Overall, the cryptocurrency market his $250 billion as Ethereum, XRP and Dash all picked up steam. Some explanations for the rally include relief that hacking scandals have not disrupted the market and a “squeeze on short positions.” Some, though, suspect the gains can be attributed to FOMO (Fear Of Missing Out) as investors don’t want to miss the boat.
Read the full article from Bloomberg.
BTC Surges Past $8K, Crypto Universe Tops $250B
Bitcoin’s value surged past $8,000, representing its best run since 2013. So reports Bloomberg.