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The congestion situation of ETH network has been alleviated. But before that, the mint sugar action had driven this growth

Bitcoin is currently experiencing considerable gains as the Cryptocurrency tries to maintain its recent gains. However, it requires additional catalysts to maintain its upward momentum

The Federal Reserve's interest rate increase slowed down, and Bitcoin, the world's largest Cryptocurrency, rose sharply in response.On February 2nd, Beijing time, after the Federal Reserve announced a 25 basis point interest rate hike, the price of Bitcoin quickly climbed to over $24000 per coin

The Dogecoin has shown significant strength in the past few days, trading above the bearish area. The bulls are striving to maintain a stable upward momentum, but their strength seems to have weakened, so a significant bearish reversal may be imminent

After regaining this support from bears, Bitcoin remained above $31000 for most of Friday. However, this situation did not last long, as digital assets experienced a flash crash, causing their prices to soar to the level of $29000

The digital currency ecosystem has awakened with new growth potential.The expected positive economic data scheduled for release this week is to some extent enhancing market sentiment

Although the market value of Ethereum cannot exceed that of Bitcoin (BTC) at present, the number of original ETH held in the Ethereum blockchain will exceed the number of Ethereum held by crypto exchanges for the first time in the coming weeks. According to Nansen data analyzed by Blockworks, earlier this week, the number of ETHs held in the Ethereum blockchain was 22

The crypto market has started a new weekly trading cycle, hoping to remain bullish for the rest of the week. The cryptocurrency Bitcoin ended its weekly trading with a green candle, highlighting the possibility of a bullish outlook for the next week

summarizeAlthough Bitcoin (BTC) was shaken by the uncertainty and regulatory measures in the Cryptocurrency market, it gained support at $25000.The level of $25000 is a strong support point for Bitcoin and has bullish potential above that support

The price of Bitcoin has reached important support areas, including the lower boundary of the upward channel and the static support area of $25000, which is consistent with its previous major fluctuations formed on February 19. Due to the seemingly high purchasing pressure, it is expected that prices in the region will receive excellent support

After the encryption market entered May, it showed a trend of adjustment. From the data on the chain, Bitcoin and Ethereum appeared differentiation