Over the past few days, the prices of Bitcoin (BTC) and Ethereum (ETH) have seen a significant increase, recovering nearly 5% of their value. This price movement has been welcomed by cryptocurrency investors and enthusiasts alike, as the crypto market has been experiencing a downward trend for the past few weeks.
While the recovery is a positive sign, the question on everyone’s mind is – what’s in store for the weekend? Will the recovery rally continue, or will we see a reversal of the trend?
In this blog post, we’ll analyze the recent price movements of BTC and ETH and examine the factors that could influence their prices over the weekend.
Insights on the Crypto Market: Fundamental Outlook Update
Although economic statistics in the United States have led to speculation that the Federal Reserve may become more aggressive with interest rate hikes, Bitcoin (BTC), the world’s largest cryptocurrency, has surged above the $24,000 level and has continued to gain momentum throughout the day.
Meanwhile, Ethereum, the…