Market Wrap: Possible Stimulus Tapering, China Continue Fueling Big Bitcoin, Crypto Dump
Ether is providing some with hope as its momentum, in the form of volume, continues to beat bitcoin for the 10th straight day.
Positive news from El Salvador couldn't completely overcome negative news out of China.
Bitcoin busted out a quick 5% gain early Thursday on positive news from that continent before losing some steam.
Analysts see the possibility of further selling pressure despite short-term relief.
The market cap of gold-backed tokens has surged 30-fold since the start of 2020, according to one research firm.
Pessimistic news isn’t stopping the crypto spot markets from looking bullish Wednesday.