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Bitcoin tests new level! Investors talked about Ethereum


The leading cryptocurrency, which rose to record levels last year, has fallen seriously this year. There are currently signs of recovery in the cryptocurrency community, which has been disappointing for investors. Even below $20,000 Bitcoin 25 thousand signals are being tested in the community.

Investors made some comments on the subject that may concern crypto money holders.

Here are the investors’ comments on cryptocurrencies:

Bitcoin tests new level!  Investors talked about Ethereum - Image : 1

“The market relaxed after the Fed and the declining dollar index caused relief in cryptocurrencies. So much so that while Bitcoin was pushing the $25,000 level yesterday, even though this resistance was rejected, we saw volume at prices above $24,000. Even if the glass is full in this direction, Robinhood may be subject to investigation by the SEC. And this could be FUD news for the cryptocurrency market.Bitcoin is again drooping below the $24,000 level, but it is trying to break through an important downtrend and eliminate the selling pressure since March. In the pullbacks, the $23,700 level will be an interim support.

On the other hand, the interest of institutions in cryptocurrencies over Bitcoin is also strengthening. Blackrock, the world’s largest fund, decided to set up a fund on spot Bitcoin. Although the market has not yet perceived and priced this news, it should not be forgotten that we have bottomed out at $18,000. Therefore, short-term pullbacks in the market should not prevent us from seeing our main path. While reiterating that we expect a $26,500 trial by September, the price approaching $30,000 may trigger new entries to the market. It is positive for ETH prices that Ethereum will move from proof-of-work (PoW) to proof-of-stake (PoS) mining. At the same time, the fact that Ethereum mining will switch to Ethereum Classic provides an advantage in terms of ETC prices. Ethereum Classic, unlike Ethereum, is stable with a limited supply of 210.7 million units. Limited supply can give momentum to ETCV prices. Therefore, it may be better for the investor in the current strategy to do it with Ethereum and Ethereum Classic in crypto money portfolios.”

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