Ethereum Earned More Than Bitcoin

Ethereum has earned more than Bitcoin. Bitcoin gained 58 percent in 20 days, while Ethereum gained 87 percent.

The long-awaited upward trend of the cryptocurrency market has finally manifested itself. The market, which has been generally stuck in the narrow band in the past months, has started to recover under the leadership of Bitcoin. The leading cryptocurrency Bitcoin (BTC), while trading at $ 29,000 as of July 21, entered the bullish zone as of this date. Testing above the level of 46 thousand dollars on the trading day on August 10, Bitcoin gained 58 percent in about 20 days. Bitcoin, which has tested $ 46 thousand in recent days, could not stay above this level. According to analyst estimates, the psychological limit of $ 50 thousand must be exceeded in order to continue the rise in Bitcoin and reached to the level of $ 64 thousand once again.

Ethereum Challenges Bitcoin

As of July 21, Ethereum, which was traded at the level of $ 1,700, increased by 87%, up to the level of $ 3,186, when its 20-day movement was taken into account.

Elon Musk Is Silent

Elon Musk, CEO of Tesla company, which has recently led the market by posting about cryptocurrencies on his Twitter account, is not making any comments. Having attracted the attention of the market with his posts on Bitcoin and Dogecoin before, Musk is staying silent against the pricing in the market at the moment.