The crypto market is off to a good start at the start of the year, with leading cryptocurrencies like Bitcoin and Ethereum. The first half of the crypto market ended with a green streak. The price of Bitcoin is unpredictable; BTC experienced a 10% growth rate in its value in 2023. On Feb 5, the Bitcoin market opened at $23,362 and gained 0.13% in the past 24 hours. It has increased by more than 1.5% from the past week.
On the other hand, Ethereum hit a $1,666 trading volume, up by 3.47% in the past seven days. On Monday, Ethereum developers released progress on the network’s next upgrade Shanagi, which is expected to launch by March. This new Ethereum upgrade will help the users to withdraw their Ether staked from the past few years systematically and securely.
Crypto analysts believe that the largest cryptocurrency Bitcoin is far away from turning everyone bullish. A crypto analyst Smart Contractor alerted BTC’s short-term trajectory. He said, “Fuck it, I am out and chilling in stables for now. Was a good start to the month but I reckon BTC sweeps $22,000 and fuck knows what that will do to alts.”
Source: https://www.thecoinrepublic.com/2023/02/05/top-trader-alerted-on-crypto-bulls-and-bitcoin-here-is-the-reason/