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The rise in cryptocurrencies continues, with Bitcoin (BTC) surpassing the $46,000 level and capturing significant attention. During this period, substantial increases are also observed in the market’s high-volume altcoins. Ethereum has remained above the $2,400 level, reflecting an important rise to its investors. On the other hand, other top altcoins have shown notable gains as well.
Current State of Cryptocurrencies
Bitcoin’s price has significantly increased, surpassing the $46,000 level. The price of Bitcoin rose by 3.02%, reaching $46,108.33 as of the writing time on Friday, February 9. During this period, the trading volume saw a 13.58% increase over the last 24 hours, rising to $26.88 billion. On the other hand, Bitcoin’s market capitalization has surpassed the critical threshold of $900 billion.
On the other hand, Ethereum, known as the king of altcoins, saw its price rise by 0.70%, reaching $2,447.42, with a market value of $294.12 billion at the time of writing. Additionally, ETH’s trading volume also experienced a 3.73% increase during this period, reaching $10.29 billion.
Meanwhile, Binance Coin (BNB) saw a 2.41% increase in price, reaching $321.49, while its 24-hour trading volume increased by 11.20%, surpassing $1 billion and reaching $1.08 billion.
Solana’s price managed to stay above the $100 level today as well. Solana’s price rose by 2.68%, reaching $104.33. Additionally, SOL saw a noticeable 19.61% increase in trading volume over the last 24 hours, reaching $2.34 billion.
The rising trend did not skip XRP, which showed signs of recovery in its price. XRP’s price increased by 1.18%, reaching $0.5186. However, XRP’s trading volume decreased by 11.95%, falling to $815.696 million.
Looking at meme coins, Dogecoin’s price rose by 0.40%, reaching $0.08035, while Shiba Inu found buyers at $0.000009322, with a gain of 2.76%.
Altcoins of the Day
Dymension (DYM), a name that has been frequently heard lately and has stepped into the Binance cryptocurrency exchange, experienced an increase of over 30% as of the writing time today. DYM’s price rose by 30.95%, reaching $7.87, and its market value reached $1.14 billion.
Additionally, its trading volume saw a 75.29% increase, rising to $618.08 million. Moreover, at the time of the increase, it reached an all-time high of $8.31 but then pulled back slightly.
eCash (XEC), the revised version of Bitcoin Cash ABC (BCHA), experienced an approximate 10% value increase on Friday. As of the time of writing, the eCash price had risen by 9.77%, reaching $0.00003317. Additionally, its trading volume saw a massive 1632.58% increase, rising to $121.70 million. Meanwhile, the price had risen to $0.0000346.
