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Bitcoin Hit $36,800 Shortly after Ether Rises Above $1,500.

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Dowenship

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Yesterday after ethereum rise above $1,555 which was the highest mark it as ever reached. It was discovered that the influence of ether lead to the increase of bitcoin price, which also experience a breakout that rises above 35,000 to hit $36,800.

Does that Means Ethereum is in control of crypto currency in the market price?
 
It doesn't mean that Ethereum is in control of the cryptocurrencies market. What I have discovered is that these cryptocurrencies has a kind of connection with each other, especially among the 5 top cryptocurrencies, when one increases in value, the rest always follows suit.
 
The coin is a promising coin, it will keep rising until it reach it peak of mining which is still have long way to go in increasing it value. It an opportunity for who wants to invest in crypto now, bitcoin to be precise. It the father of all coin. Invest now and gain interest daily.
 
That's the point I've been trying to make and it is what smart traders are doing. When one of them move up, the other must surely increase in such a manner that makes it look synchronic. As a smart guy once you see the price of Bitcoin moving up, just invest in Ethereum for quick gain.
 
That is an amazing fit to have reached despite all the negative predictions and the banning of this wonderful source of income in Nigeria. This is truly amazing, the both currencies will sore higher and higher.
 
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Bitcoin is going higher as predicted that by mid of this year we could see bitcoin at $50,000 it is very much possible, those who have it can continuously hold because more surge await bitcoin and few other coins .
 
The rise in bitcoin price was expected there is a big demand in the market and ETH has a good project and actif team
behind i expect ETH to follow bitcoin and increase highly especially with all this good developments
 
Dowenship said:
Yesterday after ethereum rise above $1,555 which was the highest mark it as ever reached. It was discovered that the influence of ether lead to the increase of bitcoin price, which also experience a breakout that rises above 35,000 to hit $36,800.

Does that Means Ethereum is in control of crypto currency in the market price?
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No! It doesn't mean ethereum is in control of bitcoin or responsible for the rise in value of it. I'm of the opinion that its just a share coincidence. And the price of bitcoin would always fluctuate at any given time. This is irrespective of whether other crypto currencies are going in the same direction or not. I see the bitcoin hitting close to $50k before the end if this year.
 
We will continue to experince the sudden rises or fall of crypto currencies as the years go by because money has evolved and we are now in a digital era where everything is going or has gone digital. The demands will definitely force the prices to go higher.
 
Ethereum is not in control of cryptocurrencies, it is bitcoin market price that affects the price of other cryptocurrencies. Anytime that bitcoin rises or fall, same will become the fate of other cryptocurrencies.
 
Bitcoin controls the crypto market rather, though they have their difference chain, but a fall in the price of Bitcoin would certainly affect the price of etherum
 
Currently the price of Bitcoin slightly move above 550000 dollars few days ego and it retrace back to 50000 dollars. It is expected that the price of Bitcoin will moved from 55,000 dollars to 60000 dollars and 65000 dollars.
 
Currently, bitcoin price is around $49K, it has become $49K after reaching $67K a few weeks ago. When it was $67K a lot of people started saying it will become $100K but it did not happen
 
I don't think Ethereum or any other crypto currency helps bitcoin to gin price, in fact it is just opposite. Generally speaking when Bitcoin goes up a lot of alt coins also go up.
 
The fact is that Bitcoin is still the main controller of the market ,that's why you see the price of Bitcoin increasing and other coins to increasing and when the price starts falling ,there is also a noticable fall in the price of the coin too ,so Bitcoin is still the controller in that range
 
Kingsley said:
That is an amazing fit to have reached despite all the negative predictions and the banning of this wonderful source of income in Nigeria. This is truly amazing, the both currencies will sore higher and higher.
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The current ban or should I say restrictions placed on crypto currency by the Nigerian government did not affect Bitcoin in anyway. Currently south Africa have started accepting the use of crypto currency and currently working on ways to regulate crypto currency, are you aware of this?
 
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