This week has been a good one for BTC so far. It has continued to rally from the price decline it suffered on Sunday, increasing at about 12%, and it doesn't look like it will reduce anytime soon.
The number one cryptocurrency hit above $12,000 on the 2nd of this month, but its rise was halted. However, the effect on BTC didn't last long, and a price rise above $12,000 will undoubtedly set Bitcoin on the way.
Even though some cryptocurrency analysts believe it may not happen, some Bitcoin investors are positive about a surge in the price of BTC, saying the harsh global economic conditions will promote investments in digital assets in the coming months. It has been predicted that the stock market will depreciate while interest rates will fall, which means there is a tendency for an increase in BTC's price.
ETH also suffered a price dip, selling for about $397 earlier this week and decreasing by 0.45% in a day.
However, the ETH options market is on a remarkable run, and it is experiencing a massive volume of stakes.
Source: Coindesk
