Make at least 50.000$ monthly trading crypto Follow professional Trading signals for FREE. I'm going in!

Bitcoin and Ethereum Prices Rise 20% – How Far Can Crypto Markets Go?

4 min reading

Start making MONEY trading crypto! Follow professional Trading signals for FREE >>> JOIN

Bitcoin and Ethereum prices have been skyrocketing recently, rising 20% in the last week alone.

Powered by Froala Editor

Bitcoin and Ethereum prices have been skyrocketing recently, rising 20% in the last week alone. This rise has fueled speculation about how far cryptocurrency markets can go.

Understanding the potential of these marketplaces is necessary since more people are using cryptocurrencies to secure their wealth and make the most of opportunities.

Could the latest rise be the start of something higher?

The crypto market was in a favorable state on January 15. The total market capitalization was more than $2 trillion, representing a 0.53% rise over the last day. The trading volume, which was 84.28 billion dollars over 24 hours, drastically dropped by 16.66%.

The amount of funds held in Decentralized Finance (DeFi) has already reached $12.76 billion, accounting for 15.14% of the total crypto market 24-hour trading activity. Likewise, stablecoins currently represent a whopping $67.57 billion value or 80.17% of all crypto trades done in the previous day.

Bitcoin courses are available at major US universities

The professor stated during the first Bitcoin course that there would be another course focusing on Bitcoin programming. The chance to create a Bitcoin library from scratch and discover how it operates will be intriguing for students.

U.S. colleges are offering increasingly more bitcoin and cryptocurrency courses; Texas A&M University, which has more than 74,000 students, is the latest institution to follow this trend. These courses are becoming more popular in classrooms as a result of their relevance in the modern world.

On January 13, Professor Korok Ray announced that a course on Bitcoin protocols would be provided to students at Texas A&M's College of Engineering and Mays Business School. The first day of class will be January 17th, the start of the spring semester.

Ray stated in a four-part Twitter thread that "Programming Bitcoin" will cover the Bitcoin Protocol in-depth and educate students on how to create their own Bitcoin library from the ground up.

This will undoubtedly assist in promoting Bitcoin and the use of cryptocurrencies, boosting their future demand.

Bitcoin Price

After rising to $20,911, Bitcoin is performing well. It has even surpassed the $20,500 support level. During the last 24 hours, an amazing $27 billion has been traded.

The optimistic price increase has paved the way for the uptrend to reach $21,000 or even higher, with the possibility of hitting its trading target of $23,000.

The RSI and MACD indicators are showing an overbought market, and Bitcoin now has an immediate support level between $20,500 and $20,000.

As a result, it is important to determine whether BTC is capable of breaking over a resistance level of $21,500, as failing to do so could lead to its price decline. Bitcoin's immediate support is at $20,000 on the downside.

Ethereum Price

Ethereum's price went up to $1,559 with a $14 billion 24-hour trading volume. This sharp increase above the key resistance level of $1,500 indicates that the ETH/USD pair is on its way to breaking through the following barrier level of $1,650.

The $1,500 level now serves as Ethereum's key support level. Its value is likely to increase if it closes above this price level. The price of ETH might increase to the next resistance level of $1,700 if it rises above $1,650.

ETH has a support level near $1,500, but a bearish break of this level could push the price much lower, below $1,400. However, the trend right now seems to be positive, so investing in this asset could be a good decision.

ALSO READ- Dubai Free Zone now home to over 500 crypto startups

Currency Exchange rate Buy cryptocurrency

TradingSignals News
Start making MONEY trading crypto! Follow professional Trading signals for FREE >>> JOIN

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the ( Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is c/o Fintech Labs Global Solutions, Unit 303, Ile Du Port, Mahe, Seychelles

The full document to read the TradingSignals privacy policy is available in this document.

Advanced settings can be changed in your browser.