At the time of writing, the price of Bitcoin (BTC) was at $44,772.43, behavior that correlates with what we had been announcing since the first weeks of January, where we indicated that the BTC was in an accumulation range to then continue its upward race in search of $50,000.
Fig. 2 Bitcoin price line in the last 24 hours. Image captured from: Coingecko.com
Even though, the recent rise of BTC from the technical point of view has already been announced, and on the other hand, some experts suggest that the growth of BTC is occurring from the adoption of S&P 500, however, to mention that in the last 24 hours there are several assumptions of fundamental analysts, where it is stated that the financial buoyancy of the issuer of Tether will make Bitcoin fall and in the following weeks it will enter a bearish channel.
On the other hand, while the BTC landscape is totally convulsed, in our Ethereum (ETH) network it has been announced that ETH should reflect an asset price above $2,500, provided that adjustments are made to modify the current rate auction system, this with the objective that everyone pays only the lowest bid that was included in the block, and where rates are adjusted dynamically according to the load and demand of the network, it is noteworthy that currently the price of ETH is located at $1,735.03.
Fig. 3 Ethereum price line in the last 24 hours. Image captured from: Coingecko.com
Regarding the price of HIVE, this cycle currently experienced by Bitcoin and Ethereum, has created conditions to increase the volume of our crypto, to the point of exhibiting a slight upward movement to be located above 0.18 dollars, behavior that in the short term will attract investors.
Fig. 4 Hive price line in the last 24 hours. Image captured from: Coingecko.com
BIBLIOGRAPHICAL REFERENCES CONSULTED:
[1] Suberg W. Too late for Tether 'FUD' as Bitcoin price poised to hit $63K, says trader filbfilb. February 10, 2021. Article: Online access
[2] Suberg W. Bitcoin hits $43K all-time high as Tesla invests $1.5 billion in BTC. February 10, 2021. Article: Online access
[3] Young M. Cómo EIP-1559 podría hacer que el precio de Ethereum llegase a $20.000. February 09, 2021. Article: Online access
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