From Nasdaq:

Cryptocurrencies had mixed trading as East Asia celebrated the Lunar New Year. Bitcoin rose by 1.72% to $48,535, Ethereum increased by 0.22% to $2,516, and Dogecoin fell by 0.18% to $0.081. Analysts forecasted Bitcoin’s price to surge by 11% as investors hope for Bitcoin exchange-traded funds. Crypto market cap now stands at $1.70 trillion, showing a 2.90% increase.

U.S. stock futures held steady after a historic week for the S&P 500. The Consumer Price Index and economic data are set for release this week. Cryptocurrency analyst Michael Van de Poppe observed resistance for Bitcoin at $48,000-50,000, while Ali Martinez reported Bitcoin whales spending $6.16 billion on accumulating BTC over 3 weeks. CryptoQuant CEO Ki Young Ju predicted Bitcoin reaching $112,000 this year.



Read more: Bitcoin, Ethereum, Dogecoin Trade Mixed As Year Of The Dragon Dawns: Analyst Predicts 6-Figure Price Target For King Crypto