Bitcoin and most of the altcoins have turned green with impressive price pumps coming from SOL, ETH, BNB, and others.
Following a few consecutive days of struggling around $42,000, bitcoin went on the offensive and challenged $44,000. The altcoins have all turned green today, with Ethereum rising above $3,000 and Solana surging double-digits to $100 and beyond.
Bitcoin Targets $44K
The primary cryptocurrency tapped a multi-week high at nearly $46,000 on February 10th but failed to continue its ascent and started to lose value rapidly. In a matter of just a few days, it dropped below $42,000, thus losing about four grand.
However, this particular level, which is the January 2021 ATH and the 50-day MA, provided strong support as the asset bounced off of it a few times.
In the past 24 hours, bitcoin started to reclaim some of its lost ground and spiked above $43,000 for the first time in days. Moreover, it kept climbing and even touched $44,000 hours ago.
As of now, it’s still unable to reclaim that level decisively, but the 4.5% daily increase means that BTC’s market capitalization is well above $800 billion.
Source: Cryptopotato.com
