Crypto Price Today: Bitcoin Inches Closer to $45,000 Mark, Several Cryptocurrencies Recover

In the last 24 hours, the value of BTC has risen by $1,693 (roughly Rs. 1.4 lakh).

Crypto Price Today: Bitcoin Inches Closer to $45,000 Mark, Several Cryptocurrencies Recover

Photo Credit: Reuters

The valuation of the crypto sector currently stands at $1.17 trillion

  • Avalanche, Tron saw profits
  • Dogecoin, Shiba Inu saw gains
  • Braintrust, Augur saw losses

Bitcoin on Thursday, February 8, recorded a profit of 3.66 percent. With this, the value of the cryptocurrency has escalated to $44,505 (roughly Rs. 36.9 lakh). In the last 24 hours, the value of BTC has risen by $1,693 (roughly Rs. 1.4 lakh). As per market experts, this bullish move for BTC indicates a potential for further upward momentum, with next levels at $45,400 (roughly Rs. 37.6 lakh) and $48,000 (roughly Rs. 39.8 lakh). Most cryptocurrencies followed Bitcoin on the gain trail, showed the crypto price tracker by Gadgets360.

Ether minted a profit of 2.80 percent on Thursday. The second most valuable cryptocurrency, at the time of writing, is trading at $2,425 (roughly Rs. 2 lakh). In the last 24 hours, the value of ETH rose by $64 (roughly Rs. 5,310).

“It's worth noting that historically, February has been one of the best months for Bitcoin. It broke out of its consolidation phase in a smaller timeframe, reaching the upper level of its range. Altcoins also closed in the green, benefiting from BTC's rally. ETH broke out above its range high, currently holding above $2,450 (roughly Rs. 2.03 lakh), which is a positive signal for ETH and related tokens,” the CoinDCX team told Gadgets360.

Binance Coin, Solana, Ripple, Dogecoin, Cardano, and Avalanche — all recorded gains on Thursday.

Tron, Polkadot, Polygon, Shiba Inu, Litecoin, Bitcoin Cash, and Uniswap among others also reflected profits alongside BTC and ETH.

“Popular altcoin SOL (+5 percent) also saw a comeback, as after Solana blockchain came for a five-hour halt a day back, the upside price uptrend was not impacted, and the bulls were still able to take the price back above the psychological $100 mark (roughly Rs. 8,299),” the CoinSwitch Markets Desk told Gadgets360.

The overall crypto market cap went up by 3.31 percent in the last 24 hours. At present, its valuation stands at $1.71 trillion (roughly Rs. 1,41,91,657 crore), showed CoinMarketCap.

Only a small number of altcoins saw losses on Thursday. These include Tether, USD Coin, Chainlink, Braintrust, and Augur.

The much-awaited Dencun upgrade, introducing “proto-danksharding” has also completed its final stage of testing on one of the Ethereum testnets, and is now awaiting a final date for the mainnet deployment. With Ethereum L2s gaining significantly in the form of lower transaction costs, L2s can be the coins to look out for in the next few weeks.

Is the Samsung Galaxy Z Flip 5 the best foldable phone you can buy in India right now? We discuss the company's new clamshell-style foldable handset on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article. 

Affiliate links may be automatically generated - see our ethics statement for details.

Cryptocurrency Prices across Indian exchanges


For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Radhika Parashar
Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at More
Apple Releases MGIE AI Image Editing Tool Capable of Making Detailed Edits Using Text Prompts
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News


Follow Us


© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »