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BTC Prices Rise Through $9000
As we have mentioned, the prices had been hit hard last month on the back of a lot of bad press and bad news from the various leaders and regulators and at one point of time, it looked as though the prices would slide into oblivion. But as has been the case since the beginning of the bitcoin market, the prices have shown a lot of resilience over the last couple of weeks and they have managed to stage a strong bounce during this period and the rise has been slow and steady and not as violent and volatile as it usually is. This shows that the speculators have been shaken out and it is more about the bigger traders and investors in the market now.
The ETH prices have also been rising steadily higher and yesterday, we saw the prices break through the $900 region and it looks set to challenge the $1000 region in the short term. Like the BTC prices, the prices of ETH have also risen in a slow and steady manner which should give a lot of confidence to the traders for the bull run to continue.
Looking ahead to the rest of the day, we do not have any major fundamentals to drive the prices in either direction and so we can expect some consolidation to happen with a bullish bias as the BTC prices get ready to challenge the $10,000 region and the ETH prices get ready for the $1000 challenge.