Bitcoin, Ethereum, Solana, Binance Coin, Ripple, Cardano, Avalanche, Dogecoin, Chainlink, Polkadot: In-depth examination of their prices on February 14

Bitcoin’s market capitalization reached $1 trillion on February 14, driven by strong demand from newly launched spot Bitcoin exchange-traded funds (ETFs). Inflows into these ETFs totaled over $600 million on February 13 alone. Interestingly, the ETFs bought 10 times more Bitcoin than what miners produced on February 12. According to Anthony Pompliano, the founder of Pomp Investments, approximately $200 billion worth of Bitcoin is currently tradable, as 80% of the total supply has been inactive. Pompliano also noted that within just 30 days of their launch, the Bitcoin ETFs have consumed 5% of the entire tradeable supply of Bitcoin. The surge in Bitcoin’s price led to a Crypto Fear and Greed Index score of 79 on February 13, indicating “extreme greed.” The last time the index reached this level was in November 2021 when Bitcoin hit its all-time high of $69,000. It is important for traders to closely monitor Bitcoin’s technicals for any signs of a potential reversal in the near future. The article then proceeds to analyze the price movements of the top 10 cryptocurrencies, including Bitcoin, Ether, Solana, BNB, XRP, Cardano, Avalanche, Dogecoin, Chainlink, and Polkadot. However, it is worth noting that this article does not provide investment advice or recommendations, and readers should conduct their own research before making any investment decisions.