Bitcoin (BTC) exceeded $ 53,000, reaching its highest price since December 2021, while Ethereum (ETH) exceeded $ 3,100, reaching its highest prices in the last 22 months. After a short break, the crypto rally seems to be suddenly resuming.
Bitcoin (BTC) Daily Price Chart
Bitcoin (BTC) is currently trading at $53,484. Bitcoin, which has been moving between $ 50,000 and $ 52,000 for about 2 weeks, suddenly rose today and reached its highest price level since December 2021. Bitcoin, which was in the red zone on a weekly and daily basis, turned green on both a daily and weekly basis with its recent rise. While it increased by approximately 4% today, it is seen that it increased by approximately 3% on a weekly basis.
Ethereum (ETH) Daily Price Chart
Ethereum (ETH) is currently trading at $3,150. The recent rise of Ethereum is truly remarkable, it has continued to rise even while Bitcoin has been moving sideways, and it seems that Ethereum is more eager to move even higher.
In particular, it is truly remarkable that Bitcoin left its recent sideways range behind and suddenly rose and broke the resistances around $53,000. Frankly, I was expecting a sharp price correction, but I think the sudden rise after the fluctuation between $ 50,000 and $ 52,000 could prevent a correction in the near future. Bitcoin has managed to break out of a nearly 2-week sideways range and the momentum appears to be moving up strongly. And now all sails seem set. In my opinion, Bitcoin's path has opened up much more and today's sudden rise has eliminated the important reasons that could prevent it from moving even higher. I think Bitcoin may hit even higher levels in the following sessions.
Michael Saylor announced on his X account that MicroStrategy acquired an additional 3,000 BTC for approximately $155 million at an average price of $51,813. And now MicroStrategy holds 193,000 BTC, and with the recent rise, the value of MicroStrategy's crypto assets has exceeded $10 billion. It is truly admirable that Michael Saylor remains bullish in both ups and downs. Michael Saylor is the strongest bull I know. I have no doubt that Michael Saylor will be appreciated in the future.
This is not investment advice, I talked about current developments and only my personal opinions. As with all money markets, anything can happen in the crypto market at any time, so please do your own research before investing.