Bitcoin closed last week at almost the same level as it was on February 5, hovering just over $8000.
According to the cross rate data from Coinmarketcap, the price of the past 7 days Bitcoin’s opening and closing values were around $8300, receding to $6111 on February 6, and $9109 on February 10.
The market is large like India and the USA. affected by regulatory changes in trading markets. During the week, press focus on India and the US was affecting price volatility, according to Cointelegraph’s report.
In social media, traders and commentators called for Bitcoin rich to sell their holdings, and towards the weekend Bitcoin hit $9000.
Forecasting for this week, Tone Vays on Friday said the $10,000 threshold was “very hard to beat.” we need to exceed the daily average movement (about $10,300). 128 was a big support, now it will be a big resistance.”
Altcoins also changed proportionally to Bitcoin in 2018, only Ripple made a short-term counter move last week.
50 assets tracked by Coinmarketcap saw a moderate drop last Sunday, only the new altcoin U.CASH did not follow this trend, increasing 1000% in 24 hours to No. 33 by market cap and capturing $645 million.
CoinTelegraph