Bitcoin's Bouncing Back -- but Is the Bottom in Sight?
Cryptocurrency investors have had an even tougher time of late than those investing in the stock market. Over the past seven months, Bitcoin (CRYPTO: BTC) has lost more than half of its value. Ether (CRYPTO: ETH) is down an even steeper 60%. As painful as the decline in the stock market has been for many investors, the losses in crypto make the Nasdaq's 24% drop since early November seem tame by comparison.
For much of the past two months, the crypto bear market saw its descent accelerate. But after eight straight weeks of declines, Bitcoin and Ether finally managed to eke out some gains last week to break their losing streak. On Monday, Bitcoin was up nearly 4% as of 2 p.m. ET, while Ether notched a 2% rise.
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Source Fool.com
