These Key Factors Might Push Ethereum To Outplay Bitcoin
Bitcoin, Ethereum, and the entire crypto market is often prone to price fluctuations. That’s why crypto investors must carefully monitor the market movement to avoid huge losses when prices are low. The crypto bear market could also be a time for long-term investors to leverage low prices and purchase assets which they can sell during bull runs. However, the past months’ losses have been nearly unbearable for investors as factors such as interest rate hikes and inflations escalated the issues. Nevertheless, the crypto market has recorded some relief in the past week as some assets....
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Binance’s BNB token has struggled to keep gains amidst a bearish-looking crypto market. The 4th largest crypto by market cap has kept over 15% profit in the last 7 days. This comes when other top tokens, including Bitcoin, struggle to trade in the green zone. As of writing, BNB has also recorded quite a fair amount of gains against Bitcoin and Ethereum. Specifically, the token has garnered around 5.02% over BTC and 5.71% over Ethereum. The coin is also on its way to retouching its 24-hour high of $340 as it trades at $336, press time. Related Reading: These Key Factors Might Push Ethereum....
The crypto industry is gradually seeing a glimpse of light with promising improvement in the performance of digital assets. Based on the flowing uptrend, Anthony Scaramucci, the founder and managing partner of Skybridge Capital, expressed optimism about the crypto future. Furthermore, he pointed out the key players that would positively impact crypto markets in the future. Scaramucci advised that investors should keep up their confidence and focus as they look beyond the present atmosphere. There would be a change for greater market profitability due to a long-term overtake with price....
Ethereum has been stuck below $380 for the past few days, which is a critical level that has long held serious influence over the entire crypto market. If it remains stuck below this level, it could be a sign that bulls are losing their edge over the asset and that further downside is imminent. ETH’s […]
Yes, the weakening yuan is responsible for the rise in the price of Bitcoin. But what about some other efforts that have been playing complementary roles to push the top digital currency's price to a level that is far higher than what we have experienced in previous years? And with the look of things, the reality is: these contributing factors are the mainstay of what is keeping the price of Bitcoin stable and unwilling to give in to any form of reversal. Bitcoin’s price has gone up $100 in a month from about $605 as at September, 30 to up to $705 by October 28 - as at the time of this....
In the past few days, some leading cryptocurrencies, such as Bitcoin and Ethereum, have shown a bullish price trend. Some link the reversal in value to the US President and the Fed’s recent outplay of events. However, Glassnode has a contrary opinion. The blockchain analytics firm believes that the fundamental change in price value is […]