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Title: What Could Lift Bitcoin, Ripple, Ethereum, And Litecoin Prices Back Towards New Post by: Superpacman on February 17, 2018, 08:39:52 AM 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. Table 1 7-Day Price Change For Major Cryptocurrencies Cryptocurrency %7d Bitcoin 19.87 Ethereum 10.48 Ripple 30.57 Litecoin 53.90 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. Table 2 ETF %5d SPDR S&P 500 3.15 SPDR DJ 3.23 PowerShares QQQ 4.95 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. [Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I don't own any Bitcoin.] Number of Cryptocurrencies That Advanced/Declined In The Top 100 Ranks Cryptocurrencies Advance/Decline Number Advance 83 Decile 17 https://www.forbes.com/sites/panosmourdoukoutas/2018/02/16/what-could-lift-bitcoin-ripple-ethereum-and-litecoin-prices-back-towards-new-highs/#7a2993d76476 |