Cryptocurrency prices rallied higher today after multiple analysts issued bullish outlooks.
Bitcoin surged 15.15%, while Ethereum saw a big recovery from yesterday's slump.
Here's everything you need to know about cryptocurrencies today...
Cryptocurrency prices slumped today on news from the European Central Bank and EEA.
Bitcoin and Ethereum both declined, with Ethereum plunging a whopping 14.8%.
Here are the biggest cryptocurrency news stories today...
The rapid rise of a new cryptocurrency called Ethereum has fueled speculation that the incumbent Bitcoin now has a rival with the potential to sweep it aside.
It’s true that the price of Ethereum has soared more than 1,000%. And it’s already been adopted by such giants as Microsoft, IBM, and JPMorgan.
But the idea that the two are rivals is a misconception fanned by the media.
When Bitcoin prices fell sharply last month, I explained why I'm still bullish about this extraordinary new investment vehicle.
Back in December, I noted that Bitcoin prices had recently fallen as low as $455. From there prices rallied quickly and stabilized, finding key support in the $550 range.
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