Bitcoin (BTC-USD) and other major cryptocurrencies continue to move higher on Monday, after a strong showing in the second half of last week. Ripple (XRP-USD) in particular has done extremely well over the past week, and recently landed yet another financial institution partner.
Here’s a rundown of today’s cryptocurrency price action, the latest developments that could solve bitcoin’s “scalability” problem, and Ripple’s newest partnership. Here’s a look at the five largest cryptocurrencies by market capitalization and how much each has changed over the past 24 hours and the last week.
Data source: www.investing.com. Prices and daily changes as of Feb.
12, 2018, at 3:00 p.m. EST, and prices are rounded to the nearest cent where appropriate. As you can see, all of the major cryptocurrencies continue to rebound following a dismal start to the year.
Interestingly, there isn’t any major positive news driving prices higher, other than a few bitcoin- and ripple-specific items, which I’ll discuss later. Rather, it seems that the lack of bad news (which seemed to come daily for the first month or so of 2018) has been enough to bring traders back into the cryptocurrency markets. Read more from fool.com…
thumbnail courtesy of fool.com