The crypto market is on the rise: bitcoin is moving towards $100 000

The capitalization of the crypto market has reached $3.355 trillion (+$67 billion). The share of bitcoin is 58.0%, ether – 9.7%. The fear and greed index rose from 43 to 47, reflecting neutral investor sentiment.  

Trading on February 10 for BTC/USDT ended with an increase of 1%, to $97,430. Bitcoin's movement continues to correlate with stock indexes amid a lack of significant news about BTC reserves and regulatory measures. 

One of the pressure factors was the escalation of trade tensions between the United States and China. Beijing has imposed tariffs of 15% on liquefied natural gas and coal, and 10% on oil. In response, the United States increased duties on aluminum and steel to 25%. Nevertheless, the cryptocurrency market remains stable.

In the Asian session, bitcoin is trading at $98,240. The growth of futures on the S&P 500 index creates a favorable background, which can support the upward movement of cryptocurrencies. The target correction level is currently estimated at $102,500, with resistance at $100,000. A steady consolidation above $102,500 can change the current picture, which is dominated by sellers. Some altcoin/BTC pairs are growing in the altcoin market, which puts pressure on the bitcoin exchange rate against the dollar and may affect its further dynamics.