Nothing seems to stop the virtual currencies Bitcoin and Ethereum. As a reminder, while an important consensus was expected on the adoption of the SegWit fork, the miners' community finally withdrew, shaking Ethereum and Bitcoin. Indeed, by discarding the creation of the Bitcoin 2X, miners encouraged an abrupt and brief selling movement. Bitcoin and Ethereum promptly retraced their losses, taking on a new positive momentum.
New record for Bitcoin and Ethereum
Virtual assets appear to be increasingly recognized by the financial world. Despite numerous threats such as the restrictions imposed by the People's Bank of China (PBOC), which prohibit ICOs (initial coin offerings), the market for Ethereum and Bitcoin is gaining recognition. For example, JP Morgan, whose president Jamie Dimon strongly criticized the purchase of bitcoin, announced that access to the Future Bitcoin contract available on the CME will soon be available. In France, the Autorité des Marchés Financiers (AMF) recently said to have approved the launch of an investment fund in Bitcoin. In addition, the British regulator FCA said to have approved the launch of an Ethereum bond issue.
Ethereum - Bitcoin: the bullish trend accelerates
Thus, the price of Bitcoin and Ethereum maintain their very good momentum, whether the news is good or bad. Speculation remains high even after the symbolic record of $10,000 reached by the Bitcoin. The buyers seem to exploit the "mini-crash" taking shape regularly. For all these reasons, the fundamental analysis of the Bitcoin and Ethereum appears to be advantageous.
Bitcoin and Ethereum technical analysis
Bitcoin - The price of bitcoin is accelerating its bullish pace and reaching a new all-time high after starting the week with a bullish gap. The trend is strongly bullish. Although a slight technical setback took shape under the psychological threshold of $10,000, a crossing of this threshold seems imminent.
Ethereum - the cryptocurrency also accelerates its upward movement. The ethereum price set a historic record after crossing the $400 threshold. Although a technical downturn is taking shape, the ethereum price could reach the $500 threshold in the next few sessions.