Bitcoin

Polygon

<p><em><strong>In Monday’s trading, major cryptocurrencies showed upward momentum, led by Bitcoin, Ethereum, Solana, and Dogecoin. By morning, Bitcoin was trading 1.2% higher at $52,311, while Ethereum saw a 4% increase to $2,920.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>The global cryptocurrency market cap also rose by 1.4% in the last 24 hours, reaching around $1.97 trillion.</p><h3 id="crypto-market-insights-from-industry-experts">Crypto Market Insights from Industry Experts</h3><p><strong>Bitcoin Outlook</strong>: Edul Patel, CEO of Mudrex, notes that Bitcoin traded around the $52,000 mark over the weekend, signaling a growing optimistic outlook. Bulls are displaying patience in cashing out their profits, anticipating a sustained uptrend. Patel suggests that if <a href="https://cryptosheadlines.com/bitcoins-position-among-the-worlds-biggest-companies/" rel="noopener noreferrer nofollow">Bitcoin maintains its position</a> above the current level, the next target could be $55,000.</p><p><strong>Ethereum Trends</strong>: Patel also observes a more bullish trend in Ethereum compared to Bitcoin, with a 15% gain over the last seven days and a current price of $2,800. A close above $2,900 would potentially propel Ethereum to confront the next resistance level.</p><p><strong>Bitcoin Strength</strong>: Shivam Thakral, CEO of BuyUcoin, comments on Bitcoin’s ongoing strength as it aims to surpass the $53,000 resistance. Thakral believes that a breakout above this level could <a href="https://cryptosheadlines.com/shiba-inu-price-surge-leads-to-a-60-drop-in-shib-burn-rate/" rel="noopener noreferrer nofollow">lead to a short-term price surge</a> towards $60,000.</p><p><strong>Altcoin Performance</strong>: Altcoins such as Polygon and Internet Computer saw significant gains of 6% and 9%, respectively. Additionally, Solana, Dogecoin, <a href="https://cryptosheadlines.com/shiba-inu-faces-decline-in-burn-activity/" rel="noopener noreferrer nofollow">Shiba Inu</a>, Toncoin, Polkadot, and Cardano also experienced increases of up to 2%.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><h3 id="insights-on-crypto-market-trends-and-analysis">Insights on Crypto Market Trends and Analysis</h3><p>The total volume in DeFi currently stands at $5.67 billion, representing 8.55% of the total crypto market’s 24-hour volume. Meanwhile, stablecoins account for $60.03 billion in volume, constituting a significant 90.47% of the total crypto market’s 24-hour volume, as per data from CoinMarketCap.</p><p><a href="https://cryptosheadlines.com/bonk-price-surges-30-but-rally-may-soon-stop/" rel="noopener noreferrer nofollow">Also Read:   Bonk Price Surges 30%; But Rally May Soon Stop</a></p><p>In the last 24 hours, the market cap of Bitcoin, the world’s largest cryptocurrency, surged to $1.027 trillion. Bitcoin’s dominance currently stands at 51.81%, according to CoinMarketCap. However, BTC <a href="https://cryptosheadlines.com/binance-leads-bitcoin-spot-volume-decline-in-september/" rel="noopener noreferrer nofollow">volume in the same period experienced a 13.3% decline</a>, reaching $18.6 billion.</p><h3 id="expert-analysis-and-price-predictions">Expert Analysis and Price Predictions</h3><p>Parth Chaturvedi, Investments <a href="https://cryptosheadlines.com/paypal-ventures-leads-52m-funding-for-crypto-firm-magic/" rel="noopener noreferrer nofollow">Lead at CoinSwitch Ventures</a>, notes that Bitcoin remains stable around the $52,000 mark, while Ethereum hovers around $2,800. Chaturvedi highlights Bitcoin’s recent positive performance, which correlates with movements in the US Dollar and treasury yields. This suggests that the leading narrative for <a href="https://cryptosheadlines.com/eys-paul-brody-institutional-investors-seeking-bitcoin-in-high-demand/" rel="noopener noreferrer nofollow">Bitcoin is institutional demand</a> rather than its traditional role as a safe haven asset. Chaturvedi identifies <a href="https://cryptosheadlines.com/bitcoins-key-resistance-levels/" rel="noopener noreferrer nofollow">key resistance for Bitcoin</a> at $52,800, and failure to surpass this level may result in a downward correction. Similarly, the first major <a href="https://cryptosheadlines.com/peter-thiel-supports-bitcoin-startup-river-with-35m-investment/" rel="noopener noreferrer nofollow">support for Bitcoin</a> is at $51,300; a close below this could signal a continuation of bearish momentum.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Bitcoin Holds Above $52K; Polygon and Internet Computer Surge Up to 9%

Table of Contents

cmcdelete@edb8d1ee4ec9a85c04690131b307c085

Other articles published on Feb 19, 2024

Crypto Bull Closes Cardano Position as Price Threatens Collapse Below $0.5, Shifts Focus to Promi...

European Central Bank (ECB) To Introduce Improved Privacy Measures For Digital Euro

Is Bitcoin Headed For A Shakeout? Price-Driven Changes Spark Questions About Miner Future

Behind the FTX Scandal: Caroline Ellison Exposes Deep Secrets in SBF’s Trial

Solana Whale holding over $10.7M SOL sees Retik Finance (RETIK) today as an opportunity similar t...

Plateau State government partners with Algorand to explore NFTs and other blockchain use cases

Join our free newsletter for daily crypto updates!