Bitcoin (BTC) and Ethereum (ETH) have seen significant price surges in the last seven days, with Bitcoin soaring by more than 35% and Ethereum by more than 25%.
This boost in the crypto market has sparked the interest of investors, who want to know how far these cryptocurrencies can go.The considerable increase in the value of Bitcoin can be attributed to actions aimed at improving the financial system.
Moreover, increased investor optimism in the potential of the US decreasing interest rates later this year has also played a role in supporting Bitcoin's gains.Ethereum, ranked as the second-biggest cryptocurrency in terms of market capitalization, has witnessed a substantial rise in its value.
Presently, it is being traded at $1,809.90, with a 24-hour trading volume amounting to $12,940,582,584. This upswing in ETH's price indicates a bullish trend in the cryptocurrency market.As of now in 2023, Bitcoin's value has increased by an impressive 55%, which is quite a feat for such a short time.Read more on cryptonews.com