The overall crypto market cap is now maintaining its range above $1 trillion, and the majority of the cryptocurrency assets seem to be thriving.
Bitcoin price, which was earlier struggling around $23,000, has reclaimed the $24,000 level and may close the weekend bullish.
However, the latest analysis has a different prediction. As per reports, Bitcoin (BTC) could find its bottom around $20,000.
Capo, a popular crypto analyst, said on Twitter:One last high to recreate the early shorts.” Another trader named Jibon gave a similar warning, as he advised his followers to wait and buy at the higher price (once the trend is confirmed) and to refrain from trading at the spot price. gave advice.
On the flip side, Credible Crypto has a bullish approach stating that the Bitcoin price remains bullish until and unless the price loses the $20,700 range.
Ethereum’s Market Cap Up 20%
Meanwhile, the leading altcoin, Ethereum, is leading the crypto market after the currency saw a spectacular jump to reach the $2,000 level. At the time of reporting, Ethereum is down slightly and is trading at $1,974, up 5.11% over the past 24 hours.
Since May 23, this is one of the best Ethereum price actions registered as the currency touched $2,020.
An on-chain analyst, Material Scientist, reported that Ethereum’s crypto market cap has risen by over 20% while Bitcoin is down 40%.
