The wild world of altcoins has been through a tumultuous journey lately as Ethereum is recently aiming to achieve a $2,000 price level and on the other hand, Bitcoin prices have been retracing a little in order to retest their underlying support.
On the 18th of February, the bullish pattern of the cryptocurrency sector has been continuing at an unprecedented pace. As a result, BTC is now trading at $51,000 as well as Ether is inching closer to the $2,000 mark to achieve their all-time high since the retail traders are waiting patiently and pro traders seem less hopeful on a short-term basis.
Altcoin Craze Continues
According to the reports of TradingView and Cointelegraph Markets the prices of Bitcoin have recently dropped a little from their latest record high to the present level of almost $51,924. On the other hand, the prices of Ethereum have spiked by 5.66% in order to hit their new all-time high standing at $1,950.
The investors of Canada have recently revealed a very healthy appetite to access the topmost cryptocurrency for the debut of the ETF of Canadian Bitcoin that has witnessed approximately $100 million for their volume since the very first hours of their trading session.
In the meantime, Bill Gates, the co-founder of Microsoft, has suggested that he took a very neutral view’ regarding BTC along with mentioning that it is neither long nor short on its assets and consider that Bitcoin is able to go upwards or decline by simply based on the craze or logical perspective of people.
Altcoins have recovered from their latest drop and experienced positive price gains as Binance coin has surpassed and become 3rd valuable cryptocurrency in the world by reaching a record high at $218.94.
The total market cap of cryptocurrency is $1.57 trillion with a 60.6% dominance rate by Bitcoin.
