Ethereum Hits Over $1,000 – As Bitcoin Sees A Healthy 20% Correction

Bitcoin has raced to more than $35k during the past day, and after the ATH a healthy correction which was already expected came.

On the other hand, Ethereum raced like crazy, and it was even able to hot above $1,000.

At the moment of writing this article, ETH is trading in the green, and the coin is priced at $963.88. 

Ethereum 1k just like that! Unreal

— Davinci Jeremie (@Davincij15) January 4, 2021

Someone said: “Someone in this thread says Ethereum has 1 million and the other said unlimited. I am Investing, but I think I should have put all my little money in Bitcoin… please explain someone.”

Another follower said: “Do you believe something similar to 2013 could happen?
Like BTC going straight to 80-100k in 2-3 weeks then a big correction back to current levels, and by the end of the year big numbers again?.”

A fan said: “No. The volatility of each BTC bull run decreases each cycle. It’s the nature of price discovery as markets mature. It will still be much more volatile than the stock market because it’s the much younger and smaller market cap, but never gonna have as big of swings as previous cycles.”

Crypto whales accumulate ETH

In a new Twitter post, Santiment said that the number of addresses holding more than 10,000 ETH has increased over the last two months while addresses that own 10,000 ETH or less have decreased over the same stretch.

With $ETH crossing $750 for the first time in 31 months, we’ve discovered that there are 39 more #Ethereum addresses holding 10,000+ $ETH compared to just 2 months ago. Meanwhile, the amount of addresses holding 1-10,000 $ETH have shrunk over this time. https://t.co/H2bp5UHRaV pic.twitter.com/Tr7wiYsUO7

— Santiment (@santimentfeed) December 31, 2020

Stay tuned for more related news about the bullish moves that are taking place in the crypto space these days. 2021 is said to be a booming year for the crypto space.