Oversold Bitcoin Bounces Off Bottom
Bitcoin up strong today as buyers look to take advantage of the recent sell off. Bitcoin began selling off hard Wednesday and continued most of Thursday before stablizing some on Friday.
But as Saturday morning rolled in traders appear to believe the selloff was overdone and Bitcoin and Ethereum have roared back. Bitcoin is up $600 for the day to $17,700 (5.3%) with Ethereum up $44 to $544 (7.2%).
Ripple meanwhile has exploded to $0.64 up over 18% today. Ripple had faired much better during the correction and is now up 94% for the week.
Have you all taken advantage of the selloff to add to your positions?
DISCLAIMER: This post is just my opinion, I am not a financial advisor. Do your own due diligence. All investments include risks. Do not invest money you can't afford to lose.
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