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Price Analysis

Bitcoin Vs. Ethereum: BTC Drags Along ETH Into the Upsurge

Bitcoin is trading above $10500. The uptrend in the market is helping the coin to recover tremendously. Ethereum is also walking in the footsteps of Bitcoin. The traders who were suffering from the heavy drop are now at relief.

We are expecting the coins to keep the upsurge intact. Let’s have a look at the intraday chart.

Current Statistics of Bitcoin – Ethereum:

ParticularsBitcoin (BTC)Ethereum (ETH)
Price$10,558.29$178.46
Rank12
ROI7703.62%6202.49%
Market cap$189,150,655,874$19,202,779,414
24hr volume$18,765,632,322$6,655,896,736
Circulating Supply17,914,887 BTC107,601,207 ETH

Bitcoin – Ethereum Price Comparison:

The chart is taken from TradingView on 04th September 2019 at 10:05:37 UTC for price analysis.

BTC - ETH Price Chart
BTC – ETH Price Chart

Bitcoin and Ethereum comparison chart is reflecting an upsurge with a stable movement. Bitcoin opened with an upsurge. The price switched from $10439 to $10488 by 0.47%. The coin felt a little pull-back. Further, the coin jumped from $10307 to $10760. The progression in the coin was marked by 4.39%. For the rest of the day, the coin was seen trading at $10700. The coin closed at $10650 with a progression of 1.96%. Today, the coin slipped from $10650 to $10477. The regression was of 1.63%. Later, the coin escalated to $10656. The coin is currently trading at $10513.

Ethereum started the day with an uptrend. The price changed from $179 to $180 by 0.72%. Later, the coin escalated from $175 to $182 by 4.26%. Towards the end of the day, the coin slipped from $181 to $179 by 1.23%. Today, the coin opened with an escalation. The price changed from $179 to $180 by 0.78%.

BTC – ETH Price Prediction and Conclusion:

Bitcoin and Ethereum walk on the same path. Many coins follow them blindly with a prospect to improve their momentum. The coins are speculated to start the price rally in the market. The chart is also giving positive signs. The same has spiked hope among the traders. They are looking forward to having a flourishing time ahead.

By the end of 2019, the coins might close the year with a positive digit. The long term investment would help the traders draw huge outlays from their investment in Bitcoin and Ethereum.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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