Bitcoin Bumps Up, but for How Long?
Traditional markets continue to struggle during the coronavirus crisis while cryptocurrencies are seeing an upswing.
The controversial cryptocurrency is winning in the crypto markets this year as developers and investors see its blockchain's technical differences as a good thing.
Crypto prices climbed with traditional market indexes Monday as traders wondered if bitcoin will remain a follower or break out and blaze its own path.
Bitcoin has underperformed its three major fork currencies by as much as triple-digit percentage points so far this year.
The March 12 crash is still fresh in crypto traders’ and fund managers’ minds, leaving some to think no trading decisions are the best decisions for now.
Gold is up Monday and so are most cryptocurrencies, seemingly buoyed by the U.S. Federal Reserve's drastic action to thwart the coronavirus’ effects on markets and the economy.