Crypto Markets Flash Green As Bitcoin Price Crosses $3,700 and Ethereum Surges to One-Month High

By Daily Hodl Staff

The price of Ethereum just set a one-month high. Trading at $135.15 on Binance, ETH is currently up over 9% in the past 24 hours, at time of publishing, and up from its 30-day low of $103.29 on February 6.

All of the top 10 cryptocurrencies are flashing green except for Tether which is down 1.45%.

Bitcoin crossed $3,700 and is currently at $3,710 at time of publishing, up 2.12%, according to data compiled by Coin360.

Source: Coin360

Bitcoin posted a high-volume move on February 8 which pushed the price of BTC to $3,711, its highest level since January 19 and the biggest single-day rise since December 28, before falling back down below $3,650.

However, analyst Josh Rager, an advisor at TokenBacon and Blackwave, says that since February 8, “BTC has been moving slowly sideways as the next strong move builds.”

Rager sees BTC eying its first green monthly candle since July 2018.

Meanwhile Ethereum is continuing its bullish trend after rising 25% last week.

Source: CoinMarketCap

Flip flopping yet again with XRP, ETH is now the second largest cryptocurrency, according to CoinMarketCap.

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