Price of Bitcoin and Ethereum

[Ricardo11]

       

Bitcoin and Ethereum. Bitcoin is the cryptocurrency king. Bitcoin holds the number one position in cryptocurrencies and Ethereum holds the second position. I read somewhere before that when the price of Bitcoin goes up, so does up the price of Ethereum too. And while checking the market today I noticed that, really the price of Ethereum has risen along with the price of Bitcoin, Bitcoin price today is 52k and Ethereum price today is $2825.65, and Bitcoin has gained 15.9% in the last 7 days and Ethereum has gained 16.6% in the last 7 days. So does the price of Ethereum really go up when the price of Bitcoin goes up? And does Bitcoin's bull market actually coincide with Ethereum's bull market? What is your opinion on this matter? And correct me if I'm wrong.

[decodx]

So does the price of Ethereum really go up when the price of Bitcoin goes up? And does Bitcoin's bull market actually coincide with Ethereum's bull market? What is your opinion on this matter? And correct me if I'm wrong.

A fairly common question.  From my perspective, seems they often, though not always, trend together and  bitcoin frequently leads blazing the crypto path as first major coin.  So its big runs tend to lift other cryptos like Ethereum.  And in severe Bitcoin corrections, like 2018, alts like Ethereum can drop even more.

You could, you know, actually look at a chart yourself. It's not brain surgery.

[DeathAngel]

Bitcoin is the lead cryptocurrency, it’s the undisputed best coin on the market. Ethereum usually follows the lead of Bitcoin as the whole cryptocurrency sector does. We are all aware of how Bitcoin rolls around its cyclical halving phase, other coins follow it. There are many metrics you can follow to see when it might be a good idea to move some out of Bitcoin & into altcoins to try & take advantage of price increases. Take a look at live Bitcoin Dominance metrics. Overall Bitcoin pumps, so does everything else. Bitcoin dumps, so does everything else.

[btc78]

Generally, prices of cryptocurrencies rise or fall along with bitcoin. This is because investors usually use bitcoin as their standard. If bitcoin’s price is rising, the more they want to invest but they would rather buy cheaper currencies that may perform just as well as bitcoin hence why they will start looking for other altcoins

However, remember that this does not necessarily always happen it still depends mostly on the coin itself and how the investors react to its market. Usually though it is generally a good time to invest in altcoins when bitcoin is increasing.

Just make sure to check the coins you will be investing in. Not all coins will be performing as good as bitcoin, there’s just a huge chance that they might increase as well.

[Orpichukwu]

Sometimes the prices work very contrary to each other, but there are times when the bitcoin price will experience a drop in price and the ethereum price will be doing the opposite. A good example is just after the Bitcoin ETF approval, when the bitcoin price was dropping and the ETH was doing the opposite.
 
There are some news stories that could only have a small impact on Bitcoin and a larger one on Eth or other altcoins, but most of the time, the Bitcoin pump always brings about a positive change across other currencies that are also paired with it in the open market and not only ETH.

[GreatArkansas]

(....)
So does the price of Ethereum really go up when the price of Bitcoin goes up? And does Bitcoin's bull market actually coincide with Ethereum's bull market? What is your opinion on this matter? And correct me if I'm wrong.

Not always, somethings that are happening are the opposite, sometimes yes.
For now, the market is already different, if Bitcoin pumps, altcoins pump, if Bitcoin dumps, altcoins dump, if Bitcoin stays sideways, altcoins pump.

But now it's totally different, like sometimes Bitcoin pump first then after a few days, altcoins especially Ethereum pumps. Or sometimes even Bitcoin already pumping altcoins or Ethereum still in sideways.

[wheelz1200]

Yes it's always been like that.  Bitcoin runs the market, period.  Amd the reason you are seeing them go up similarly is because a lot of the price action for alts to include ethereum is because it's bought under the alt/btc pairing.  So if bitcoin goes up then inherently if demand and supply stay the same then so will the trading pair. 

[husencoe]

Indeed, ETH usually always rises when BTC rises, and this happens to almost all Altcoins.  But sometimes even ETH can rise when BTH is down.  So this doesn't always happen but usually, yes.

However, I think it's about trends and market demand.  When there is a lot of positive news about crypto, it will certainly bring in new investors looking for opportunities and this is unstoppable.  And of course they will look for bitcoin to hold it, others will choose ETH as the second.  This is human psychology to follow social impulses.

Maybe another thing is because BTC and ETH are cryptocurrencies that are available on various exchanges, making them as the best conversion coins for later withdrawal.  As we know, BTC and ETH are crypto leaders, of course investors will choose them as the first.

[nelson4lov]

~Snipped

 So does the price of Ethereum really go up when the price of Bitcoin goes up? And does Bitcoin's bull market actually coincide with Ethereum's bull market? What is your opinion on this matter? And correct me if I'm wrong.

You're not entirely wrong. BTC usually leads the market while other cryptos follow suits. Ethereum is a large cap crypto and is tightly correlated with Ethereum. BTC and ETH go way back - Vitalik was Bitcoin enthusiast before launching Ethereum as an alternative with solutions to someone's of Bitcoin's problems.

But for more context, the recent moves that BTC and Ethereum has pulled involved the following:

• High Inflows to Bitcoin ETFs: Right now, BlackRock and Fidelity hold around $10B worth on Bitcoin in their ETFs.
• Ethereum ETFs application was submitted and traders are speculating that it would be approved like Bitcoin because of all the key players involved in the ETF application.

When ETH goes on a full blown rally, Altcoins will follow suit because the market runs like this:

Bitcoin => Ethereum => Altcoins.

*money flows from left to right.

[JeffBrad12]

in simple term bitcoin is the trend, it being used widely to determine whether we are in bullish and other coin follow because of trend, sometime other coin rising up on their own, thats totally fine, but in general if we want to see coins in the whole crypto market increasing in unify its definitely depends on bitcoin, because after all, the rate of greed increase.
I always see this pattern that if bitcoin is rising, other coin will also follow, its kinda shows that people just already consider any coin out there should follow the bitcoin trend.
so yes, not to mention the fact that with the growing of market cap, like ethereum that hits billions, the price follows bitcoin even more, but we will see when ETH ETF gets approved, whether ethereum gonna increase on its own.

[Roland_King]

Bitcoin is like the king of the crypto. If he pumps, other altcoins tend to increase in value as well. When btc declines  its likely that other altcoins drop at the same time.


BtC/Eth=Altcoins

[Fatema Begum]

Now bitcoin and ethereum price at good position and hopefully BTC can hit $60k and ETH $3.5k expected.

[Farhan99]

Bitcoin and Ethereum. Bitcoin is the cryptocurrency king. Bitcoin holds the number one position in cryptocurrencies and Ethereum holds the second position. I read somewhere before that when the price of Bitcoin goes up, so does up the price of Ethereum too. And while checking the market today I noticed that, really the price of Ethereum has risen along with the price of Bitcoin

Right if the price of Bitcoin is up then definitely Ethereum price will also increase now the current price of Bitcoin is 52,110$ Trading now they touched at 52,800$ yesterday. Now the Price of Ethereum is 28,850$. I think if this trend continues Bitcoin will touch 55k$ very soon Ethereum will also go up to $ 3,000$ and we will see a great pump in altcoins.

[Wildwest]

Bitcoin is a large coin which is the mother of all altcoins, in the last few weeks the market has grown again until the price of bitcoin rose from $43,000 to $55,000. We can see that since Bitcoin and cryptocurrency forums are known to many circle, Bitcoin has remained at the top until now no one has replace it.
It is clear that ethereum is an altcoin that is in great demand because it is the top altcoin after bitcoin, so when bullishness occurs, the price of bitcoin rises, almost all altcoins follow the movement of bitcoin.

[BD Technical]

Bitcoin always comes with a little currency lag because when bitcoin price increases then BNB, ETH increases in price because the market is good then bitcoin fan price increase means your market goes up all coins depend on bitcoin because all coins except bitcoin are stagnant market  The market is bullish on Bitcoin because there is currently a situation where one  The holder or trader depends on when the price of bitcoin will increase and the market will be liquid if you notice that there are many new tokens that have been waiting to increase and.  Currently, with the increase in Bitcoin price, they have started to list their talk and in the market.  Started without unlocking

[Moreno233]

I have noticed that from November last year till date, Bitcoin seems to be the major currency that have moved the most. ETH, BNB and other top cryptocurrencies rarely moved. From when the present bull run started, Bitcoin has done more than double its price from the dip while many major altcoins have not done more that 50% rise. This makes me wonder when the altcoin season will come and if it will ever come. Those who diversifies their investment to altcoins might be regretting not leaving everything in Bitcoin unless the altcoins season finally arrives.

[john1010]

Let’s break down the statement from FXStreet:

Bitcoin (BTC):
Short-Term Prediction: BTC could extend its gains to $55,000.
This implies that in the near future, Bitcoin might experience a bullish trend, pushing its price upward.
Ethereum (ETH):
Short-Term Prediction: ETH might leap to $3,000.
If ETH bulls (investors who are optimistic about Ethereum) remain cautious and manage their profit expectations, Ethereum’s price could surge to $3,000.

[mk4]

Most of the time — yes, but definitely not 100% of the time. Most coins move up altogether when markets in general are bullish, but they can move by their own if they have their own catalyst or if people are simply just mostly concentrated into buying specific cryptocurrencies.

[fullhdpixel]

Bitcoin and Ethereum. Bitcoin is the cryptocurrency king. Bitcoin holds the number one position in cryptocurrencies and Ethereum holds the second position. I read somewhere before that when the price of Bitcoin goes up, so does up the price of Ethereum too. And while checking the market today I noticed that, really the price of Ethereum has risen along with the price of Bitcoin, Bitcoin price today is 52k and Ethereum price today is $2825.65, and Bitcoin has gained 15.9% in the last 7 days and Ethereum has gained 16.6% in the last 7 days. So does the price of Ethereum really go up when the price of Bitcoin goes up? And does Bitcoin's bull market actually coincide with Ethereum's bull market? What is your opinion on this matter? And correct me if I'm wrong.

What you heard is true because many of us already witnessed it a lot of times. It may only seem funny that ETH gains are more than the BTC but that is normal because ETH is smaller than in BTC and the more pump percent are experienced the smaller the coin is. This is why many people tries to invest on them more than the heavier ones but the only downside is their risk is also high, so if you can't handle it then much better to just stick on the heavier coins for a much guaranteed and stable returns.

Apart from BTC as a trigger, ETH and other altcoins can also pump first sometimes, and the event is called as alt season. This is why it's also wise to have an altcoin with us apart from our BTC investment.

[Bureau]

Actually the price of Bitcoin hasn't been going up anymore. It is hanging around the $51k to $52k mark whereas Ethereum is pumping. The reason for it's pump is because of Dencun upgrade which would be happening on 13th of March. I am expecting it's price to easily touch $3k before the due date. At the moment this is the only primary reason why the price of Ethereum is going up. If it wasn't that scenario then I would have too agreed with you that Bitcoin dominance drives the cryptocurrency market.