Bitcoin Surges Past $9,500 for the First Time This Month

Siamak Masnavi

On Wednesday (February 5), the price of Bitcoin surged past $9,500 for the first time since last Thursday (January 30).

According to data from CryptoCompare, at 16:00 UTC today, the Bitcoin price moved above the $9,500 for the first time this month. By 16:55 UTC, it had reached $9,564. 

At press time (17:45 UTC), Bitcoin is trading at $9,550, up 4% in the past 24-hour period. 

Bitcoin's market cap is currently around $173.8 billion. So far, this year, Bitcoin is up 32.83% against USD. 

Earlier today, former eToro Senior Analyst Mati Greenspan, who is the Founder of FinTech and crypto consultancy Quantum Economics, predicted that Bitcoin could reach $10K by the end of today (February 5):

Gabor Gurbcas, the digital asset strategist/director at VanEck/MVIS, had a "gentle reminder" for those naysayers who have long been predicting the demise of Bitcoin:

As for the famous "Bitcoin Fear and Greed Index", as of 12:00 UTC on February 5, its value was 53 ("Neutral"):

Popular crypto analyst/trader Josh Rager, who is also a Co-Founder of online crypto learning platform Blockroots, as well as an advisor to several blockchain startups, offered this bit of technical analysis: 

The altcoins are also doing very well today, with all cryptoassets in the top 20 in the green; of these, the three biggest gainers are Bitcoin Cash (+14.53%), Bitcoin SV (+12.56%), and Dash (+11.32%).

Featured Image by "David McBee" via Pexels.com