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Cryptocurrency Recovery in 2023 - Ethereum and Bitcoin in the Green

Crypto markets are steadily on the way to continuing their recovery in 2023, according to market intelligence firm Santiment.

Ethereum and Bitcoin Logo
Ethereum and Bitcoin Logo

Ethereum (ETH) is currently trading at $1,265.62 after a 1.49% increase in price and is also still in the green by more than 5% over the last seven days. ETH has also strengthened against its biggest competitor, Bitcoin (BTC), by about 0.56%. BTC is currently trading at $16,942.38 after a 0.89% increase in price and is up by more than 2% over the last week and 0.61% over the last month.

Ethereum and Bitcoin's 24-Hour Trading Volumes

Ethereum's (ETH) 24-hour trading volume currently stands at $4,644,379,906 after a more than 20% increase since yesterday. BTC's 24-hour trading volume is in the red zone and now stands at $13,596,445,414 after a more than 2% decline. Despite this, Santiment concluded in a Tweet that BTC and the S&P 500 remain very correlated and a break "would be good for BTC."

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