Bitcoin and Ethereum have witnessed significant price surges in the last seven days, rising by more than 35% and 25%, respectively. This increase in the crypto market has attracted investors who want to explore the potential of these cryptocurrencies. Bitcoin’s value has risen due to actions aimed at improving the financial system and investor optimism regarding a decrease in interest rates in the US. Ethereum’s price surge indicates a bullish trend in the cryptocurrency market. Furthermore, Credit Suisse and UBS’s proposed merger has led to a flight to safety into safe-haven assets like Bitcoin. Hong Kong’s cryptocurrency-friendly policies are driving the adoption of Bitcoin as a leading destination for crypto-related businesses. In terms of cryptocurrency trading, Bitcoin may push towards the $30,750 milestone if it breaks past resistance at $27,750, while Ethereum may face resistance at $1,900 if it continues to form bullish engulfing candles. Crypto industry players have compiled a list of the top 15 altcoins to watch in 2023.
