In the last week, BitCoin and Ethereum performed exceptionally well compared to the past. Bitcoin’s value raised by 103.43% and on the other hand, Ethereum stock’s value get higher value. It raised by 109%.
On the 3rd of January, Ethereum’s price was $1214 and is now $1331 per unit. On the other hand, the Bitcoin chart is telling. $16,669 was the price of bitcoin on the 3rd of January, which raised to $17,242 to this day.
This was an exceptional performance. Since the start of the last January, the price of Bitcoin and other cryptocurrencies were continuously devalued. A big name in crypto, FTX faced bankruptcy and its head was arrested in US. a journey from $64,000 to last month’s $16,000+ was very awful for Bitcoin. The same was the trend for other currencies.
But this performance opened a discussion that crypto is coming back and becoming the apple of the eye of the investors or it is the last breath of a dying man. Let’s see what happens in near future.