BTC Fails to Post Gains as Bulls Control the Market, BONK Rallies 11%

The bulls are in control of today's session, as seen from the increase in the global market cap. Bitcoin, $BTC, has failed to post gains in today's

Cryptocurrency prices today: Bulls rule the day as BTC fails to post gains, while ETH trades flat. Among the gainers are BRETT, Goatseus Maximus, and Bonk, while ApeCoin leads the losers.

The global cryptocurrency market cap on Friday, February 10, saw a slight uptick, increasing by 0.20% over the last 24 hours to stand at $3.09 trillion, while the trading volume dropped by 7.12% over the same period to stand at $179.23 billion as of press time.

Cryptocurrency prices today: Top gainers, losers

Among the gainers in today's session, we have BRETT, which soared by 9.29%, followed by Goatseus Maximus and Bonk, which rose by 9.78% and 11.14%, respectively.

On the other hand, ApeCoin led the losers, dropping by 2.23%, followed by Theta Network Token and Decentraland, which fell by 1.82% and 1.53%, respectively.

Bitcoin, Ethereum prices today

Bitcoin failed to post gains in today's session, as seen from its price movements. Looking at an in-depth analysis, we see that the Bitcoin price is hovering near the upper Bollinger Band, which often indicates strong upward momentum. The bands are widening, indicating increasing market volatility.

4-hour BTC/USD Chart | Source: TradingView

Moreover, an upper Bollinger Band usually signals a good time to sell for traders that follow technical analysis strategies. However, a breakout from the upper band could lead to further gains for BTC.

On the other hand, we see that the ADX (Average Directional Index) is around 15.67, which generally indicates a weak trend. In this context, despite the apparent uptrend, the trend strength is not very strong.

Bitcoin traded at $92,886 as of press time, showcasing a 1.31% decrease over the last 24 hours.

Ethereum failed to emerge among the gainers in today's session as also seen from its price movements. Looking at an in-depth analysis, we see that the Ethereum price is above the Alligator’s jaws, which usually indicates a bullish phase.

4-hour ETH/USD Chart | Source: TradingView

Moreover, an upper Alligator usually signals a good time to sell for traders that follow technical analysis strategies. However, a breakout from the upper Alligator could lead to further gains for ETH.

On the other hand, we see that the MFI (Money Flow Index) has a reading of 43.14, which shows moderate buying pressure, but not yet overbought, which could allow room for more upside.

Ethereum traded at $3,122 as of press time, indicating a 0.31% decrease over the last 24 hours.