Bitcoin Price and Ethereum Prediction: BTC and ETH Experience Over 20% Surge in Seven Days: Can the Rally Continue?

cryptonews.com:

Bitcoin, the world's largest cryptocurrency, continues its upward rally and attracted more bids around the $28k mark as the total cryptocurrency market capitalization exceeded $1.17 trillion, indicating positive momentum in the crypto market and contributing to BTC gains.

This trend coincides with some major US banks experiencing challenges, which has renewed discussions about the significance of digital currency.Likewise, Ethereum has sustained its bullish trend and is trading well above the $1,800 level.

Other cryptocurrencies like Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), and Solana (SOL) have also seen significant gains.It is worth noting that Bitcoin, the world's most popular cryptocurrency, has increased by 37% in the last week.This suggests that the value of Bitcoin will have climbed by $194 billion in 2023, or a 66% increase.But, rising fears of a worldwide banking crisis prompted investors to seek alternative forms of currency, such as Bitcoin, to preserve their holdings.The global cryptocurrency market has been gaining momentum and has surpassed the $1.17 trillion milestone.

The ongoing banking sector crisis in the United States is considered one of the primary reasons for the cryptocurrency's upward trend, as it highlights the significance of digital assets.