Bitcoin (BTC) price started moving after a prolonged consolidation, and with it Ethereum (ETH) and Ripple (XRP) prices. The general outlook is revival recourse, with markets flashing green as the Chinese Lunar Year of the Dragon sets in this weekend. It is a special year, representing strength.
Digital Currency Group’s (DCG) legal debacle has gone from bad to worse after the New York Attorney General’s office expanded its lawsuit.
Among the top 10 most capitalized cryptocurrencies, Ethereum (ETH) has outshone its peers, marking the strongest performance with a 7% increase over the week. As market analyst for FXStreet Mike Ermolaev noted, the ETH price recently peaked at $2,706 and, even despite a pullback, many are eagerly eyeing the potential for Ethereum (ETH) to breach the $3,500 mark in the near future.
