Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements.
On Thursday, the leading cryptocurrency keeps correcting, declining to $34,738 USD.
Ethereum reached an all-time-high yesterday, January 19, 2021, closing the new ATH at $1438.66.
On Thursday, January 14th, the Ethereum altcoin keeps correcting, trading at $1,122.
The cryptocurrency market has recovered after a Sunday-Monday crash this week. The recovery is associated with the developments in the US and the drop of the US Dollar overnight.
This past year has been a huge test for financial platforms.
This Monday, January 11, will be remembered by the many. Bitcoin dropped nearly 20% as the US Dollar gained amid rising US Bond yields.
The cryptocurrency market is still northbound as Bitcoin sets new ATH every other week.
Cryptocurrency market is once again heading north as the US Dollar Index plummets. The US Dollar index lost 0.32% today and nears the lowest level of last year’s December 31.
Since December 23 this year, Cardano was moving upwards with a high pace breaking out from resistances up ahead and here it is at this year’s high at $0.197110.
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