Hi.
Today, I want you to notice some weekly changes in BTC and ETH and some simple suppositions.
As I've mentioned in one of my early posts, I am learning. On a daily basis.
Analyzing the market is one of my passions.
👇👇👇
The cryptocurrency market is starting to turn green this weekend, with the most popular Bitcoin cryptocurrency rising for the first time over $ 61,000 in almost a month of shadows. Meanwhile, the Ethereum (ETH) platform has set a new record.
Currently, BTC is trading at $ 59,814.05, correcting from the USD 61,206 high reached yesterday. What I could notice this week: prices rose by almost 5% in one day and by over 2% in a week.
At the same time, ETH is up 4.5% in one day and is trading at $ 2,156.27, after setting a new high of $ 2,198 yesterday morning. Prices rose 1.5% in one week.
The rise in the value of BTC is probably due to increased interest from financial institutions. There have been several reports of plans by banking giants - Goldman Sachs and Morgan Stanley - to open the doors of their wealthy customers to Bitcoin.
In addition, selling pressure on Bitcoin began to subside as the indicator of long-term net position holders began to turn green for the first time in five months, suggesting that BTC miners began to accumulate BTC for their sale.
Another reason for the increase is that, on April 5, the total capitalization of cryptocurrencies exceeded 4 trillion dollars - more than the value of the S&P 2 Banks composite index.
How do you think these changes impact our Leo, Cub, Hive, HBD, and second-layer tokens? I've seen some small changes around here over the last 2 days as well.
💚 🌠Thank you for reading. I try to stay short, coherent, and updated.
With respect,
@regenerette
