Today is an important day for cryptocurrencies, as a president favorable to them (TRUMP) arrives at the White House. This could accelerate the adoption of Bitcoin, Ethereum, and other cryptocurrencies by institutions.
Bitcoin is struggling to stay above 100,000 dollars, a crucial level for its growth, while Ethereum and Ripple are trying to capture the attention of investors.
Bitcoin started the week with a lot of volatility, rising by 10.6% to reach 106,000 dollars, but has stabilized at 100,000 dollars. Experts believe that if Bitcoin stays above this level, an increase in its value could be expected.
Technical indicators show positive signs, but if it falls below 100,000 dollars, the next point to watch would be 90,000 dollars, indicating that significant changes are expected in the coming days.
Ethereum, currently at 3,125 dollars, is testing an important level. If it manages to hold it, it could rise to 3,730 dollars. However, it must be cautious of the 3,000 dollar barrier. Ripple, for its part, shows signs of strength and could reach 3.63 dollars, with a current price of 3.13 dollars.
The altcoin figures are promising, with XRP showing a 30.48% increase in a week and Ethereum with a 4.8% increase. Bitcoin has risen from 88K to 109K in less than seven days. The outlook is optimistic, especially for Ethereum, which could approach 4,000 dollars due to growing institutional interest. Bitcoin remains the main guide of the cryptocurrency market.
