Bitcoin and Ethereum Price Forecasting; Is Another 5% Increase Possible For Bitcoin And ETH?

Btc and Ethereum prices have climbed in recent months, and they continue to do so today. As a result, many investors are wondering if BTC and ETH may gain another 5% today. To tackle this issue, we must reexamine market circumstances and determine if there is sufficient market momentum to drive Ethereum and Bitcoin prices higher.

What You Need To Know About Current Market Opportunities If You're In A Risky Crypto Mood

Cryptocurrency markets got off to a good start on January 30th, with the worldwide crypto market capitalisation increasing by 1.77% in the past 24 hours to $1.07 trillion. Total cryptocurrency trade volume climbed by 24.92% within the same time period, reaching $49.61 billion.

Numerous factors, including good market circumstances, increased institutional spending, and the expectation of widespread adoption, all helped to the industry's success.

In comparison, if the United States Central Bank decides to raise interest rates, altered market expectations about it might have a substantial influence on the cryptocurrency market.

Importantly, if the interest rate hike exceeds market expectations, the impact on the bitcoin marketplace may be negative overall.