RATE Group | Bitcoin’s 15% Weekly Gain Could Send Ethereum Flying: Here’s Why
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Bitcoin’s 15% Weekly Gain Could Send Ethereum Flying: Here’s Why

29 Jan Bitcoin’s 15% Weekly Gain Could Send Ethereum Flying: Here’s Why

Posted at 02:25h in Bitcoin News by

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Over the past few days, crypto assets — from Bitcoin and Ethereum to Dogecoin and Maker — have surged higher.

Since bottoming in the $8,200 range, the leading cryptocurrency BTC has surged as high as $9,425, marking a 15% gain. Although ETH, the second-largest cryptocurrency by market capitalization, has closely trailed Bitcoin, some say that a bigger surge for the altcoin will soon come to fruition.

Indeed, below, you can see Ethereum still trading below last week’s high of $177, despite Bitcoin trading as high as 3% above its previous local high around $9,200.

Related Reading: Scarily Accurate Analyst Gives 4 Reasons Why Bitcoin Price Won’t Crash at $8,500

Ethereum Could Soon Surge Towards $200, Analysts Say

Cryptocurrency trader Trajan of Split Capital recently noted that Ethereum’s volatility is currently lagging behind that of BTC. Despite this, he noted that as soon as ETH finds its legs, the price of the leading cryptocurrency can soon see a price of around $200 — a…

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