Sign up USA
Proactive Investors - Run By Investors For Investors

Bitcoin and cryptocurrency prices start the week with a rally

Bitcoin speculators are claiming that the cryptocurrencies are now in recovery mode
bitcoin and cryptocurrency
The price of Bitcoin is up 8%

Cryptocurrency traders were probably feeling hopeful on Monday as the price of Bitcoin rallied.

Bitcoin gained US$680 per coin, up 8.43%, changing hands at US$8,750 which gives the entire circulation a market value of US$148bn.

At the same time, the Ethereum price gained US$49 or 6% to trade at US$865 which meant its market cap was US$84.4bn. The Ripple XRP token, meanwhile, was up 3.7% changing hands at US$1.09.

Amid the apparent rally, speculators are claiming that the cryptocurrencies are now in recovery mode following a New Year trading period that saw the value of Bitcoin fall around 60% to the earlier mid-December highs.

View full BLOCK profile View Profile

Cryptocurrency and Blockchain Timeline

Related Articles

UUV-Aquabotix_Hybrid-and-Endura-pic-757.jpg
June 18 2017
Brendan Martin talked underwater drone technology and commercialisation.
picture of trading screens
November 30 2017
Tavistock’s optimism is based on the surge of money into its seven discretionary funds that trade under the Acumen brand.
Digital marketing
September 11 2017
Lots of marketing groups have pursued a 'buy and build' strategy and have become cumbersome as a result; Be Heard puts the emphasis on maintaining agility
Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use