Markets Update: Cryptocurrencies Gain Billions in Less Than an Hour

Markets Update: Cryptocurrencies Gain Billions in Less Than an Hour

"Cryptocurrency prices have spiked significantly in value during afternoon trading sessions on Feb. 8. The entire market cap of the top digital assets recorded today has added over $15 billion in fiat value in just one hour. Also Read: Public Transportati..."

_{Read more: news.bitcoin.com}

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XRP Price Analysis – February 8

Today, a bullish candlestick has broken the 12-day EMA and it is approaching the 26-day EMA. If the bulls break the EMAs and the price is sustained above the EMAs, then the crypto will revisit the $0.33 level.

_{Read more: www.cryptoglobe.com}

Bitcoin (BTC) Price Analysis – February 8

On February 8, the bulls broke the 12-day EMA, the 26-day EMA, and the bearish trend line. Here, the theory on the trend line tool application has been fulfilled but lower time frames are not reliable

_{Read more: www.cryptoglobe.com}

Tron (TRX) Price Analysis – February 8

The cryptocurrency is in consolidation in its short-term outlook. After a smooth ride to $0.02685 in the supply area, the bulls lost momentum with the candle closing below the upper price area of the range.

_{Read more: www.cryptoglobe.com}

Ethereum (ETH) Price Analysis – February 8

Today, the bulls have broken the EMAs and the crypto price is now in the bullish trend zone. The crypto’s price has reached a high of $109 but will face resistance at $114 price level.

_{Read more: www.cryptoglobe.com}

Other hot crypto news today

• SEC Commissioner Jackson Thinks Regulator Will Approve BTC ETF, Leaked Interview Shows
• Crypto Investor Brock Pierce Is Attempting to Pull Mt. Gox From the Ashes
• Bitcoin Breaks the $3,450 Mark Amid Minor Stock Market Sees Downturn
• Fake Website Mimicking Bakkt Platform Fails to Scam Crypto Community
• Litecoin Foundation and Beam Partner to Explore New Protocol, LTC Price Soars 30%
• ‘Swiss Leaks’ HSBC Whistleblower Plans to Launch ‘Clean, Ethical’ Crypto Token
• Italian Parliament Approves Bill Defining Distributed Ledger Tech, Blockchain Terms
• Smart Contracts Are No Problem for the World’s Legal Systems, so Long as They Behave Like Legal Contracts
• ‘India Wants Crypto’ Campaign Passes 100 Days With Growing Support

_{Follow me @cryptonized for the latest cryptocurrency news...}