The fresh 24-hour surge in Bitcoin and Ethereum is seen as a vital indicator of cryptocurrency
After experiencing a rather disappointing week, the fresh surge in BTC (Bitcoin) and ETH (Ethereum) serves as a vital indicator for the cryptocurrency market. BTC registered a gain of 1.12%, and ETH surged by 2.03%, reaching values of $39,941.48 and $1,835.44, respectively. This is a positive sign, as both currencies remained stable last week, while the S&P Index grew by over 6% in just 4 days.
The current surge didn’t help BTC in gaining market dominance, as the prominent cryptocurrency, covering 52.48% of the crypto market, saw its dominance drop by 0.20%. Cryptocurrencies can have a bullish future ahead if they remain unaffected by the equities market.
Therefore, these vital indicators will play a crucial role in determining whether cryptocurrencies can disassociate themselves from the equities market and embark on an independent bullish ride.
