RateCaptain
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Rate Captain
No Result
View All Result
Home Cryptocurrency

As Bitcoin move to 43K, Ethereum, DOGE and SHIB Surge

Rate Captain by Rate Captain
February 7, 2022
in Cryptocurrency
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Bitcoin price started a strong increase and cleared the USD 40,000 resistance. BTC even surpassed the USD 42,000 resistance. It is currently (04:21 UTC) showing positive signs and is trading above USD 42,800 after increasing 3% in a day and 13% in a week.

Similarly, most major altcoins are rising steadily. ETH was able to settle above the USD 3,000 resistance level. XRP climbed above the USD 0.70 resistance level. ADA is trading above the USD 0.150 pivot level.

AlsoRead

Brazil’s Largest Crypto Exchange Partners With Stellar To Work on a CBDC

BNP Paribas has joined JPMorgan’s blockchain-based network.

Tether, USDT market cap has dropped by US$10B since UST collapse

Bitcoin price

After forming a base, bitcoin price was able to climb above the USD 40,000 resistance. BTC bulls took control and pushed the price above USD 41,500. The price even spiked above USD 42,500. The next major resistance is near the USD 43,000 level, above which the price could accelerate higher towards the USD 44,500 level.

On the downside, an immediate support is near the USD 42,000 level. The main weekly support is now forming near the USD 40,000 level, below which the price could start another decline.

Ethereum price

Ethereum price followed a bullish path above the USD 2,880 resistance level. ETH climbed above the USD 3,000 barrier and accelerated higher, increasing 2% in a day and almost 18% in a week. It is now facing resistance near the USD 3,080 level. The next key resistance is near USD 3,120, above which the bulls might move towards the USD 3,350 level. initial support is near the USD 3,000 level. The next major support is near USD 2,880, under which the price may perhaps drop to USD 2,600.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) was able to surpass the key USD 1.150 resistance zone. It seems like the price could even rise to USD 1.188. Any more gains might send the price towards the USD 1.20 resistance zone.

Binance coin (BNB) surpassed the main USD 400 resistance level. It is now consolidating above the USD 420 level. If the bulls remain in action, the price could rise towards the USD 445 and USD 450 resistance levels.

Solana (SOL) climbed above the USD 112 resistance level and is nearing the USD 120 level. If there is an upside break above USD 120, the price could rise towards the USD 125 and USD 132 levels.

DOGE is gaining momentum above the USD 0.155 resistance level, gaining 7% in a day and 13% in a week. The next key resistance is near the USD 0.162 level. If there is a downside correction, the price might find support near the USD 0.150 level.

XRP price is up 8% in a day and there was a clear move above the USD 0.70 level. The next major resistance is near USD 0.750, above which the price may perhaps accelerate to USD 0.80.

Other altcoins market today

Many altcoins are up over 5%, including SHIB, MANA, LEO, AXS, THETA, ONE, FLOW, GRT, KSM, LRC, CHZ, and TFUEL. Out of these, SHIB rallied 25% and surpassed the USD 0.000028 level, increasing almost 34% in a week.

Overall, bitcoin price is gaining bullish momentum above the USD 42,500 level. If the bulls remain in action, BTC could rise towards the USD 45,000 level.

Previous Post

List of 28 Companies Benefiting from the CBN’s N23.2 billion loan

Next Post

Polkadot consumes least amount of electricity compared to Bitcoin, Ethereum and Solana

Related News

Brazil’s Largest Crypto Exchange Partners With Stellar To Work on a CBDC

Brazil’s Largest Crypto Exchange Partners With Stellar To Work on a CBDC

by Rate Captain
May 25, 2022
0

Mercado Bitcoin and Stellar are joining forces to develop a minimum viable product as part of the Brazil’s efforts to...

BNP Paribas has joined JPMorgan’s blockchain-based network.

BNP Paribas has joined JPMorgan’s blockchain-based network.

by Rate Captain
May 23, 2022
0

French banking giant BNP Paribas (EPA) has joined JPMorgan's (JPM) blockchain-based network for fixed income market trading, according to a...

Tether, USDT market cap has dropped by US$10B since UST collapse

Tether, USDT market cap has dropped by US$10B since UST collapse

by Rate Captain
May 23, 2022
0

Tether, the operator of the world’s largest stablecoin USDT, has seen US$10 billion of its market capitalization shaved off since...

Experts predicts the death of Shiba Inu

Experts predicts the death of Shiba Inu

by Rate Captain
May 18, 2022
0

It’s a matter of when, not if, we’ll see the death of Shiba Inu, according to the majority of Finder’s...

Next Post

Polkadot consumes least amount of electricity compared to Bitcoin, Ethereum and Solana

Leave a Reply Cancel reply

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

Recommended

IMF Cautions Central African Republic against Adopting Bitcoin

5 cryptos that could strengthen your portfolio in June

May 25, 2022
CBN Advises Nigerian Commercial Banks to Pay more attention to financial transactions linked with Benin Republic

OFIs: CBN sets criteria for enrollment onto credit risk management system

May 25, 2022

Popular Story

  • European Commission Proposes a Halt in Ukrainian Export Duties

    ECB warns that unbacked crypto assets represent a risk to financial stability

    0 shares
    Share 0 Tweet 0
  • For $3 each, a man sells 933 selfies as NFTs, and the collection is now worth millions.

    0 shares
    Share 0 Tweet 0
  • Interpol, Kenya Government Probe Three Nigerian Fintech Tycoons over N128 Billion from Nigeria

    0 shares
    Share 0 Tweet 0
  • Brazil’s Largest Crypto Exchange Partners With Stellar To Work on a CBDC

    0 shares
    Share 0 Tweet 0
  • 5 cryptos that could strengthen your portfolio in June

    0 shares
    Share 0 Tweet 0
Rate Captain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.