Bitcoin and Ethereum Losing Their Dominance, Tradecurve Onboards 15,000 New Users

Bitcoin (BTC) and Ethereum (ETH) are facing challenges to their long-standing dominance. As new projects emerge, the market dynamics shift, with potential gains to be found in alternative tokens.

Tradecurve, a rising player in the crypto space, will capitalize on these changing trends, promising investors significant returns.

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Bitcoin (BTC) ETF Applications Increase in Number; the Token Trades at $31,001.48

Bitcoin has scheduled a halving event within the next six months. It led financial giants like Fidelity, BlackRock, and Valkyrie to file Bitcoin exchange-traded funds (EFTs). This scenario previously took place in 2020-2021 as the interest of these financial giants in filing Bitcoin ETF was lowered after the FTX collapse.

It led many crypto exchanges to face regulatory scrutiny causing Bitcoin, and many other cryptos to trade sideways. However, up to 7 institutional companies are seeking to get Bitcoin ETF in the USA.

Most investors still believe Bitcoin lost its charm after FTX collapsed. Currently, it is trading at $31,001.48, a 0.83% rise over the past 24 hours. Experts predict that Bitcoin can potentially trade at an average price of $36,658.70 for the rest of 2023.

Ethereum (ETH) Whale Withdraws Millions of Dollars While the Token Trades at $1,958.07

One of the Ethereum (ETH) whales recently took out tokens worth millions from Binance (BNB) exchange. The blockchain tracking firm said that the Ethereum whale has taken up to 50,100 ETH since last month. The withdrawn Ethereum tokens cost more than $91 million.

The same whale later took out up to 8,500 Ethereum tokens again from Binance. The blockchain tracking firm also identified another Ethereum whale that bought huge token amounts.

The reports also tracked down an Ethereum whale with a repeated pattern of suspicious token trading. Currently, Ethereum is trading at $1,958.07, a 0.65% drop in a day. The 2023 prediction suggests that the token will likely trade at maximum and minimum prices of $3,904 and $1,607, respectively.

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Author: BeInCrypto Team

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