Published: Mar 28, 2018 4:58 p.m. ET Bitcoin the lone winner Wednesday Bitcoin was the lone winner Wednesday, ending its recent skid. The No.
1 digital currency bitcoin
spent the last 24 hours trading on either side of $8,000 and last traded at $7,917.73, up 1.6% on the day. Despite coming off a string of losing days, the overall decrease in price volatility is a good sign for digital currency advocates, says one analyst.
“At this stage price doesn’t really matter. The more sideways movement will increase the likelihood of adoption,” said Mati Greenspan, senior market analyst at eToro.
“We are seeing a pickup in day traders, more people playing the range, which helps the adoption of cryptocurrencies,” Greenspan said of the increasing interest despite the overall market downtrend. Read: This 11-year-old knows way more about cryptocurrency than you Bitcoin couldn’t drag other major currencies out of the red.
Ether, which shed more than 7% Tuesday, continued to fall, trading at $449.62, down 1.7%. Bitcoin cash fell 3.3%, trading at $861.18, Litecoin last traded at $133.04, down 4.4% and Ripple is down 1.1% at 58 cents. Read more from marketwatch.com…
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