Latest situation in BTC and ETH

Spot Bitcoin ETFs approved!

Bitcoin celebrated its 15th anniversary last week.


Spot bitcoin ETFs, which have been around for quite a long time, were also approved in the first weeks of the new year.

Gary Gensler, who is known to like Bitcoin, made statements that would cast a shadow on the celebrations in the text in which he announced the approval of spot bitcoin ETFs.

Even though what he wants is a historic one for $BTC.

They fed him openly.

What about Bitcoin?

Bitcoin touched back into the $47K-$48K range overnight.

Permanently passing this region is of great importance for $BTC. We will be talking about $60K and $69K as Bitcoin settles above this zone.

We can see that the Total Market Cap is slowly approaching the $2T-$2.1T range. Once this loss was broken, $TOTAL started more easily in the altcoin market.

For the long-awaited subseason, the Altcoin Market Cap should reach $1.25T.

Running Bitcoin.

Don't act uncontrolled, there will always be corrections. Just as you cannot win if you act without knowing what to do, you can too.



Why did Ethereum interest me?

Bitcoin Domination has increased rapidly, especially recently and since November 2022.

While all this was happening, we saw that ETH/BTC rose from 0.085 to 0.048-0.049.

Bitcoin Domination and the status of ETH/BTC increased my interest in ETH.

Additionally, $ETH needs to rise 115% to reach its previous peak in dollar parity.

When Ether starts its rally, many altcoins may start to suffer serious losses in ETH parity.

It is also necessary for the Altcoin Market Cap to break the $1.25T region and for the altseason to start, $ETH should start to rally due to the size of the market value.

In this case, do not forget that $ETH may experience dollar-based withdrawals


Don't act uncontrolled, there will always be corrections. If you act without knowing what you are doing, you will not only win but lose.
Be prepared for volatility, avoid risks and leveraged transactions that can greatly jeopardize your capital.