It’s been a strong start to the week in the crypto markets, with the price of Bitcoin again rising above $31,000 after nine weeks of losses. The leading cryptocurrency has rallied more than three per cent at time this morning. Can it sustain the momentum?
Other major cryptocurrencies have performed even better, albeit having experienced more volatility over recent weeks. Cardano has done particularly well, rising 25 per cent over the past 24 hours. The price of Ethereum is currently up three per cent since this time yesterday to just below $2k.
The uptick across the crypto markets comes amid rising optimism in Asian markets, as Coronavirus cases in China fell to less than 100 for the first time since early March. The news has driven news of a wider economic recovery, with markets largely opening higher.
This article was culled from cityam.com
