What's Next For Bitcoin and Ethereum? Experts Weigh In

On Saturday, the cryptocurrency market showed a decrease in its previous level of volatility, with a 1.5% drop in the prices of Bitcoin and Ethereum. Despite this, profit-taking in the crypto market remains high, with over $98 million liquidated in the past 24 hours.

Timeline of Bitcoin

The latest US Federal Reserve policy has had a big impact on the cryptocurrency market. Bitcoin and other digital assets saw a surge in value after the Fed said it would limit interest rate hikes to 25 basis points.

With the latest gain, Bitcoin is likely to encounter its seventh “golden cross” in the past ten years, having risen more than 40% since the year's beginning. A “golden cross” pattern is expected this month, according to the daily period Bitcoin price chart.

Prominent on-chain data aggregating platform Santiment spreads the word about a new BTC whale appearing in the crypto market. They have accumulated an astounding amount of the flagship cryptocurrency in merely one transaction.

Michael Saylor, the co-founder and former CEO of MicroStrategy, has addressed Charlie Munger's criticism of Bitcoin, claiming that he hasn't taken the time to understand Bitcoin. 

A widely followed crypto strategist says Bitcoin (BTC) may be gearing up for explosive price action to the upside amid the potential cross of two key indicators. The anonymous host of InvestAnswers tells his 441,000 YouTube subscribers in a new video that Bitcoin could flash a golden cross in the coming days.

Bitcoin had a strong start this year but that sentiment might soon change. Especially now that fears of a recession are threatening to rip the proverbial bandage off the recovering market.

In theory, they were supposed to be put on the market in March of that year, but the launch eventually skipped, despite it being stated that there were $500 million in applications.

The crypto markets have been in a state of flux over the past few weeks, with Bitcoin and Ethereum prices both experiencing significant drops. This has been largely attributed to the recent US non-farm payrolls report, which showed stronger-than-expected job growth. As a result, sentiment in the markets has shifted to bearish and investors are now wondering how low Bitcoin and Ethereum prices could go. 

Billionaire investor Tim Draper got a more challenging reception than he anticipated when proposing Sri Lanka, a bankrupt nation, to Bitcoin. Draper was in Sri Lanka on Tuesday, talking with local entrepreneurs about cryptocurrency adoption.

With gains of about 40% in 2023, Bitcoin (BTC) is enjoying the successful start of the year. Therefore, investors are hoping that the crypto can sustain the gains in the coming months.