Helium (HNT), Avalanche (AVAX) and Pickle rally on partnership announcements

Bitcoin (BTC) price continues to defy gravity and strong bullish breakouts often lead to short sellers quickly covering their positions. A repeat of this occurred on February 9 when Bitcoin rallied following news of a $ 1.5 billion Bitcoin purchase from Tesla. Bybt data shows that $ 1.34 billion Bitcoin futures were liquidated due to the sharp rally.

View encrypted market data daily. Source: 360 coin

Another notable event is the launch of CME Ether (ETH) futures contracts on February 8th. Many traders feared that the launch would drive down Ether prices, similar to the weakness seen in Bitcoin shortly after the futures launch in 2017. However, that hasn’t happened and the ether is still going strong.

Besides the major cryptocurrencies, several small tokens with strong use cases also performed well. Let’s examine three codes that have performed well in the current bullish environment.