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The prices of digital assets such as Bitcoin and Ethereum have surged over the past week. To the delight of crypto enthusiasts, BTC is now trading close to the $47k price mark, whereas, ETH is trading above the $3,200 price region.
Here is a graph by CoinMarketCap that shows the price movement of ETH over the last week.
Crypto analysts believe that the market is at the brink of a bull run, considering the price surges seen for the digital assets over the last week.
It has also been reported that amid the increase in crypto assets’ prices, the liquidations in the crypto market have also surged in the last 24 hours.
Ethereum alone has seen a large number of positions liquidated. This is one of the most prominent cryptocurrencies in the market and if you are interested in buying it, then make sure you take a look at Ethereum price prediction first.
On the other hand, margin traders can trade Bitcoin and Ethereum with up to 100x leverage on Bybit. Use this link to sign up and earn a free bonus on your initial deposit.
Could Ethereum be Facing any Challenges?
Liquidations for both Ethereum and Bitcoin have increased significantly over the past 24 hours.
Approximately $165 million in BTC have been liquidated, while ETH has seen more than $100 million in liquidations. The overall market is also experiencing these movements as the total liquidation is around $365 million.
More than 62,500 crypto traders betted against the upward movement of the crypto asset and have now been liquidated from their positions.
There have been positive developments reported for the popular altcoin ETH, one of which is The Merge. This has grabbed the attention of a large audience as the Ethereum Merge Google searches have reached new heights as per reports.
However, the co-founder of Ethereum, Vitalik Buterin, seems to think that there are challenges for Ethereum.
Buterin stated:
“Fees are a huge problem for Ethereum’s usability, especially for things other than some of the financial applications that have dominated recently.”
Despite the possible challenges, the Ethereum co-founder does seem hopeful and is optimistic about the crypto asset’s future. If you want to invest in ETH then make sure you look for the lowest fee crypto exchange to buy Ethereum.
What to Know as a Crypto Investor?
As a crypto investor, there are a few aspects you need to know, whether you are looking to invest in Bitcoin or Ethereum. Buying, selling or trading crypto assets requires the interested parties to be mindful of a few aspects.
Therefore, if you are looking to purchase digital assets make sure you:
- Choose the best crypto exchange that suits your needs
- Monitor the price movements of the crypto assets and then purchase
People who are new to the crypto space and want to invest in BTC or ETH can click on SwissBorg or Kraken (U.S. citizens).
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