Bitcoin Price and Ethereum Prediction: Will BTC and ETH Break Free from the Weekend Blues?
As Bitcoin and Ethereum continue dominating the cryptocurrency market, traders and investors are closely watching their price movements. Over the weekend, both Bitcoin and Ethereum have been trading within a narrow range, causing some concern among traders.
As we head into the new week, the question on everyone's mind is: Will BTC and ETH break free from the weekend blues and see a price breakout?
In this update, we'll take a closer look at the current state of Bitcoin and Ethereum, analyze their recent price movements, and provide predictions on whether we can expect to see a breakout in the near future.
Bitcoin, the world's largest cryptocurrency, is set to end this week positively as it surged above the $29,000 mark on Thursday, marking its highest level since June 2021, and recorded a gain of more than 3.5%.
Although, Bitcoin's current price is $28,565.21, with a 24-hour trading volume of $18,291,181,018. Bitcoin is still up 1.48% in the last 24 hours.
Meanwhile, Ethereum, the second-largest crypto, gained significant traction and traded around $1,830 with an intraday high of $1,846. It's up nearly 10% in March and spiked 52.8% year-to-date.
However, the current price of Ethereum is $1,824, with a 24-hour trading volume of $8.7 billion. Ethereum has gained nearly 1.50% in the past few hours.
However, the reason for their strong upward rally could be tied to renewed interest in high-risk assets and hopes of the Federal Reserve ending its rate-hiking cycle.
Furthermore, recent financial crises and regulatory developments have boosted Bitcoin (BTC) by raising interest and investment in the cryptocurrency, contributing to its recent price spike. On the downside, regulators continue to crack down on cryptocurrencies and
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