Bitcoin passes $24k for 2nd time in February

Bitcoin (BTC) has surpassed $24,100 for the second time this month.

As of 10:00 p.m. UTC on Feb. 15, Bitcoin was valued at $24,103. That price means that the cryptocurrency now has a market cap above $465 billion.

The asset’s price briefly reached this level during another rally earlier this month. On Feb. 1 and on the following morning, it was valued close to its current price.

Apart from those brief gains, Bitcoin has not seen its current market value since August 2022. As such, prices this month represent a six-month high.

Though there has been little positive news today, a lack of bad news may have helped Bitcoin gain value. Specifically, an absence of regulatory crackdowns today may be to credit for the asset’s gains. Though regulators took action against Kraken and Paxos over the past week, there were no high-profile actions against the crypto sector today.

In terms of percent-based gains, Bitcoin’s price rose 8.4% over the past 24 hours. Its main competitor, Ethereum (ETH), saw slightly smaller gains of 6.9% today.

Other cryptocurrencies in the “Top 10” category performed similarly. Binance’s BNB token (BNB) was up 5.9%, Ripple’s XRP token (XRP) was up 5.3%, Cardano (ADA) was up 4.1%, Dogecoin (DOGE) was up 5.6%, and Polygon (MATIC) was up 4.5%.

Posted In: , Analysis

Bookmark (0)
ClosePlease loginn

Related Posts

Trump NFT sales volume soars 461% following indictment

Trump NFT sales volume soars 461% following indictment

Trump has lashed out at the news of his indictment, calling it a “political persecution.”

Bookmark (0)
ClosePlease loginn
XRP Perpetual Futures Open Interest skyrockets to $610 million

XRP Perpetual Futures Open Interest skyrockets to $610 million

The XRP derivative market indicates strong positive sentiment, some expect the SEC lawsuit to conclude soon.

Bookmark (0)
ClosePlease loginn

Binance Fan Token Platform Launches Alpine Race Collectibles for Unique F1 Experiences

Bookmark (0)
ClosePlease loginn
CNBC’s Jim Cramer calls Binance “way too sketchy”

CNBC’s Jim Cramer calls Binance “way too sketchy”

Crypto community reacts to Jim Cramer’s comments on Binance with humor and irony amid mounting regulatory pressures.

Bookmark (0)
ClosePlease loginn
CryptoSlate wMarket Update: Mixed market performance sees Bitcoin drop below $28,000

CryptoSlate wMarket Update: Mixed market performance sees Bitcoin drop below $28,000

The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.

Bookmark (0)
ClosePlease loginn
KCC upgrade to enhance performance goes live on testnet

KCC upgrade to enhance performance goes live on testnet

The fan-built KCC V.1.3.0 upgrade focuses on merging upstream code, enhancing performance, and resolving bugs.

Bookmark (0)
ClosePlease loginn

Leave a Reply

Your email address will not be published. Required fields are marked *