The recent market rally sees Bitcoin posing stronger gains over altcoins as Whale sentiment and trading volumes shift to BTC.
With Bitcoin’s recent breakout and Nasdaq correlation, analysts are expecting the BTC price to touch $56,000 this year.
The world’s largest cryptocurrency Bitcoin (BTC) registered solid gains on Wednesday, February 15, gaining more than 12% and inching closer to $25,000. As of press time, BTC is trading 8.11% up at a price of $24,597 and a market cap of $474 billion.
Over the last 24 hours, Bitcoin and altcoins together have added more than $100 billion to investors’ wealth. As per on-chain indicators, Bitcoin is likely to outperform Ethereum ahead this year. Pseudonymous crypto analyst KALEO tweeted to his 562K followers that the Ethereum/Bitcoin pair (ETH/BTC) is now trading below a diagonal trendline. Thus, ETH is likely to trail Bitcoin in terms of gains. KALEO wrote:
ETH/BTC finally broke beneath the high timeframe support line we’ve been watching.

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