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Cryptocurrency prices today: Bitcoin gains big, short-term holders make profits

Cryptocurrency prices today: Bitcoin gains big, short-term holders make profits

India Today
Tuesday, February 08, 2022 06:17:45 AM UTC

Bitcoin punched through its 50-day average to top USD 44,000 for the first time in nearly a month.

The world's most popular cryptocurrency, Bitcoin, has broken above the USD 44,000-mark as the global crypto market by and large was trading in green.

Ending its two-month-long downtrend, Bitcoin was trading at USD 44,319, up by 3.56 per cent, according to data on coindesk.

BITCOIN GAINS

Bitcoin punched through its 50-day average to top USD 44,000 for the first time in nearly a month.

Following this upward movement in the global crypto market, short-term holders have made profits for the first time since November, according to details provided by coindesk.

PRICES OF MOST TOKENS UP

Prices of most tokens have rallied in the broader cryptocurrency market.

Read full story on India Today
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