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Bitcoin (BTC) Climbing Past $30K Triggers Positive Sentiments

Published 02/08/2023, 11:34
Updated 02/08/2023, 11:45
© Reuters. Bitcoin (BTC) Climbing Past $30K Triggers Positive Sentiments
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  • BTC was able to rise above the psychological $30K level over the past 24 hours of trading.

  • This attracted the attention of traders as BTC’s volume rose by more than 50% since yesterday.

  • A noteworthy bullish technical flag was on the verge of being triggered on BTC’s daily chart.

Things are looking up for the market leader Bitcoin (BTC) after its price was able to conquer the $30K level over the past 24 hours of trading. This came after BTC’s price rose by more than 2% during this time period. Since then, its price has fallen below the psychological level and it was trading hands at $29,552.22 at press time, according to CoinMarketCap.

This boost in BTC’s price also enabled it to strengthen against Ethereum (ETH) by about 0.85%. Additionally, the market leader’s 24-hour trading volume shot up by more than 50% throughout the past day, which left it standing at around $19.68 billion.

The on-chain analytics platform, Santiment, shared on Twitter earlier this morning that BTC’s visit above $30K caught the attention of traders as volumes were rising for the crypto king. Santiment also revealed that BTC’s latest move could shift negative sentiments …

The post Bitcoin (BTC) Climbing Past $30K Triggers Positive Sentiments appeared first on Coin Edition.

The post Bitcoin (BTC) Climbing Past $30K Triggers Positive Sentiments appeared first on Coin Edition.

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