The Cryptocurrency market seems to be entering another haus phase. Bitcoin (BTC) has recycled the price level of $ 117,000, and the global crypto market ceiling has hit $ 4.15 trillion. According to CoeKecko data, BTC is currently only 5.6% from its highest time at $ 124,128. After Bitcoin’s (BTC) climbing to a maximum time is Ethereum (ETH), which is 8.4% away from their peak.
Will Bitcoin and Ethereum suffer new heights all the time this week?
Binance’s BNB coin hit a maximum of $ 962.08 earlier today. Given the proximity to their respective peaks, it seems that BTC and ETH are also in the pursuit of new high price levels.
Also read: Bitcoin and Altcoins swing when the Fed Rate Cut Fuels Crypto Rally
Bitcoin (BTC) and Ethereum (ETH) have also seen consistent ETF inflows in recent weeks. ETF inflows and corporate funds have played a significant role in the currency market cycle. Pair it together with an interest rate reduction can drive both assets to never seen price levels before.
CoinCox -analyst expects Bitcoin (BTC) to maintain its rally in the coming monthsBefore a small dip in November. The platform predicts that BTC will hit a new highest time of $ 136,766 on December 12. Beating $ 136,766 from current price levels will mean a rally of about 16.85%.
The platform predicts that ETH will hit a maximum time of $ 7573.21 on December 14. Beating $ 7573.21 from current price levels will lead to a rally of about 67.48%.
