Topic: Price of Bitcoin and Ethereum - page 2. (Read 367 times)
Bitcoin can be seen as the face of the entire crypto currencies, most investors only invest in other coins because of the influence Bitcoin has on their value and prices, when the bull run comes almost all the altcoins are affected and follow suit because most investors that cant afford to buy bitcoin in whole would just go for the altcoins and get some coll profits from it too. I Don't think altcoins can survive on their own without bitcoin
Generally, prices of cryptocurrencies rise or fall along with bitcoin. This is because investors usually use bitcoin as their standard. If bitcoin’s price is rising, the more they want to invest but they would rather buy cheaper currencies that may perform just as well as bitcoin hence why they will start looking for other altcoins
Bitcoin is the king of cryptocurrency and Ethereum is the number two, as far as I know these two are the most reputable cryptos in the market, so it's not surprising that Ethereum, will follow the bull or bear seasons of Bitcoin, and when either of the seasons happens, other altcoins tend to follow their trends too. I think that the maths is quite simple, when Bitcoin is headed to bull run, investors will be making massive profits because of it's constant price pump, and they'll want to take advantage of it to also invest in altcoins to generate more profits, also because altcoins can pump and give more profits on the short term. But investors needs to be cautious about the altcoins to buy because it's not all of them that are worth investing money in, this is why I prefer top altcoins like Ethereum.
Bitcoin and Ethereum. Bitcoin is the cryptocurrency king. Bitcoin holds the number one position in cryptocurrencies and Ethereum holds the second position. I read somewhere before that when the price of Bitcoin goes up, so does up the price of Ethereum too. And while checking the market today I noticed that, really the price of Ethereum has risen along with the price of Bitcoin, Bitcoin price today is 52k and Ethereum price today is $2825.65, and Bitcoin has gained 15.9% in the last 7 days and Ethereum has gained 16.6% in the last 7 days. So does the price of Ethereum really go up when the price of Bitcoin goes up? And does Bitcoin's bull market actually coincide with Ethereum's bull market? What is your opinion on this matter? And correct me if I'm wrong.
It is a known fact that the price of ethereum follows the price of bitcoin very closely, however since we are talking about two different projects the way they move is not exactly the same, most of the time bitcoin will move first and will begin to outperform ethereum and most altcoins during its bull run, but after a few months altcoins in general, including ethereum, will begin to catch up with the positive movement of bitcoin, allowing you to make even more money thanks to those altcoins if you decide to take the risk with them. 
I have noticed that from November last year till date, Bitcoin seems to be the major currency that have moved the most. ETH, BNB and other top cryptocurrencies rarely moved. From when the present bull run started, Bitcoin has done more than double its price from the dip while many major altcoins have not done more that 50% rise. This makes me wonder when the altcoin season will come and if it will ever come. Those who diversifies their investment to altcoins might be regretting not leaving everything in Bitcoin unless the altcoins season finally arrives.
As it stands the will not regret hence they still have some hodlings in bitcoin, diversification is jsht like not putting all your investment in one place, in think this idea is not bad, but I will always advocate that people should have the major hodling in bitcoin because of it transparent character, talking about the price of Bitcoin and ETH I don't think that there is any comparison between this too, between will surpass ETH anytime any day, the two coin are not mate both in terms of transaction and publicity, a little shift of price in bitcoin will make ETH to go very high because of interest from the market force, currently, the movement of Bitcoin seems unbelievable though it is expected to happen since it is bullrun in progress.
Bitcoin and Ethereum. Bitcoin is the cryptocurrency king. Bitcoin holds the number one position in cryptocurrencies and Ethereum holds the second position. I read somewhere before that when the price of Bitcoin goes up, so does up the price of Ethereum too. And while checking the market today I noticed that, really the price of Ethereum has risen along with the price of Bitcoin, Bitcoin price today is 52k and Ethereum price today is $2825.65, and Bitcoin has gained 15.9% in the last 7 days and Ethereum has gained 16.6% in the last 7 days. So does the price of Ethereum really go up when the price of Bitcoin goes up? And does Bitcoin's bull market actually coincide with Ethereum's bull market? What is your opinion on this matter? And correct me if I'm wrong.
This has been my notice for a very long time now. And it's not only Ethereum who is traveling with the price of Bitcoin, there are several altcoins out there that does the same. However I like that fact that you acknowledge Bitcoin as the kind of all cryptocurrency because that's its title and position in the crypto network. If Bitcoin experiences any bull eventually Ethereum would follow, I have never seen cases where Ethereum move toward another direction when Bitcoin Is in a bull market. And this is one of the reasons why I don't feel more like investing into altcoin, if the price movement of Bitcoin can be seen in Ethereum and other altcoins then why must I invest in altcoin when the real price influencer is Bitcoin?
You already answered the questions here, you can see from the chat which you attached to the post that with a significant increase in the price of Bitcoin also determines the same for Ethereum. This should tell that there is high level of correlation between Bitcoin and Ethereum. So when Bitcoin is experiencing a bull run also expect Ethereum to be part of it.
So does the price of Ethereum really go up when the price of Bitcoin goes up? And does Bitcoin's bull market actually coincide with Ethereum's bull market? What is your opinion on this matter? And correct me if I'm wrong.
We all know that you said Bitcoin is the king of coins. We have often observed that when the price of Bitcoin increases, the price of various altcoins also increases. You, me and we all know Ethereum is one of the best alt coins. Since Ethereum is an alt coin, when the price of Bitcoin increases in the cryptocurrency market, the price of Ethereum coins also increases, and when the price of Bitcoin decreases, the price of Ethereum coins decreases. Today, according to the market, the price of Bitcoin is $52,012.35 dollar on the other hand, the price of Ethereum coin is $2931.64 dollars, which has increased compared to a few days.
Actually the price of Bitcoin hasn't been going up anymore. It is hanging around the $51k to $52k mark whereas Ethereum is pumping. The reason for it's pump is because of Dencun upgrade which would be happening on 13th of March. I am expecting it's price to easily touch $3k before the due date. At the moment this is the only primary reason why the price of Ethereum is going up. If it wasn't that scenario then I would have too agreed with you that Bitcoin dominance drives the cryptocurrency market.
Bitcoin and Ethereum. Bitcoin is the cryptocurrency king. Bitcoin holds the number one position in cryptocurrencies and Ethereum holds the second position. I read somewhere before that when the price of Bitcoin goes up, so does up the price of Ethereum too. And while checking the market today I noticed that, really the price of Ethereum has risen along with the price of Bitcoin, Bitcoin price today is 52k and Ethereum price today is $2825.65, and Bitcoin has gained 15.9% in the last 7 days and Ethereum has gained 16.6% in the last 7 days. So does the price of Ethereum really go up when the price of Bitcoin goes up? And does Bitcoin's bull market actually coincide with Ethereum's bull market? What is your opinion on this matter? And correct me if I'm wrong.
What you heard is true because many of us already witnessed it a lot of times. It may only seem funny that ETH gains are more than the BTC but that is normal because ETH is smaller than in BTC and the more pump percent are experienced the smaller the coin is. This is why many people tries to invest on them more than the heavier ones but the only downside is their risk is also high, so if you can't handle it then much better to just stick on the heavier coins for a much guaranteed and stable returns.Apart from BTC as a trigger, ETH and other altcoins can also pump first sometimes, and the event is called as alt season. This is why it's also wise to have an altcoin with us apart from our BTC investment.
Most of the time — yes, but definitely not 100% of the time. Most coins move up altogether when markets in general are bullish, but they can move by their own if they have their own catalyst or if people are simply just mostly concentrated into buying specific cryptocurrencies.
Let’s break down the statement from FXStreet:
Bitcoin (BTC):
Short-Term Prediction: BTC could extend its gains to $55,000.
This implies that in the near future, Bitcoin might experience a bullish trend, pushing its price upward.
Ethereum (ETH):
Short-Term Prediction: ETH might leap to $3,000.
If ETH bulls (investors who are optimistic about Ethereum) remain cautious and manage their profit expectations, Ethereum’s price could surge to $3,000.
Bitcoin (BTC):
Short-Term Prediction: BTC could extend its gains to $55,000.
This implies that in the near future, Bitcoin might experience a bullish trend, pushing its price upward.
Ethereum (ETH):
Short-Term Prediction: ETH might leap to $3,000.
If ETH bulls (investors who are optimistic about Ethereum) remain cautious and manage their profit expectations, Ethereum’s price could surge to $3,000.
I have noticed that from November last year till date, Bitcoin seems to be the major currency that have moved the most. ETH, BNB and other top cryptocurrencies rarely moved. From when the present bull run started, Bitcoin has done more than double its price from the dip while many major altcoins have not done more that 50% rise. This makes me wonder when the altcoin season will come and if it will ever come. Those who diversifies their investment to altcoins might be regretting not leaving everything in Bitcoin unless the altcoins season finally arrives.
Bitcoin always comes with a little currency lag because when bitcoin price increases then BNB, ETH increases in price because the market is good then bitcoin fan price increase means your market goes up all coins depend on bitcoin because all coins except bitcoin are stagnant market The market is bullish on Bitcoin because there is currently a situation where one The holder or trader depends on when the price of bitcoin will increase and the market will be liquid if you notice that there are many new tokens that have been waiting to increase and. Currently, with the increase in Bitcoin price, they have started to list their talk and in the market. Started without unlocking
Bitcoin is a large coin which is the mother of all altcoins, in the last few weeks the market has grown again until the price of bitcoin rose from $43,000 to $55,000. We can see that since Bitcoin and cryptocurrency forums are known to many circle, Bitcoin has remained at the top until now no one has replace it.
It is clear that ethereum is an altcoin that is in great demand because it is the top altcoin after bitcoin, so when bullishness occurs, the price of bitcoin rises, almost all altcoins follow the movement of bitcoin.
It is clear that ethereum is an altcoin that is in great demand because it is the top altcoin after bitcoin, so when bullishness occurs, the price of bitcoin rises, almost all altcoins follow the movement of bitcoin.
Bitcoin and Ethereum. Bitcoin is the cryptocurrency king. Bitcoin holds the number one position in cryptocurrencies and Ethereum holds the second position. I read somewhere before that when the price of Bitcoin goes up, so does up the price of Ethereum too. And while checking the market today I noticed that, really the price of Ethereum has risen along with the price of Bitcoin
Now bitcoin and ethereum price at good position and hopefully BTC can hit $60k and ETH $3.5k expected.
Bitcoin is like the king of the crypto. If he pumps, other altcoins tend to increase in value as well. When btc declines its likely that other altcoins drop at the same time.
BtC/Eth=Altcoins
BtC/Eth=Altcoins
in simple term bitcoin is the trend, it being used widely to determine whether we are in bullish and other coin follow because of trend, sometime other coin rising up on their own, thats totally fine, but in general if we want to see coins in the whole crypto market increasing in unify its definitely depends on bitcoin, because after all, the rate of greed increase.
I always see this pattern that if bitcoin is rising, other coin will also follow, its kinda shows that people just already consider any coin out there should follow the bitcoin trend.
so yes, not to mention the fact that with the growing of market cap, like ethereum that hits billions, the price follows bitcoin even more, but we will see when ETH ETF gets approved, whether ethereum gonna increase on its own.
I always see this pattern that if bitcoin is rising, other coin will also follow, its kinda shows that people just already consider any coin out there should follow the bitcoin trend.
so yes, not to mention the fact that with the growing of market cap, like ethereum that hits billions, the price follows bitcoin even more, but we will see when ETH ETF gets approved, whether ethereum gonna increase on its own.
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So does the price of Ethereum really go up when the price of Bitcoin goes up? And does Bitcoin's bull market actually coincide with Ethereum's bull market? What is your opinion on this matter? And correct me if I'm wrong.
So does the price of Ethereum really go up when the price of Bitcoin goes up? And does Bitcoin's bull market actually coincide with Ethereum's bull market? What is your opinion on this matter? And correct me if I'm wrong.
You're not entirely wrong. BTC usually leads the market while other cryptos follow suits. Ethereum is a large cap crypto and is tightly correlated with Ethereum. BTC and ETH go way back - Vitalik was Bitcoin enthusiast before launching Ethereum as an alternative with solutions to someone's of Bitcoin's problems.
But for more context, the recent moves that BTC and Ethereum has pulled involved the following:
- High Inflows to Bitcoin ETFs: Right now, BlackRock and Fidelity hold around $10B worth on Bitcoin in their ETFs.
- Ethereum ETFs application was submitted and traders are speculating that it would be approved like Bitcoin because of all the key players involved in the ETF application.
When ETH goes on a full blown rally, Altcoins will follow suit because the market runs like this:
Bitcoin => Ethereum => Altcoins.
*money flows from left to right.
Indeed, ETH usually always rises when BTC rises, and this happens to almost all Altcoins. But sometimes even ETH can rise when BTH is down. So this doesn't always happen but usually, yes.
However, I think it's about trends and market demand. When there is a lot of positive news about crypto, it will certainly bring in new investors looking for opportunities and this is unstoppable. And of course they will look for bitcoin to hold it, others will choose ETH as the second. This is human psychology to follow social impulses.
Maybe another thing is because BTC and ETH are cryptocurrencies that are available on various exchanges, making them as the best conversion coins for later withdrawal. As we know, BTC and ETH are crypto leaders, of course investors will choose them as the first.
However, I think it's about trends and market demand. When there is a lot of positive news about crypto, it will certainly bring in new investors looking for opportunities and this is unstoppable. And of course they will look for bitcoin to hold it, others will choose ETH as the second. This is human psychology to follow social impulses.
Maybe another thing is because BTC and ETH are cryptocurrencies that are available on various exchanges, making them as the best conversion coins for later withdrawal. As we know, BTC and ETH are crypto leaders, of course investors will choose them as the first.
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