Crypto Price Today: Bitcoin Moves Near $45,000, Many Cryptocurrencies Improve

On Thursday, February 8, a profit of 3.66 percent was recorded in Bitcoin. With this the price of cryptocurrency has increased to $44,505 (approximately Rs 36.9 lakh). The value of BTC has increased by $1,693 (approximately Rs 1.4 lakh) in the last 24 hours. According to market experts, this bullish move indicates the possibility of further upside for BTC, with the next levels being $45,400 (approximately Rs 37.6 lakh) and $48,000 (approximately Rs 39.8 lakh). Gadgets360’s crypto price tracker shows that most cryptocurrencies followed Bitcoin on the path to gains.

Ether made a profit of 2.80 percent on Thursday. The second most valuable cryptocurrency, at the time of writing, is trading at $2,425 (approximately Rs 2 lakh). ETH price increased by $64 (approximately Rs 5,310) in the last 24 hours.

“It’s worth noting that historically, February has been one of the best months for Bitcoin. It broke out of its consolidation phase in a shorter time frame, and reached the upper level of its range. Taking advantage of BTC’s rally, altcoins also closed in the green. ETH has moved above its range, which is currently above $2,450 (approximately Rs 2.03 lakh), which is a positive sign for ETH and related tokens,” the CoinDCX team told Gadgets360.

Binance Coin, Solana, Ripple, Dogecoin, Cardano and Avalanche all posted gains on Thursday.

Tron, Polkadot, Polygon, Shiba Inu, Litecoin, Bitcoin Cash, and Uniswap, among others, also showed profits along with BTC and ETH.

“The popular altcoin SOL (+5 percent) also saw a comeback, as after the five-hour halving of the Solana blockchain a day earlier, the uptrend in prices was not affected, and bulls were still able to push the price higher .Psychological $100 mark (about Rs 8,299),” CoinSwitch Markets Desk told Gadgets360.

The total crypto market cap increased by 3.31 percent in the last 24 hours. Currently, it is valued at $1.71 trillion (approximately Rs 1,41,91,657 crore), as shown coinmarketcap,

Only a few altcoins saw declines on Thursday. These include Tether, USD Coin, Chainlink, Braintrust and Augur.

The highly anticipated Denkun upgrade that introduces “proto-dunksharding” has also completed its final phase of testing on one of the Ethereum testnets, and is now awaiting a final date for mainnet deployment. With a significant increase in Ethereum L2s as transaction costs lower, L2s could be the coin to watch over the next few weeks.

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