October 28, 2021

Cryptocurrency prices update ETH up 9%, BTC up 3%, and more

Crypto

Crypto

Cryptocurrency prices update ETH up 9%, BTC up 3%, and more. The bulls and bears are here to stay and the fight is never ending. While we saw a major crash of over 50-60% and some coins going 80% down. The recent few weeks have been quite good for the market. Bitcoin is the major and old dog pumping up and breaking the $40K/₹30L resistance. Ethereum went a major network upgrade called “London“. Ethereum prices are soaring a week or 2 before the update and since then there is a major uptrend.

If the No. 1 Bitcoin and No.2 Ethereum are up and soaring the market below isn’t sitting ducks. The entire market is up and roaring for a major bull run. The FUD continues when the US is concerned, major debate happening around Crypto tax, mining, etc, and may cause a slow down to the market.

Price action:

The May 2021 crash saw the market going down a steep road. Well, if you see the charts below taken from Coingecko. All looking green and the adoption is increasing. The recent crash only made it easy for Big investors to enter the market to maybe buy more. However, as per the statistics, the crash saw the new retail investors selling off due to the majority of issues.

BTC Coingecko
BTC Coingecko
ETH Coingecko
ETH Coingecko

There is a lot of regulations happening around the world. All the big giants backing the cryptocurrency and many major players making use cases for crypto is only the way ahead. The positive vibes also got in since the B world online discussion between Elon Musk, Jack Dorsey, and Cathie wood.

If you are planning to start investing do check out Binance and WazirX

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