Why Bitcoin, Ethereum, and Dogecoin Rallied on Friday
Are we finally reaching a point of stability in the market after an insanely volatile 10-day stretch? The crypto market seems to think so, with Bitcoin (CRYPTO: BTC) up 5.2% over the past 24 hours as of 1 p.m. ET, Ethereum (CRYPTO: ETH) up 4.6%, and Dogecoin (CRYPTO: DOGE) rising 5.3%.The stock market has gained as well on what seems to be hope that rising bond yields and a falling dollar will lead to the Trump administration finding a path away from the trade war that's currently unfolding.Investors are taking a "risk on" mentality going into the weekend, which often happens when news of trade talks or deals takes place while the market is closed.Continue reading
Are we finally reaching a point of stability in the market after an insanely volatile 10-day stretch? The crypto market seems to think so, with Bitcoin (CRYPTO: BTC) up 5.2% over the past 24 hours as of 1 p.m. ET, Ethereum (CRYPTO: ETH) up 4.6%, and Dogecoin (CRYPTO: DOGE) rising 5.3%.
The stock market has gained as well on what seems to be hope that rising bond yields and a falling dollar will lead to the Trump administration finding a path away from the trade war that's currently unfolding.
Investors are taking a "risk on" mentality going into the weekend, which often happens when news of trade talks or deals takes place while the market is closed.
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