Bitcoin Price and Ethereum Prediction: Recovery of Nearly 5% - What's in Store for the Weekend?

cryptonews.com:

Over the past few days, the prices of Bitcoin (BTC) and Ethereum (ETH) have seen a significant increase, recovering nearly 5% of their value. This price movement has been welcomed by cryptocurrency investors and enthusiasts alike, as the crypto market has been experiencing a downward trend for the past few weeks. 

While the recovery is a positive sign, the question on everyone's mind is - what's in store for the weekend? Will the recovery rally continue, or will we see a reversal of the trend? 

In this blog post, we'll analyze the recent price movements of BTC and ETH and examine the factors that could influence their prices over the weekend. 

Although economic statistics in the United States have led to speculation that the Federal Reserve may become more aggressive with interest rate hikes, Bitcoin (BTC), the world's largest cryptocurrency, has surged above the $24,000 level and has continued to gain momentum throughout the day.

 Meanwhile, Ethereum, the second-largest cryptocurrency, has also gained significant traction and is currently trading above the $1,700 mark.

Despite recent regulatory actions and rumors, investors' interest in cryptocurrencies remains strong. This is due to several positive developments in the market, including increased adoption of Bitcoin (BTC) by businesses. 

On the other hand, investors reacted positively to the release of economic data on February 14, which showed a 5.6% year-on-year increase in the US Consumer Price Index, and on February 15, which showed a 3% monthly gain in retail sales.

Moreover, the US dollar began to lose momentum and dipped slightly on the day as the market readjusted ahead of the long weekend and anticipated signals from the Federal Reserve on how it intended to tackle