Growing institutional interest in Bitcoin (BTC) helped elevate the top cryptocurrency to a new record high on Feb. 9 and led to a total market cap value higher than the market cap of the Russian ruble.
Data from Cointelegraph Markets and TradingView shows Bitcoin established a new all-time high of $48,220 in the early hours on Tuesday and has since pulled back to $47,092, marking a 9.24% increase over the past 24-hours. BTC/USDT 4-hour chart. Source: TradingView
According to Decentrader founder, filbfilb, today’s market action showed strong activity from the bulls who aggressively “absorbed sellers” positions, resulting in the “failed... Check out the latest crypto news reports here https://dailynewssheet.com/category/cryptocurrency-news
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Source: https://dailynewssheet.com/2021/02/09/altcoins-move-higher-as-bitcoin-bull-flag-points-toward-50k-btc-price/
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