Bitcoin Price and Ethereum Prediction: DOGE Soars 35%, Will BTC and ETH Follow Suit?

cryptonews.com:

The cryptocurrency market has experienced many ups and downs lately, but things are looking positive now. This trend may be attributed to the improving global economy and lower inflation rates. 

Bitcoin, one of the most well-known cryptocurrencies, has gained significant traction recently, surpassing the $29,000 mark for the first time since June 2021. 

This year, BTC, the world's largest cryptocurrency, has seen an increase of approximately 70%.

Meanwhile, Ethereum, the world's second-largest cryptocurrency, has reached $1,858 levels, its highest since August 2022. Ethereum has risen by over 9.8% this month and nearly 50% this year.

Dogecoin (DOGE) has experienced a surge in value once again, thanks to an update on Elon Musk's Twitter profile. The tech billionaire changed his profile picture to a Shiba Inu, the breed of dog that inspired the creation of the meme-based cryptocurrency. 

As a result, the price of DOGE shot up by 35%, causing a stir in the crypto community. 

This is not the first time that Musk has influenced the value of DOGE through his social media activity, with his tweets and comments about the digital asset often causing significant price movements.

The cryptocurrency market has been performing well recently, and many people are optimistic about it. Bitcoin, the most valuable cryptocurrency, has increased by approximately 70% this year and is currently valued at over $28,000. 

It saw a rise of about 20% in March, the largest increase since January 2023. As of now, the global crypto market capitalization is $1.17 trillion, up 1.09% in the last 24 hours.

However, the current surge in the cryptocurrency market could be attributed to the ongoing banking crisis, which has led the Federal Reserve to retract from