Price Analysis

Bitcoin Vs Ethereum: Bitcoin Walks With Healthy Momentum, Ethereum (ETH) Follows BTC

Bitcoin (BTC) touched $11,000 on the chart yesterday. The digit was unimaginable a month ago, but the at everyone’s surprise BTC has achieved the double-digit counter. The super hike in Bitcoin has not left the market untouched. Many coins are reacting in the same pattern as the BTC.

Ethereum (ETH) is also one of the altcoins which got pulled by Bitcoin price surge. Surprisingly, the momentum of the coin is continued on the charts today. The coin is indicating a positive day ahead. We are anticipating that Ethereum could close at $350.

Bitcoin Vs Ethereum current statistics:

ParticularsBitcoinEthereum
Price (USD)$10,722.29 USD$311.78 USD
Market Capitalization$190,588,171,671 USD$33,238,031,451 USD
Return on Investment7,824.83%> 9000%
24hr Volume$25,580,924,843 USD$9,467,722,232 USD
Rank12
Circulating Supply17,774,950 BTC106,605,835 ETH

Bitcoin Vs Ethereum price chart:

The chart is taken from Trading View on 23rd June 2019, at 08:25:59 UTC for price analysis.

BTC vs ETH

Looking at the chart, the coins, Bitcoin and Ethereum both started climbing on the chart at a steady speed. Bitcoin jumped from $10,100 to $10,900 and marked a progression of 6.67%. However, the potential growth in Etereum was of 5.09%. The price went up from $294 to $309. The entire day remained the same for both the coins. Today, Bitcoin opened at $10,731 and jumped till $10987, the coin is recently dealing at $10,803. Ethereum was at $311.31 in the morning. The coin jumped till $320 and is trying to keep it tight at the same level.

Price Prediction:

Bitcoin is riding high on the chart from the past few days. The coin could go under selling and soon bounce back. Ethereum, on the other hand, reflects great potential of climbing up on the chart.

Conclusion:

The investors are recommended to keep it tight with Bitcoin as the coin is expected to rise and touch $12,000 soon. Ethereum is also on the same road. The long term investment looks promising for both the coins.

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Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.
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