Saturday, yes, it’s the best day of the week again to find the crypto to buy for now or next week.
Right now, the crypto market is seeing a bearish trend, with key players like Bitcoin and Ethereum facing price drops.
Bitcoin fell from $117k to $113 level, a 3.6% decline, while Ethereum slipped from $3,7k to $3,4k area, down 6.7%. Yet, market sentiment holds a bullish edge, with the Crypto Fear & Greed Index showing “Greed” earlier this week with BTC reaching a high $119k, hinting at investor optimism.
Is “now” the best time to buy crypto?
![[LIVE] Massive Crypto Liquidations to Precede A Big Pump: Best Crypto To Buy Now](https://cimg.co/wp-content/uploads/2024/02/26205235/btc.svg "[LIVE] Massive Crypto Liquidations to Precede A Big Pump: Best Crypto To Buy Now")
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Yesterday, $1,29 billion in liquidations was not all that bad. It could be just institutions shaking off weak hands, always happening.
Yes, tariffs and the Fed’s failing to bring the rate down might affect it, but it could also be the reason for a shake-off. Just how institutions with big money play, taking advantage of the situation.
Now, here’s the fact: Ethereum, the second-largest crypto, remains below its all-time high (ATH) of $4.7k this cycle, and could be the best one to buy.
Despite the dip, it is still recording positive developments. The Pectra upgrade has boosted scalability and cut transaction costs, which will definitely help with adoption. Ethereum is also still dominating DeFi and NFTs, with over 56% of DeFi’s total value locked.
Institutional interest in Ethereum is also surging and not stoping. Spot ETH ETFs recorded strong inflows, including $18.27 million into BlackRock’s ETHA end of July alone.
It’s not a secret that institutional backing fuels crypto pump. Not to forget that most Analysts predict Ethereum to hit new ATHs in 2025, with estimates topping $6,500. It real, the dump could be a spring down before it coils up.
It’s not just BTC and ETH; the general crypto adoption rate is still going at a rapid pace.
Who would have thought that Bitcoin would hit $120k this cycle? Even the Germans have sold 54K BTC at 59K, a $3.5 billion that should be at $7 billion today. Despite the storm, crypto always comes up stronger as it matures.
Ethereum, still shy of its ATH, and today, could be a strategic moment to invest before prices soar to new highs. Now, staying informed and keep an eye on the best crypto to buy could be the way to make big bank.
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