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Bitcoin
Bitcoin (BTC)
$66,659.00 -0.90401
Bitcoin price
Ethereum
Ethereum (ETH)
$3,463.99 -0.54546
Ethereum price
BNB
BNB (BNB)
$580.69 -2.13305
BNB price
Solana
Solana (SOL)
$176.42 -1.2864
Solana price
XRP
XRP (XRP)
$0.5983880 0.57552
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 -2.48141
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -2.45456
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Bonk
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$0.0000284 -7.70362
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Bitcoin
Bitcoin (BTC)
$66,659.00 -0.90401
Bitcoin price
Ethereum
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$3,463.99 -0.54546
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BNB
BNB (BNB)
$580.69 -2.13305
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Solana
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$176.42 -1.2864
Solana price
XRP
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$0.5983880 0.57552
XRP price
Shiba Inu
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$0.0000173 -2.48141
Shiba Inu price
Pepe
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$0.0000118 -2.45456
Pepe price
Bonk
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$0.0000284 -7.70362
Bonk price
Bitcoin
Bitcoin (BTC)
$66,659.00 -0.90401
Bitcoin price
Ethereum
Ethereum (ETH)
$3,463.99 -0.54546
Ethereum price
BNB
BNB (BNB)
$580.69 -2.13305
BNB price
Solana
Solana (SOL)
$176.42 -1.2864
Solana price
XRP
XRP (XRP)
$0.5983880 0.57552
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 -2.48141
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -2.45456
Pepe price
Bonk
Bonk (BONK)
$0.0000284 -7.70362
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Bitcoin surpasses the $50k mark, positive sentiment growing

bitcoin-surpasses-the-50k-mark-positive-sentiment-growing
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Bitcoin surpasses the $50k mark, positive sentiment growing

Bitcoin (BTC) has surpassed the $50,000 mark for the first time since December 2021 on its way to an all-time-high. Following the bullish sentiment, the broader crypto market surged as well. 

Bitcoin is up by 3.9% in the past 24 hours and is trading at $50,050 at the time of writing. The flagship crypto asset’s market cap is getting close to the $1 trillion mark — currently standing at $982 billion. 

Bitcoin surpasses the $50k mark, positive sentiment growing - 1
BTC price, whale activity, open interest, funding rate, and RSI – Feb. 13 | Source: Santiment

The daily trading volume of BTC also surged by 105%, reaching $39 billion. 

Following Bitcoin’s price rally, the global crypto market cap increased by 4.2% and currently hovering around $1.96 trillion, according to CoinGecko. Notably, Bitcoin’s dominance declined from 52% to 50% over the past day, per the price aggregator. 

According to data provided by Santiment, the number of whale transactions consisting of at least $100,000 worth of BTC increased from 7,510 to 12,206 unique daily transactions over the past 24 hours. 

When an asset’s whale activity suddenly rises, high volatility is usually expected. 

Santiment data shows that Bitcoin’s Relative Strength Index (RSI) is currently hovering around 84. The indicator suggests that the BTC price could soon face rejection and a decline below the $50,000 mark is very likely.

For Bitcoin to stay in the bullish zone, its RSI would need to cool down below the 65 mark at least. 

According to the market intelligence platform, the Bitcoin total open interest (OI) surged from $9.3 billion to $9.8 billion in the past 24 hours. Moreover, the total funding rate aggregated by BTC is currently standing at 0.01%, suggesting that long-position holders are slightly dominating short traders until further price movements.

Furthermore, a recent report revealed that spot BTC ETFs accumulated over $2.8 billion in net assets despite Grayscale’s large withdrawals. 

Santiment data shows that 53% of the conversations on social media show positive sentiment toward Bitcoin while nearly 40% are pessimistic despite the bullish momentum.