JAKARTA - Crypto assets with the largest market capitalization, Bitcoin and Ethereum show different price movements in the face of the next seven days.
The Head of Bitget Research Team Analyst, Ryan Lee, provides his views and analysis on the trends that will occur on the crypto market this week through the trends in the price of Bitcoin and Ethereum.
Bitcoin (BTC) is again showing a bullish momentum (a price that has consistently risen for some time) entering the week 21' 27 April 2025.
BTC is trading in the price range of 83,000 90,000 US dollars (US). BTC's success in penetrating the 87,000 level indicates a reversal of the trend.
The increase in BTC prices is based on several factors, including an increase in the flow of funds to Spot ETF and a slowdown in sales of miners (owners of BTC assets obtained through mining results) after the halving period (the 4th anniversary of reducing total supply of BTC).
The weakening of US Dollar prices and the strengthening of gold prices also underlie the macroeconomic strengthening of Bitcoin prices, which make investors more interested in focusing on BTC investments and making them a safer asset instrument today.
Unlike Ethereum (ETH) as the second largest crypto asset based on total market capitalization, ETH is still trapped in the price range of 1,520,700 US dollars, this shows a weaker price move than BTC.
Layer 2 activity (the blockchain project that uses the Ethereum ecosystem) is limited and the ratio between weak ETH/BTC is the two main factors why the movement of the ETH price is not as massive as BTC.
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Ryan explained that the price of ETH had to break above $1,700 to change market sentiment.
Investors can also read the phenomenon that occurs on a macro scale to be able to predict price movements and market directions a few days later.
Such as the issue of determining Tariffs which are still being discussed recently and have an impact on price movements in all investment instruments.
The analysis given also has the potential to experience drastic changes if there is a new phenomenon or policy that affects the world economy.
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