The largest cryptocurrency in the world, Bitcoin, has continued its upward trend and attracted more offers around the $28,000 level as the overall market value of cryptocurrencies surpassed $1.17 trillion, signalling good market momentum and boosting BTC gains.
This pattern correlates with difficulties faced by certain significant US banks, which has reignited debates over the value of digital currency.
Similar to Bitcoin, Ethereum has maintained its bullish trajectory and is currently trading well above $1,800. Significant gains have also been made by other cryptocurrencies like Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL).
It’s important to note that Bitcoin, the most widely used cryptocurrency in the world, has climbed by 37% during the past week.
According to this, Bitcoin’s value will have increased by $194 billion, or 66%, by 2023.
But, growing concerns about a global financial crisis led investors to look for alternate forms of currency, like Bitcoin, to protect their holdings.
Today’s Ethereum Price
| DATE | ETC | USD |
|---|---|---|
| Today | 01 | $ 1,761.07 |
Ethereum Price Prediction
The ETH/USD pair has a positive bias, although its rising momentum is not as powerful as Bitcoin’s. Currently, Ethereum is battling to surpass the $1,800 mark. If the ETH/USD pair succeeds in breaking through this barrier, it will probably encounter immediate resistance at the $1,900 level.
On the downside, the $1,700 or $1,620 level is anticipated to provide immediate support for the ETH/USD pair.
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