On February 7, 2018, the mood in cryptocurrency has changed to cautious optimism.BTC) bulls managed to bid its price back above support at $44,000 with the help of several positive developments, including the announcement that “Big Four” auditor KPMG added Ether and BTC to its portfolio (ETH) to its corporate treasury.

Source: Cointelegraph Markets ProAnd TradingViewIt shows that the BTC price hovered around $42,500 in the morning of February 7, but soared midday to $44,500 due to buying from short-term traders who scrambled for positions.