According to statistics from CoinGecko, the two most popular cryptocurrencies in the world, Bitcoin (BTC) and Ethereum (ETH), have had a slowdown this week, with Bitcoin now lying at $30,399 and Ethereum maintaining flat at $1,891.
Even though there have recently been waves of euphoria around the introduction of cryptocurrency exchange-traded funds (ETFs), movement in the top two digital currencies has paused.
The native token of the Binance exchange, Binance token (BNB), fell 0.1% to $237.65 among the altcoins. Following suit, the price of ripple-affiliated XRP, which was involved in a legal dispute with the SEC, fell by 0.2%, bringing the price to $0.484470.
Cardano (ADA) and Dogecoin (DOGE), two other prominent participants, have also seen slight declines, with ADA decreasing by 0.3% and DOGE remaining stable.
According to U.Today, the recent rise in Bitcoin prices was caused by investors’ excitement about a number of ETF registrations by well-known companies like BlackRock and Invesco.
Aksel Kibar, a seasoned market expert, forecasted a probable increase in the value of Bitcoin (BTC), which is now stable at roughly $30,640. According to Kibar, the most popular cryptocurrency may aim for a price level of $34,000 after a significant channel breakthrough.
However, Bitcoin must first get through a temporary barrier of $31,000. A head and shoulders (H&S) pattern on the market, which denotes bullish emotion, supports the projection.
