Bitcoin and ETH Are Fighting for Their Lives Right Now

... Do We push bull or bear on this next leg?

Bitcoin's value declined over the past day, falling 4.2% to $48k and only just holding on above 50K for now.

The price of Bitcoin (BTC) was found to be trending downward on Thursday after six major crypto firms spoke before the U.S Congress’ Financial Services Committee earlier in day; however, it has since made a turn for recovery and is now trading at $6100 per coin - down 3% from yesterday's closing level!

The crypto world was abuzz with excitement as the hearing, which clocked in at an unprecedented five hours long. Nearly 40 lawmakers asked questions ranging from specific topics like stablecoin backing to broader areas like use cases of blockchain technology within our society today - all while ensuring they left no stone unturned!

Bitcoin and Ethereum saw a significant amount of bids stacked up following the hearing.

Ether, the second-largest cryptocurrency by market cap is currently is still trading at around $4191. This 5% decline over 24 hours shows that there are still many people who believe in Ether as a long term investment opportunity despite the recent dip we have seen recently.

The Ethereum blockchain is on an upswing, and it’s not just because of a recent upgrade. Analysts pointed to several factors that have contributed: one being the EIP-1559 implemented in August which effectively reduced net new supply for ether from this block chain; another factor may be how riskier traders are feeling lately as they look at other alternative coins like Bitcoin or Ripple instead due its bubble fluctuations during December

ETH vs BTC vs ALTS!

"It seems like the Ethereum-Bitcoin price difference has been narrowing for some time now," says Mr Dibb.

For altcoins, XRP was up 3% on the day and has gained 11.6% over last week while Bitcoin Cash is down 2%.

The value for each coin depends on supply and demand but also what people are trading it for- so there's no one answer here!

Investors were waiting for more information on the latest COVID-19 variant after it was discovered in European stocks last week. Stocks opened lower today as investors took into account new restrictions to battle this spread of infection, but they're expected to rise later when traders know what is going forward with their regulations against them!

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