Last-minute news from the market has always had a significant impact on cryptocurrencies. Important statements made by renowned ETF analysts Eric Balchunas and James Seyffart not only affected the price of ETH but also the price of BTC.
What is the Current Bitcoin Price?
The news about Ethereum ETFs, which hit the market like a bomb, did not only affect ETH. ETF analysts Eric Balchunas and James Seyffart raised their expectations for spot ETH ETFs from 25% to 75%. This news created a positive domino effect on the price, turning attention to the BTC price.
The BTC price rose to $68,000 in the past hours and recently surpassed $69,000. The mentioned price level for BTC was last seen on April 12 and occurred during a decline, not a rise.
As of the time of writing, BTC is trading at $69,180, creating great excitement among investors. BTC’s RSI value is moving away from the neutral zone and has risen above 62. This situation can be interpreted as increasing buying pressure in the market.
BTC’s market cap has surpassed $1.38 trillion, occurring after an increase of over 5%.
More importantly, BTC’s 24-hour trading volume continues to rise. BTC’s 24-hour trading volume has exceeded $31 billion after a 73% increase.
Now, all eyes are on whether BTC will surpass the $70,000 level in the coming hours. The $70,000 level, like the $69,000 level, was last seen on March 12.
What is the Current Ethereum Price?
Following the views on ETF expectations, there was a noticeable rise in ETH as well. The ETF price had fallen below $2,900 in recent days but has now returned above the historic support level of $3,100 as of the time of writing.
As of the time of writing, the ETH price has risen above $3,400 following an 11% increase. ETH’s market cap has risen above $400 billion again, while its 24-hour trading volume has exceeded $16.8 billion after a 101% increase.
It seems that investors will be keeping an eye on the market to see what developments occur in prices in the coming hours.
