After several weeks of "Downplay," several of the world's largest digital currencies have moved forward to experience some steady price boosts.
The currency has experienced a $100 price jump every day since, and the $7,000-mark Bitcoin struck over the weekend may again be drawing near.
In recent weeks, the currency has struggled to garner support in traditional financial systems - several banks in Canada and the Reserve Bank of India have announced they will not support Bitcoin and cryptocurrency ventures).
Cryptocurrencies are experiencing newfound respect amongst Wall Street moguls like George Soros, who despite consistently calling Bitcoin a "Bubble," announced that his company Soros Fund Management would be trading digital currencies in the coming months.
As we clear the path for the second quarter of 2018, analysts note that this point in time has typically been friendlier to Bitcoin than first quarters, which consistently bring massive drops to the currency's price.
The currency could experience similar patterns now that the first quarter of 2018 is over.
Ethereum's price change could have been affected positively by Gemini's recent decision to enforce block trading for the currency, which launches tomorrow on April 12.
The move is designed to halt massive price changes that stem from both large purchases and sales of the currency.
Ripple is trading at slightly over $0.50, while Bitcoin Cash sits at $680 and Litecoin at $117. Bitcoin Cash and Litecoin Join the Party.
In the meantime, Bitcoin Cash continues to show positive behavior and has garnered praise in recent days from proponents like Roger Ver, who claims to be "Extremely bullish" about the asset.
Crypto Price Watch: Bitcoin, Ethereum, Bitcoin Cash and Ripple Experience Noticeable Jumps
Published on Apr 12, 2018
by Cryptoslate | Published on Coinage
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