Ethereum

Bitcoin

when

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-etf-news-captivates-market-as-bitcoin-analysts-share-insights/" data-wpel-link="internal">Ethereum ETF News Captivates Market as Bitcoin Analysts Share Insights</a><br></p>
<p style="text-align: justify">While the recent surges in cryptocurrencies over the past two days have made a significant impact on the market, <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a> about <a href="https://en.coin-turk.com/ethereum-eth-price-prediction-will-eth-drop-to-1500/" data-wpel-link="internal">Ethereum</a> ETFs continues to keep the market occupied. Following reports that ETFs could be approved, all eyes turned to the <strong>ETH</strong> price, which hinted at reaching $4,000. Additionally, some analysts continue to comment on the market, with one prominent figure drawing attention with remarks about Bitcoin.</p> 
<h2 style="text-align: justify" id="bitcoin-chart-and-analyst-commentary">Bitcoin Chart and Analyst Commentary</h2> 
<p style="text-align: justify">A popular market analyst suggested that Bitcoin (BTC) will continue to trade near record levels, disregarding altcoins. In a YouTube video shared with millions, Benjamin Cowen stated that the only reason Bitcoin remains above $60,000 is that <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> are moving their investments from altcoins to BTC.</p> 
<p style="text-align: justify">Cowen noted that when liquidity in the altcoin markets dries up, a significant correction in Bitcoin and the rest of the cryptocurrencies is likely.</p> 
<blockquote> 
 <p>My main scenario, which I’ve been saying for months, is that Bitcoin will break the altcoin market upwards, and once this liquidity dries up, Bitcoin will be free to make a larger correction. Again, this doesn’t necessarily mean doom and gloom, but who knows? This could still be weeks away. It could be months. I don’t know how long the degens will last, but they have certainly lasted longer than I thought. Hats off to them.</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-354131" src="https://coin-turk.com/wp-content/uploads/2024/05/btc-kac-dolar-oldu-coin-turk-com-1.png" alt="" width="1035" height="624"></p> 
<p style="text-align: justify">The analyst also highlighted that the next two weeks will be “quite influential” in determining whether Bitcoin (BTC) will witness a correction similar to the one in 2019 when it fell from $14,000 to below $4,000.</p> 
<p style="text-align: justify">Cowen further suggested that the period where Bitcoin outperforms Ethereum (ETH) could end by July.</p> 
<h2 style="text-align: justify" id="bitcoin-price">Bitcoin Price</h2> 
<p style="text-align: justify">At the time of writing, Bitcoin has fallen below $70,000 and continues to trade at $69,600. Despite a 1.77% increase in the last 24 hours, most of yesterday’s gains have been erased.</p> 
<p style="text-align: justify">BTC’s market cap remains above $1.3 billion, while the 24-hour trading volume surged by 121% to reach $59 billion, demonstrating renewed investor interest.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereum-etf-news-captivates-market-as-bitcoin-analysts-share-insights/" data-wpel-link="internal">Ethereum ETF News Captivates Market as Bitcoin Analysts Share Insights</a></h5>

Ethereum ETF News Captivates Market as Bitcoin Analysts Share Insights

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