Bitcoin and Ethereum Price Prediction: Is It Time to Buy?
Amidst a bullish rally, Bitcoin has surged over 10%, surpassing $43,000, while Ethereum is approaching the $2,500 mark. This upward momentum has sparked interest in Bitcoin and Ethereum price predictions as investors assess the sustainability of the current trend.
The positive market sentiment is fueled by factors such as Grayscale’s reduced Bitcoin sales, the performance of the US stock market, and Google’s acceptance of Bitcoin ads. However, uncertainty looms with the upcoming US Federal Reserve meeting and its potential impact on cryptocurrency prices.
Bitcoin Price Rises as Whales Gain Confidence
The surge in Bitcoin’s price has led to a 2% increase in the total market cap, reaching $1.66 trillion within 24 hours. Bitcoin whales are showing confidence by accumulating more BTC, with 67 new entities now holding 1,000 BTC or more. This accumulation suggests a positive market sentiment and positions Bitcoin for its fifth consecutive monthly gain.
The launch of US spot Bitcoin ETFs by BlackRock and Fidelity has further contributed to the positive outlook.
Google’s Bitcoin ETF Ad Approval Boosts Crypto Mainstreaming
Google has changed its rules to allow ads for Bitcoin ETFs following SEC approval. This move increases visibility and awareness of cryptocurrencies, attracting
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