Bitcoin, Ethereum Prices Analyzed post-ETF approval

Jan 14, 2024

By: Nisha Kumari

Image credit: Reuters

Bitcoin is experiencing a 5.68% drop in the 24-hour trading session on Friday, following its ascent towards $50,000 on Thursday.

Decline in BTC price

Image credit: Forekast News

BTC traded at ~$45,500 on Wednesday. In 2023, it experienced a remarkable 157% rebound. As of now, Bitcoin has seen an 8.5% increase in value this year.

Rebound from previous year

Image credit: CNBC

Ethereum price hikes

On Friday, Ethereum was trading around $2,680, following its Thursday surge above $2,600, marking the first occurrence since May 2022.

Image credit: GoBankingRates

ETHs Impressive Growth

The second-largest cryptocurrency saw a substantial 92% increase in 2023, and it has already risen by over 16% in 2024.

Image credit: Blockworks

ETH Current price

Ethereum is undergoing a 1.21% decrease in the 24-hour trading period on Saturday, following its rise to $2,680 on Friday.

Image credit: The Conversation

Crypto and Inflation Trends

Cryptocurrencies, despite initial expectations, haven't hedged inflation but mirrored broader market trends

Image credit: Bitcoin.com News