Feb 7, 2022 | BUSINESS

Shiba Inu skyrockets, BTC stays at $41K: Crypto Prices

Shiba Inu escalates up to more than 27% in last seven-day trading. Bitcoin price remains above $41,000.

Shiba Inu shows a significant increase within a 24-hour trading period. Dogecoin parody coin is up by 22.07% at $0.00002818, and its current market cap ranking is 14.

The global market cap as of writing is $1.99 trillion by basing the crypto market chart CoinGecko. In addition, the market chart has presented a 0.5% increase in the whole cryptocurrency market over the last day.

Other digital coins update, except Shiba Inu

Moreover, most of the top ten cryptocurrencies by market cap bring off impressive gains throughout the weekend. Considering the total market value, most of the digital coins exhibits resilience.

At the time of publication, these are the currency as of today in the 24-hour trading session:

Ethereum (ETH) is $3,002.17, up by 15.4% in the last seven days.USD Coin (USDC) is $1. Binance coin (BNB) is $413.03. Cardano (ADA) is $1.13. Solana (SOL) is $112.99. XRP is $0.676173. Polkadot (DOT) is $21.24 and Terra (LUNA) is $54.32. Avalanche (AVAX) is $76.23.

Even Elon Musk’s favorite coin, Dogecoin, has an up to the mark trading performance. DOGE gains up to 6.2% over the last seven days at the time of publication, trading at $0.1516.

Bitcoin: Showing impulse, or not?

Bitcoin was a multi-week high last Friday and surged above $40,000 BTC/USD. As the weekly close on Feb. 6, bitcoin reached more than $41,000.

However, the price of bitcoin remains above $41,000 and continually tests $42,000 resistance. Because of the current price of BTC, crypto traders and analysts express different views.

Cryptocurrency trader TechDev expressed that Bitcoin impulse is not “done yet.” On the other hand, some observe bitcoin in a more sustainable price transformation.

Another crypto trader William Clemente sights $41,000 “as a support-resistance flip”, according to Cointelegraph. This bitcoin market behavior may secure the next surge, hitting $50,000.

Check out the list of digital currencies here on Bit-Xchange. Begin your cryptocurrency journey today. Stay up-to-date and sign-up here.