The price of bitcoin continued to rise on Monday. On February 7, quotes crossed the level of $44,000. The total market capitalization exceeded $2 trillion, according to CoinGecko.
At the time of writing, the price of BTC has consolidated at $44,195. Over the past day, the asset has risen in price by 5.0%, over the week – 16.4%.
The cost of Ethereum has crossed the $3,000 level and is trading near $3,175 at the time of writing. The asset has grown by 5.7% over the past 24 hours.
Assets from the top 10 by capitalization also showed growth. For example, XRP from Ripple (+17.4%). It came close to its closest competitor, Solana (+5.8%). The stablecoins USDT and USDC were in the red zone.
Prior to this, Fundstrat Managing Director Mark Newton suggested that in the next few months, the price of BTC with a “good probability” could reach a local bottom. Among the key technical levels for bulls he donated $40,000.