Bitcoin [BTC] on Thursday briefly topped $49,000 for the first time since December 2021, as U.S.-listed Bitcoin spot exchange-traded funds (ETFs) began trading amid heightened anticipation.
The largest crypto asset by market capitalization rose from under $46,000 earlier in the day to over $47,000 and then accelerated, hitting $49,042 early in the U.S. trading session, according to data from CoinDesk Indices, which collects prices from several exchanges. Then it gave up all its gains and fell below $46,000.

Ethereum (ETH) saw a 20% surge this week, hitting a 620-day high.
The crypto community is unsure if ETH can maintain this momentum to reach $3,000 or if a market correction is imminent.
Solana’s appreciation in 2023 is highlighted, attributed to its significant decline in the previous year – almost 97%, compared to 77% for Ethereum.
Ethereum (ETH) saw a remarkable 20% increase this week, reaching a staggering 620-day high. As the crypto community watches this bullish move with bated breath, the question that arises is whether ETH can maintain this momentum and potentially reach the coveted $3,000 mark or whether a market correction is imminent.

The battle between HODLers and traders has been a longstanding debate. While both strategies have their merits, recent trends suggest that HODLers are emerging as the victors, particularly in bull markets. In this article, we'll delve into the reasons behind the success of HODLers during bullish phases and explore why this approach often outperforms active trading.The HODL Mentality: A Stronghold in Bull Markets 1. Patience Pays OffHODLing, a term derived from a misspelled word "hold," emphasizes the importance of long-term commitment. During bull markets, prices of cryptocurrencies often experience significant upward trends. HODLers benefit from patiently holding onto their assets, allowing them to ride the wave of escalating values without succumbing to the emotional roller coaster of short-term price fluctuations. 2. Emotional ResilienceTraders frequently face the challenge of making split-second decisions based on market sentiment and technical analysis. In contrast, HODLers maintain a more relaxed stance, insulated from the stress induced by constant monitoring. This emotional resilience enables them to weather market volatility without making impulsive decisions that might compromise their long-term gains. Why Trading Takes a Back Seat 1. A Risky EndeavorAttempting to time the market perfectly is a daunting task, even for the most seasoned traders. Bull markets are characterized by rapid and unpredictable price movements. HODLers, by holding onto their assets, avoid the complexities and uncertainties associated with pinpointing optimal entry and exit points. 2. Transaction Costs and TaxesActive trading incurs transaction costs and taxes with each buy and sell order. These expenses can significantly erode profits, especially during periods of high trading activity. HODLers, by minimizing their trading frequency, reduce the impact of these financial drains, allowing them to retain a larger portion of their gains. The Case for HODLing: Real-Life Examples 1. Bitcoin's Historic SurgeExamining Bitcoin's historic bull runs reveals the success of the HODL strategy. During the bull market of 2017, HODLers who resisted the urge to sell during short-term corrections ultimately reaped the benefits as Bitcoin reached unprecedented highs.2. Altcoins and HODLingThe HODL strategy extends beyond Bitcoin. Many altcoins have experienced exponential growth during bull markets, rewarding HODLers who remained steadfast in their commitment to long-term holdings. Conclusion: HODLing Triumphs in Bull MarketsThe HODL mentality proves its mettle during bull markets. Patience, emotional resilience, and the avoidance of unnecessary costs contribute to the success of HODLers. While trading remains a viable option for some, the evidence suggests that adopting a HODL strategy positions investors for long-term success in the volatile yet rewarding world of crypto.#btc #ETH!