Key Highlights:
Bears are taking over the market again, and it looks like the second week of July will see a lot of downward trends. Ethereum is one of the coins that have been plummeting in the past few days. Ethereum coin has dropped from the high of $1.261 in less than a week to the current $1,066.90. Ethereum coin has declined 6.7% in the past 24 hours.
Ethereum's current fall is driven by the hawkish Fed. Federal Reserve is expected to increase the interest rates during the July meeting. The hawkish meeting minutes are already out, and the Ethereum coin is responding to them. Crypto experts say that the Ethereum price might drop below $1k if the bears control the market this week.
Ethereum holders are already cashing out, which is why the Ethereum price is plummeting. Ethereum selling pressure might grow even bigger as we near the mid-Month, and that's why a sharp decline will see Ethereum trade below $1k. According to crypto experts, Ethereum might hit $750 this month, despite the Ethereum merge coming up this August.
However, Ethereum holders have the perfect opportunity to invest in Bitgert (BRISE), a coin that might outperform even Ethereum this year. Bitgert performance during the previous bear markets has been impressive. Bitgert is one of the coins that have maintained a stable price.
The massive potential Bitgert price has to explode this year is what attracts Ethereum holders. Bitgert disruptive developments are what make Bitgert coin stand out. Bitgert BRC20 blockchain is currently superior to the Ethereum chain. Bitgert is also the fastest chain and the only zero gas fee in the world today.
The Bitgert blockchain is the major reason why Bitgert is doing well in the market due to its mass adoption. But there is more that Bitgert offers to investors. The Bitgert disruptive products are making the Bitgert coin very attractive. The Bitgert bridge has made the Bitgert BRC20 more interoperable, while the Bitgert USDT/USDC bridge has added more utility to the Bitgert chain.
Bitgert roadmap V2 is also making Bitgert coin very attractive. Bitgert CEX and Bitgert NFT marketplaces are products on the roadmap V2. So Ethereum holders selling their Ethereum investments might make better profits on Bitgert than on the Ethereum project this month.
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