{"id":3089817,"date":"2024-01-30T22:35:16","date_gmt":"2024-01-31T03:35:16","guid":{"rendered":"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/plato-data\/is-it-a-good-time-to-buy-bitcoin-and-ethereum-as-btc-surges-10-and-eth-nears-2500-market-predictions-cryptoinfonet\/"},"modified":"2024-01-30T22:35:16","modified_gmt":"2024-01-31T03:35:16","slug":"is-it-a-good-time-to-buy-bitcoin-and-ethereum-as-btc-surges-10-and-eth-nears-2500-market-predictions-cryptoinfonet","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/is-it-a-good-time-to-buy-bitcoin-and-ethereum-as-btc-surges-10-and-eth-nears-2500-market-predictions-cryptoinfonet\/","title":{"rendered":"Is It A Good Time To Buy Bitcoin And Ethereum As BTC Surges 10% And ETH Nears $2,500? Market Predictions – CryptoInfoNet"},"content":{"rendered":"
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 Bitcoin and Ethereum price predictions<\/p>\n

Amidst a rally that has seen Bitcoin (BTC)<\/a> spike over 10%, crossing the $43,000 threshold, and Ethereum (ETH)<\/a> approach the $2,500 mark, the crypto market is riding a wave of bullish momentum. This surge sparks an intense focus on Bitcoin and Ethereum price predictions as investors gauge the sustainability of this uptrend.<\/p>\n

This remarkable uptrend is partly fueled by Grayscale\u2019s decreased Bitcoin sales, injecting a wave of optimism among investors and contributing to the positive market sentiment.<\/p>\n

#Bitcoin<\/a> at $43K currently \ud83d\udc47 pic.twitter.com\/E3jRaMDjtw<\/a><\/p>\n

\u2014 CoinMarketCap (@CoinMarketCap) January 30, 2024<\/a><\/p>\n

Additionally, the buoyant performance of the US stock market and Google\u2019s renewed acceptance of Bitcoin ads have further bolstered BTC prices.<\/p>\n

#Bitcoin<\/a> pump as market await Fed #rate<\/a> verdict. If #btc<\/a> fails to break this trend line to the upside, this could be a trap. pic.twitter.com\/dcS0qQwQJA<\/a><\/p>\n

\u2014 Nelson Julius (@hbdherculean) January 30, 2024<\/a><\/p>\n

However, with the upcoming US Federal Reserve meeting casting a shadow of uncertainty, investors are on edge.<\/p>\n

The meeting\u2019s outcome, along with the January job numbers, could significantly impact Bitcoin and Ethereum price predictions, making this a critical moment for potential buyers and the broader cryptocurrency landscape.<\/p>\n

Bitcoin Price Rises as Whales Gain Confidence<\/h2>\n


The global digital asset industry witnessed a brief surge as Bitcoin reclaimed the $43k level, leading to a 2% increase in the total market cap to $1.66 trillion within 24 hours.<\/span><\/p>\n

Despite a temporary drop to $38k, Bitcoin whales showed confidence by accumulating more BTC, with 67 new entities now holding 1,000 BTC or more, indicating a 4.50% increase in two weeks.<\/p>\n

This surge positions Bitcoin for its fifth consecutive monthly gain, marking the longest streak since the pandemic-era rally. The recent boost is attributed to the launch of US spot Bitcoin ETFs by BlackRock and Fidelity, contributing to positive market sentiment.<\/p>\n

BITCOIN WHALES ACCUMULATED $3 BILLION IN JANUARY, SURPASSING ETF INFLOWS<\/p>\n

Bitcoin whale wallets holding >1,000 BTC have amassed a staggering $3 billion worth of BTC in January.<\/p>\n

This substantial increase, involving approximately 76,000 BTC, brings the total holdings in these\u2026 pic.twitter.com\/nFnIZCQRBK<\/a><\/p>\n

\u2014 Crypto Town Hall (@Crypto_TownHall) January 29, 2024<\/a><\/p>\n

Therefore, the positive developments, including Bitcoin whales accumulating more BTC and the market surge driven by US spot Bitcoin ETF launches, have contributed to increased confidence, potentially supporting Bitcoin\u2019s price recovery and its fifth consecutive monthly gain.<\/p>\n

Google\u2019s Bitcoin ETF Ad Approval Boosts Crypto Mainstreaming<\/h2>\n


Google has changed its rules to allow ads for Bitcoin ETFs<\/a>, following the SEC approving spot Bitcoin ETFs. This is a big deal because it means companies like VanEck and BlackRock can now reach more people through Google, increasing awareness and attracting more investors.<\/span><\/p>\n

This move shows that cryptocurrencies are gaining acceptance in finance. However, there are risks, like scams. Google says they\u2019ll enforce rules globally to prevent misuse.<\/p>\n

All in all, Google allowing Bitcoin ETF ads is a major step in making cryptocurrencies more mainstream, but everyone should stay informed and careful in this evolving market.<\/p>\n

GM!\u2600\ufe0f#Bitcoin<\/a> ETF ads are live on Google!<\/p>\n

Bull run on its way\ud83d\ude80\ud83d\udd25 pic.twitter.com\/YKEou4EZnw<\/a><\/p>\n

\u2014 EvanLuthra.eth (@EvanLuthra) January 30, 2024<\/a><\/p>\n

Consequently, the news of Google allowing ads for Bitcoin ETFs could positively impact BTC prices by increasing visibility and attracting more investors, fostering mainstream acceptance and potentially contributing to a price uptick.<\/p>\n

Bitcoin Price Prediction<\/h2>\n

Top 15 Cryptocurrencies to Watch in 2023<\/h2>\n


Stay up-to-date with the world of digital assets by exploring our handpicked collection of the best 15 alternative cryptocurrencies and ICO projects to keep an eye on in 2023. Our list has been curated by professionals from Industry Talk and Cryptonews, ensuring expert advice and critical insights for your cryptocurrency investments.<\/span><\/p>\n

Take advantage of this opportunity to discover the potential of these digital assets and keep yourself informed.<\/p>\n

Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication \u2013 cryptocurrencies are highly volatile investments with considerable risk, always do your own research.<\/p>\n

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#Bitcoin #Ethereum #Price #Prediction #BTC #Spikes #ETH #Approaches #Time #Buy<\/p>\n