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Analysts say Bitcoinâs choppy price action is âtypical of low liquidity marketsâ Bitcoin bulls pushed the price back above $34,000 but analysts warn that a variety of bearish factors remain a threat in the short term. 9760 Total views Market Update
On July 9 Bitcoin and the wider cryptocurrency market saw a moderate relief rally that helped recover some of the losses seen on Thursday but a handful of analysts continue to caution that BTC could still drop to the $24,000 to $29,000 range in the short-term.Â
Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin was bid higher during the morning trading hours on Friday and managed to climb back above $34,100.
Ethereum Overtakes PayPal, Disney, Nestle And Proctor & Gamble In Global Market Cap
There’s a celebration in the crypto streets as the world’s second-largest digital currency, Ethereum (ETH), surged past the record $2,800 mark on Thursday, stealing Bitcoin’s limelight as the world’s largest digital coin fell below 50% in the past week.
At the moment, Ethereum isn’t showing any signs of slippage as it continues to trade just below the $3,100 mark. If the math behind this is legit, then rejoice! Ethereum’s market cap has climbed way above $340 billion, and surpassing PayPal, Nestle, Disney, and P&G. Leading crypto exchange, Binance, celebrated the first leap above PayPal in a tweet.
Crypto Guru Scott Melker Says Ethereum Price will Reach $10,000 in 2021
4 hours ago by Daria Rud · 3 min read
Photo: Shutterstock
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Scott Melker is more optimistic and bullish on Ethereum rather than Bitcoin. Using ETH is not easy, but “the amount of building that’s happening on Ethereum, the amount that was staked in an Ethereum 2.0” demonstrates that Ethereum is performing exceptionally well.
Professional crypto trader Bitcoin (BTC) veteran and the host of a famous “The Wolf Of All Streets Podcast” Scott Melker gave an exclusive interview to Cointelegraph in which he shared his opinion on the latest altcoin rally. Besides, Scott Melker explained why Ethereum (ETH) is likely to outperform Bitcoin in the next months and how its price can hit $10K.