Cryptocurrencies surged on Friday as optimism surrounding Ripple Labs’ plans for using a digital coin spread, lifting peers that have lost more than $600-billion of value since January.
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Cryptocurrencies dropped sharply for the second time in less than 24 hours, sinking toward a nine-month low amid concern that broader adoption of digital assets will take longer than some anticipated.
The market’s biggest digital coins dropped sharply on Wednesday amid a report that Goldman Sachs Group is pulling back on near-term plans to set up a cryptocurrency trading desk.
Bitcoin recovered from the lowest level since June and scores of smaller digital tokens rallied as concern eased that investors are giving up on the virtual alternatives to cash after this year’s collapse in prices.
Bitcoin’s rebound continued on Tuesday as the largest cryptocurrency climbed past the $8 000 level for the first time in two months.
Bitcoin pushed above $7 500 on Monday as the largest cryptocurrency resumed an advance that has carried it to the highest in two months.
Cryptocurrencies extended their rebound on Wednesday as bitcoin traded above $7 500 for the first time in a month, shrugging off security and regulatory concerns that have plagued the digital currency.
Bitcoin is headed for its biggest increase in two weeks on Monday amid a steady drip of news reports suggesting some of the biggest names in investing are starting to embrace digital currencies.
Bitcoin traded above $6 000 on Monday morning after dropping below that level for the first time since February over the weekend, with the digital currency heading for a second straight quarterly decline
Cryptocurrencies dropped after the second South Korean exchange in as many weeks said it was the victim of a theft, renewing concerns about the safety of digital-asset trading venues. Bithumb, ranked by Coinmarketcap