Why Altcoins Like Bitcoin Cash Were Surging Today
There is a reason savvy cryptocurrency investors keep a sharp eye on the broader economy: It can directly and profoundly affect their holdings, more so than for many stocks. There are numerous reasons for this, not least that even the most popular coins and tokens are considered very speculative investments.
Happily for those folks, the economic winds blowing on Wednesday seemed to be favorable, and many altcoins rose in price. These included Bitcoin Cash, its cousin Bitcoin SV, and Stacks. In the 24 hours leading up to midafternoon, the trio was up 11%, 8%, and 13%, respectively.
At first glance, the macroeconomic news pushing coins and tokens higher wasn't particularly uplifting.
Source Fool.com
