The cryptocurrency party is on again. After being in a deep correction for a few weeks, Bitcoin, Ethereum, Ripple, and Litecoin have been coming back nicely over the last week, gaining 19.87%, 10.48%, 30.57%, and 53.90% respectively—see table 1.
7-Day Price Change For Major Cryptocurrencies Source: Coinmarketcap.com 2/16/18 at 10:30 a.m. The turnaround in cryptocurrency markets comes as equity markets rebounded from the sell-off early in the month, with NASDAQ gaining close to 5% in the last five days—see table 2. Source: Finance.yahoo.com 2/16/18 at 10.30 a.m. Most notably, the cryptocurrency “technicals” remained strong, with 83 cryptocurrencies advancing and only 17 declining among the top 100 listed currencies—see table 3.
Number of Cryptocurrencies That Advanced/Declined In The Top 100 Ranks Read more from forbes.com…
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