Cryptocurrency is still providing huge potential for investors lately, due its rapidly increasing Valuations in the market. Over the past 24 hours, Bitcoin (BTC) has slipped slightly by 0.26%, while Ethereum (ETH) experienced a significant 1.57% drop in its rate.

Bitcoin (BTC) current trades at around $27,919 at press time, having a slight decrease towards the middle of the channel, with a price around $27,500. This is likely to happen while investors struggle with keeping the rate above $28,000 before the end of next week. Ethereum (ETH) on the other hand, is facing a continual fall since the resistance level at $1,890 as the interest of buyers kept declining. This could bring ETH's price closer to the support zone at $1,800.

It is clear that cryptocurrency is still one of the most convenient and lucrative approaches to investment lately. This is due to the chance of gaining huge profits in a very short time period, just as the overall market performance has been recently growing at a very high rate. This is attributed to the strong support that different coins have encountered from the institutional investors and financial regulators. Despite the small fluctuations from time to time, the market seems to be very willingly adopting all the new changes brought to it, like the increase in Bitcoin's block size from 1Mb to 2Mb.

It is essential to always keep updated with the latest cryptocurrency news and analysis, so as to ensure making informed decisions when approaching the market. This is due to the fact that being aware of the most recent events allows predicting future trends and implied risks, in order to make the best possible choice when investing. This is clearly seen in the current trading state of Bitcoin (BTC) and Ethereum (ETH), which are amongst the most popular coins on the cryptocurrency market.



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