Top 3 Coin Market Analysis Weekly: Bitcoin, Ethereum, and Top Altcoins.
Bitcoin has recovered $35,000 in value and is now trading at $35,141. Finally breaking $1,880, ETH indicates that there is more hope for cryptocurrencies. The king of cryptocurrencies fell below $34,000 after trying the $36,000 obstacle. Although a lot of investors were anticipating a support test at $33,500, the price swiftly recovered, showing that there was significant demand and a desire to reach $40,000.
In order for Bitcoin to give up on its $48500 objective, weekly closures below $32800 are required. The growing institutional demand, the likelihood of ETF approvals, and the shifting market perception that the Fed may reduce rates by 100 basis points in the upcoming year all point to the eventual happiness of cryptocurrency investors, who have been suffering for the last two years.
Ethereum (ETH) has crossed $1,880, and altcoin investors should be happy to see a $2,000 test if BTC doesn't see sharp declines. Ether's genuine climb will begin above $2,000, and given the current range of BTC prices, it wouldn't be shocking to see support for ETH developing over $2,500.
Solana (SOL), one among the top 10 cryptocurrencies, has surpassed the $42 barrier and established a record gain. Its present position suggests a robust rally that may reach $80. CAKE, EGLD, IMX, and RUNE are four of the top 100 cryptocurrencies that have increased in value by 43% to 71%.
