Bitcoin and Ethereum Strive to Get Support! Even Upside will be Limited – Analytics Insight

In fact, the new year started with quite a rough patch, discouraging several investors from investing in cryptocurrencies, who eventually ended up moving towards hard, traditional assets.

In the first week of April, Bitcoin finally reached a breaking point at US$47,000, where key indicators predicted that the crypto needs to move past this position in order to break its bearish trend.

Even though the cryptocurrency market has witnessed a rising trend of mainstream adoption, the largest cryptocurrencies in the market are lagging behind, dragging down the entire potential of the crypto market.

The Ethereum price in the future will also be governed by the way companies react after they develop Ethereum’s new platform.

But after the launch of the Ether upgrade, its investors are quite hopeful that in the near future the crypto will overtake Bitcoin to become the largest cryptocurrency in the world.

Both Bitcoin and Ethereum are at a volatile stage right now, so it is quite difficult to predict which cryptocurrency will be a better choice.

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