Why Bitcoin, Ethereum, and Dogecoin Were Up Today
The crypto industry is once again moving higher, and three of the biggest cryptocurrencies are leading the way. As of 2 p.m. ET Friday, Bitcoin (CRYPTO: BTC) was up by 3% from where it traded when the stock market closed Thursday, Ethereum (CRYPTO: ETH) was up 4%, and Dogecoin (CRYPTO: DOGE) was up 5.3%.
Cryptocurrencies have been volatile over the past year, but have been charging higher since mid-October.
The biggest news out relating to crypto Friday is that (NYSE: BLK) is pursuing an Ethereum exchange-traded fund (ETF), just as it has been trying to get permission to launch a Bitcoin ETF. There are already ways for investors to buy crypto on traditional exchanges, but they're not as efficient as ETFs, which is why BlackRock and others are trying to get ETFs approved.
Source Fool.com
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