The XRP price and Ethereum price are in a good momentum lately. However, the real focus of the latest cryptocurrencies news lies in Bitcoin and its recent surge towards $9,800. Even though the price of BTC is still not at $10k on the actual market, the CME Bitcoin Futures officially hit five-figures and started trading at $10,000.
Ever since February 6, we can see that the price of Bitcoin has stopped gaining new percentage points and is now below $9,800. At the same time, CME’s futures are hovering around the $9,900 marks.
Still, the Bitcoin news now also show that the $10k target is closer than ever before – and considerable enthusiasm has accompanied the sustained price momentum for Bitcoin (BTC) throughout the past week’s trading.
After initially challenging the $9,000 support on February 4, we saw an abrupt upward surge in the news, seeing the CME Bitcoin futures officially getting closer to $10,000 which are their best position since 2019.
As per the regular analyst and contributor filbfilb, the press time levels are representing an important watershed for BTC/USD and a major move in either direction could signal strong possibilities.
“Overall picture is good going into the close… Would be glorious if CME takes us across 10k into the close,” he said in a post sent to subscribers on his Telegram trading channel on Friday.
The analyst added that now that CME Bitcoin futures officially are close to $10,000, there is potential support at $9,550 which puts Bitcoin in a strong position again. All in all, the futures markets have continued to reach new achievements and the fellow operator BitMEX has been seeing new record open interest for its own futures product – valued at $1.5 billion.
Meanwhile, news from the market show that the Ethereum price is in the focus of the top 5 largest cryptocurrencies by market cap today – rising by 3.95% to a new price point at $221. That said, ETH is moving similar to Bitcoin and following the rise from the shadows. In the top 10, we can see that Binance Coin (BNB) is rising and today posted 6.64% gains coupled with the news that the exchange added support for CZK, BGN and RON to its platform.
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