Crypto Prices Today: Market Bullish For Second Straight Day, Bitcoin Gains 11.57%, Ethereum Up 9.27%

The global crypto market was bullish for the second consecutive day, on February 16, 2023. It was a profitable day for Bitcoin (BTC), Dogecoin (DOGE), Ethereum (ETH), Solana (SOL), and other major alt coins.

The global cryptocurrency market capitalisation stood at $1.12 trillion at 11 pm IST, an increase of 8.78 per cent from the previous day, according to data from

The total crypto market volume increased by 25.13 per cent to $73.36 billion over the last 24 hours.

The top trending crypto was Blur (BLUR), but the top gainer for the day was Optimism (OP), up by 19.06 per cent to $2.83, while the top loser was PAX Gold (PAXG), down by 0.50 per cent to $1,824.73.

Cryptocurrency Prices

Bitcoin: The price of Bitcoin rose by 11.57 per cent to $24,670.34. After multiple days of trading in red, Bitcoin started making gains on February 15, 2023. On Thursday, BTC extended the gains further.

During the period between 1.25 am and 6 am IST, the price of Bitcoin rose from $23,276 to $24,755. Correspondingly, its trading volume jumped from $26.72 billion to $33.81 billion.

Ethereum: ETH’s price rose by 9.27 per cent to $1,693.07. ETH extended its gain from yesterday. A gradual upward trend was seen in Ethereum, and at 12.40 am IST on Thursday, its price shot up from $1,589 to $1,688 in two hours. Its trading volume levels surged from $7.50 billion to $9.41 billion.

The lowest price for ETH was $1,546. ETH’s trading volume was up by 26.54 per cent to $11.6 billion.

Other Altcoins

Solana (SOL) was up by 10.49 per cent to $23.85.

In its 24-hour trading, Ripple’s (XRP) price rose 5.07 per cent to $0.4013, even as its trading volume surged 14.37 per cent. 

Cardano (ADA) was up by 6.48 per cent to $0.4104. After a 4.14 per cent increase, its 24-hour trading volume reached $529 million.

Binance (BNB) rose 9.23 per cent to $324.09. Its 24-hour trading volume was up by 35.89 per cent to $870.7 million.

Meme Coins

Dogecoin rose 4.20 per cent to $0.08951, and its 24-hour trading volume rose by 15.98 per cent.

Shiba Inu was up by 7.29 per cent to $0.0000137.

Decentralised Finance (DeFi)

Yearn.Finance (YFI) surged by 5.98 per cent, even though its 24-hour trading volume was up by 56.34 per cent.

Avalanche (AVAX) was up by 10.28 per cent to $20.03, and its 24-hour trading volume increased by 24.89 per cent.

Aave (AAVE) was trading with a gain of 6.75 per cent at $89.32.