cash daily just by logging in
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site