Topic: Bitcoin Price Surges Above $10,000 And Ethereum Above $300 (Read 171 times)
I'm not surprised to see bitcoin and ethereum able to go up like that because the quality and interest of both coins is very high and I once saw price of both coins able to rise from the price of it in year 2017
The performance of both these top coins has really been great especially in last few days but i hope this will be sustainable and longterm not just the pump and dump kind of movement because now it is time that crypto market should prove itself with consistent and longterm gains because everything is in favor of the market at the moment.
It is going to be sustainable. Bitcoin is imminent to pump and as well as Ethereum due to 2.0.I'm also into long term gains and I'm fairly sure that we're on the right track if these two are the main attraction of our portfolios. If not, you have to choose wisely. If a month or two, we are at $10,000- $11,000 for bitcoin we can conclude that it is sustainable.
The performance of both these top coins has really been great especially in last few days but i hope this will be sustainable and longterm not just the pump and dump kind of movement because now it is time that crypto market should prove itself with consistent and longterm gains because everything is in favor of the market at the moment.
It's great to see ETH2.0 tested without any issues showing up at all, this is one of the reasons why ETH pumped like crazy for the past few days.
You also have to admire what Vitalik and the team is doing, they're not stopping with the project development and is kinda similar to what NEM has been doing. If ETH2.0 is for ETH, they got Symbol which is blockchain for businesses, people are already using it prior to their token launch.
You also have to admire what Vitalik and the team is doing, they're not stopping with the project development and is kinda similar to what NEM has been doing. If ETH2.0 is for ETH, they got Symbol which is blockchain for businesses, people are already using it prior to their token launch.
Interested if someone will grab the prize for the bug bounty program of Eth team for the release of this new version. I don't think it is 100% perfect yet, somebody will find something on their system. Because if it is not now, maybe later. But all in all, the crypto market is in the joyous mode.
The overall cryptocurrency market is surging northwards as Bitcoin and a majority of the altcoins are trading in green today. The world’s strongest cryptocurrency is showing strength at this stage jumping by more than 5% in the last 24 hours.
At press time, BTC is trading at $10,310 levels with a market cap of $190 billion. As per the WorldCoinIndex data, the 24-hour daily trading volumes have also crossed $7 billion at the time of writing this article.
This is for the third time in 2020 that Bitcoin has managed to cross the $10,000 mark. However, every time it did so, the BTC price has seen a major pullback from those levels going back close to $9,000 levels.
If we see the last week’s chart, Bitcoin has surged over 12% in the last one week to move above $10,000. However, the world’s largest cryptocurrency is seeing a major resistance of $10,500 and it has failed twice in 2020 to breach it.
If Bitcoin manages to breach it this time, we can see it setting up a new support here and start a bull run from there onwards. While Bitcoin has been said to be a ‘digital gold’ and a safe-haven against the stock markets, it hasn’t turned out that way.
In fact, the BTC price has been moving in line with the stock markets for this year. During the stock market crash of March 2020, the Bitcoin price crashed below $5000 levels, a whopping 50% fall from its mid-February high of over $10,000.
Bitcoin has managed to recover its losses since then. At the present levels, Bitcoin is trading at nearly 40% premium year-to-date.
On the other hand, the world’s second-largest cryptocurrency and Bitcoin competitor Ethereum (ETH) has also managed to show strength over the last week. In the last week, Ethereum (ETH) price surged more than 25% to cross above its crucial milestone of $300 over the weekend.
At press time, ETH price has surged 4.82% in the last 24 hours and is trading at $326 with a market cap of $36.15 billion. The sudden surge in the ETH price after the network’s daily transaction volumes reached its all-time-high last week.
The latest price surge amidst a significant surge in the DeFi activity on the Ethereum blockchain. Decentralized Finance (DeFI) contribute to a majority of the daily trading volumes on the platform as on date.
Ethereum developers have accelerated their work for the ETH 2.0 release which provides massive scalability boost over the existing network. While the existing Ethereum network can process only 15 transactions per second, the ETH 2.0 will hold the capacity to process 1000s of transactions per second.
The Ethereum 2.0 testnet launch is expected to happen next week on August 4.
Source: https://www.worldcoinindex.com/news/crypto-investors-rejoice-as-bitcoin-price-surges-above-10-000-and-ethereum-above-300
At press time, BTC is trading at $10,310 levels with a market cap of $190 billion. As per the WorldCoinIndex data, the 24-hour daily trading volumes have also crossed $7 billion at the time of writing this article.
This is for the third time in 2020 that Bitcoin has managed to cross the $10,000 mark. However, every time it did so, the BTC price has seen a major pullback from those levels going back close to $9,000 levels.
If we see the last week’s chart, Bitcoin has surged over 12% in the last one week to move above $10,000. However, the world’s largest cryptocurrency is seeing a major resistance of $10,500 and it has failed twice in 2020 to breach it.
If Bitcoin manages to breach it this time, we can see it setting up a new support here and start a bull run from there onwards. While Bitcoin has been said to be a ‘digital gold’ and a safe-haven against the stock markets, it hasn’t turned out that way.
In fact, the BTC price has been moving in line with the stock markets for this year. During the stock market crash of March 2020, the Bitcoin price crashed below $5000 levels, a whopping 50% fall from its mid-February high of over $10,000.
Bitcoin has managed to recover its losses since then. At the present levels, Bitcoin is trading at nearly 40% premium year-to-date.
On the other hand, the world’s second-largest cryptocurrency and Bitcoin competitor Ethereum (ETH) has also managed to show strength over the last week. In the last week, Ethereum (ETH) price surged more than 25% to cross above its crucial milestone of $300 over the weekend.
At press time, ETH price has surged 4.82% in the last 24 hours and is trading at $326 with a market cap of $36.15 billion. The sudden surge in the ETH price after the network’s daily transaction volumes reached its all-time-high last week.
The latest price surge amidst a significant surge in the DeFi activity on the Ethereum blockchain. Decentralized Finance (DeFI) contribute to a majority of the daily trading volumes on the platform as on date.
Ethereum developers have accelerated their work for the ETH 2.0 release which provides massive scalability boost over the existing network. While the existing Ethereum network can process only 15 transactions per second, the ETH 2.0 will hold the capacity to process 1000s of transactions per second.
The Ethereum 2.0 testnet launch is expected to happen next week on August 4.
Source: https://www.worldcoinindex.com/news/crypto-investors-rejoice-as-bitcoin-price-surges-above-10-000-and-ethereum-above-300
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