#BTC #Ethereum Bitcoin and Ethereum: Current News as of December 29, 2024
As of December 29, 2024, the cryptocurrency market shows significant activity, especially regarding the two leading digital currencies — Bitcoin (BTC) and Ethereum (ETH).
Bitcoin (BTC):
Current price: around $95,079.
Ethereum (ETH):
Current price: around $3,410.
Dynamics: Since the beginning of 2024, Ethereum has grown by approximately 15%, outpacing Bitcoin in growth rates.
Key events:
Potential approval of spot ETFs on Ethereum: After the successful launch of 11 spot ETFs on Bitcoin in the USA, investors are expecting a similar move for Ethereum, which could strengthen its market position.
Vitalik Buterin's donation: Ethereum co-founder Vitalik Buterin donated 88 ETH (around $293,000) to the Khao Kheow Open Zoo in Thailand, becoming the "adoptive father" of the dwarf hippopotamus Mu Den.
Forecasts and analytics:
Ethereum's leading growth: QCP Capital analysts predict that in the medium term, Ethereum will continue to outpace Bitcoin in growth rates, especially amid expectations of spot ETF approvals.
Activity in the Litecoin network: Activity in the Litecoin network has increased by 10% over the year, which may indicate heightened interest in alternative cryptocurrencies.
Conclusions:
Current trends indicate a strengthening position for Ethereum in the cryptocurrency market, driven by expectations of spot ETF approvals and increased investor interest. Bitcoin, despite a recent correction, remains stable, continuing to be attractive for long-term investors.