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Ether Rebound Helps to Ease Pain of Cryptocurrency Diehards

From bloombergquint.com

Ether’s free fall has stopped -- at least for a day. The second-biggest cryptocurrency surged as much as 14 percent to $206 as of 10:05 a.m. in New York. Ether had crashed 85 percent this year, raising concerns about its viability after an eye-popping rally took if from less than $10 at the start of 2017 to as high as $1,300 in January, according to CoinMarketCap. Bitcoin, the largest digital token, added 3 percent to $6,497. Regulatory uncertainty, disappointment that mainstream adoption of cryptocurrencies has been slower than some anticipated and concern that institutional investors are getting cold feet, contrary ... (full story)

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  • Category: Fundamental Analysis