Bitcoin (BTC) Price Analysis for February 7

Bitcoin (BTC) Price Analysis for February 7
HeadlinesNewsBitcoin (BTC) Price Analysis for February 7

Share

Bitcoin (BTC) Price Analysis for February 7

U.Today3 months ago
Published on February 07, 2021 03:46 GMT+0edited on February 07, 2021 04:00 GMT+0

Share

The bearish mood has come back to a certain extent, as some coins have entered the short-term downtrend phase.

Top 10 coins by CoinMarketCapTop 10 coins by CoinMarketCap

The high volatility of altcoins has affected the market share of Bitcoin (BTC), which has declined and is now at 61.1%.

BTC’s market shareBTC’s market share 

The relevant data for Bitcoin is looking the following way:

  • Name: Bitcoin

  • Ticker: BTC

  • Market Cap: $724,958,642,114

  • Price: $38,924.64

  • Volume (24h): $66,972,543,648

  • Change (24h): -3.53%

The data is relevant at press time.

BTC/USD: Can bulls manage to set the new peak soon?

Even though the rate of Bitcoin (BTC) has fallen by around 4% since yesterday, the price change over the last week has accounted for +15.68%.

BTC/USD chart by TradingViewBTC/USD chart by TradingView

On the hourly chart, Bitcoin (BTC) is about to keep the correction wave going.