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Crypto Markets Rebound

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@cryptictruth
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2 min read

Bitcoin (BTC) has been moving around a bit as it dropped around 8% during the last seven days, but prices started to improve during Friday’s mid-afternoon trading sessions. I think we had some whales trying to shack out retail just like what we saw with stock markets over the same time period.

Bitcoin prices have seen some improvements after the price slid from $57,207 to a low of $50,360 on Thursday, but has broken through $55K

Bitcoin is still up over 16% for the month, 109% during the last three months, and 763% against the USD for the year which beats stocks by a long shot!

As I talked about early this week we have had some bullish news Kentucky governor signs crypto mining tax, clean energy incentives into law and Elon Musk Reveals Tesla Will Increase $1.5 Billion Bitcoin Holdings which have helped stabilize some of the price action.

Ethereum (ETH) is trading for $1,707 and mirroring Bitcoin's pattern almost identically.

Litecoin (LTC) is trading is trading for $183 but seems to be lagging slightly in the recovery compared to Bitcoin and Ethereum.

I'm looking at Litecoin for a possible catch up trade back to $200.

Hive is trading at $0.523 after we saw a major pump which did pullback, but we are holding strong above $0.50.

Overall, I'm happy to see prices recovering. Hive saved me last week when my portfolio went deep red. I have decided to move more assets into Hive/Leo because I see the gains outpacing stock for the next few months.

Posted Using LeoFinance Beta