![[뉴욕 코인시황/마감] Overall uptrend continued … Bitcoin rising beyond ,000](https://www.blockmedia.co.kr/wp-content/uploads/2020/12/비트코인-새-차트.jpg "[뉴욕 코인시황/마감] Overall uptrend continued … Bitcoin rising beyond ,000")
Eight of the top 10 stocks have risen, and 80 of the top 100 have a green light indicating an increase.
According to CoinMarketCap, the price of bitcoin was $48,422.41 at 4 p.m. New York time, up 7.80% from the previous 24 hours.
Ethereum rose 2.94%, Cardano 13.68%, XRP 5.73%, Polkadot 8.12%, Litecoin 5.77%, Binance Coin was 3.16%, and prices fell.
At this time, the market capitalization of the cryptocurrency market was $1.458 trillion, and the share of Bitcoin was 61.9%.
Source: Coin Market Cap (as of February 11, New York time at 4pm)
The Chicago Merchandise Exchange (CME)’s Bitcoin futures price also continued to rise. The most active February transaction rose by $3835 to $48,750, the March product rose by $3805 to $49,375, and the March product rose by $3845 to $585.
The Ethereum futures price rose by $78.75 in February to $1807.25, and in March by $81.50 to $1846.25 and April to $113.50 to $1903.50.
The cryptocurrency market continued to rise overall, focusing on major stocks.
Bitcoin increased its rise, exceeding $48,000, and its trading volume decreased from the morning to $77 billion.
Ethereum has also risen, continuing the $1800 test, while Cardano and Polkadot have continued to rise strongly.
Cointelegraph predicted that if the US dollar continues to weaken, Bitcoin’s breakthrough of 50,000 dollars will be possible.
The dollar bullish index (DXY), which has been proven to have the opposite correlation with the price of bitcoin, continued to decline while the price of bitcoin was hitting an all-time high recently, and the bullish rally of bitcoin ended with the rebound of DXY.
In response, Cointelegraph pointed out that the level of DXY could be the key to rising bitcoin prices.
In addition, if the index continues to decline below 92, it is expected that there will not be many factors that will prevent Bitcoin from surpassing $50,000 through high altitude.
According to Yahoo Finance, Fundstrat’s leading digital asset strategist David Gryder said the company is more than doubling Bitcoin’s existing forecast.
He said in his 2021 Cryptocurrency Outlook report two weeks ago that he had raised the Bitcoin target price from $40,000 to $100,000.
The company has a stronger outlook for Ethereum. Bloomberg reported last month that Fundstrat raised its Ethereum price target for 2021 to $1500.
Grider emphasized that Ethereum has the highest risk-reward ratio of all cryptocurrencies.
In the US New York Stock Market, the Dow index fell 0.02%, the Nasdaq rose 0.38% and the S&P 500 rose 0.16%.