Bitcoin Price and Ethereum Prediction – Can BTC Target $20,000 Next?
On October 18, Bitcoin price continued to trade bullish, breaking above the major resistance level of $19,440 level. Ethereum, on the other hand, has gained more than 2% to $1,334 during the early Asian session.
Major cryptocurrencies are trading in the green today as the global crypto market cap grew over 1.7% on the previous day to $934 billion. Over the last 24 hours, the crypto market volume was around $50 billion, a 31% gain.
DeFi had a total volume of $3.3 billion, while the total volume of stablecoins was $47 billion.
The top performers in the Asian session were Huobi Token (HT), Zilliqa (ZIL), and Maker (MKR). The Huobi (HT) is on the rise, gaining over 15% to $7.7, while ZIL's price has risen by over 11% to $0.033. Moreover, MKR's price rose over 9% to $1,084.
The Ethereum Name Service (ENS) price is exhibiting a downtrend, losing nearly 4% in the last 24 hours to $18. Casper's price has dropped more than 4.5% to trade near $0.046.
Here are some of the events that stood out in the crypto news section:
A flurry of corporate earnings releases could influence market sentiment, so investors bought riskier assets like Bitcoin and other cryptocurrencies on Monday. Since early September, the price of the largest cryptocurrency has generally ranged between $19,000 and $20,000.
Although Bitcoin has fallen dramatically from its all-time high near $69,000 in November 2021, the lack of volatility in recent months has been a welcome respite from an otherwise tumultuous year.
Assuming there are no large-scale events occurring within the cryptocurrency industry, the next big rise in digital assets will likely be triggered by this week's wave of corporate earnings and the effect it has on equities.
Several on-chain block explorers
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