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Bitcoin lifts above 34k

25 Jan, 2021

It was noted here earlier today; that Bitcoin was again being outgunned by its number two, Ethereum. Well, since that update the reverse has actually happened and Bitcoin is now outperforming Ether in relative terms since the European opening. ETHUSD is currently trading shy of $1420 whereas Bitcoin is just lifted above 34k for the first time today. The move has extended to as high as 34,4479 a few moments ago. The rush back into Bitcoin seems also to have taken place as the European stock markets suffer more downside. As to whether or not the two moves are connected is not certain. Bitcoin is currently trading at 34,450

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