Why Bitcoin, Ethereum, Dogecoin, and Crypto.com Coin All Jumped Today
Cryptocurrencies were experiencing a nice rebound on Thursday after feeling pressure earlier in the week. The broader stock market is up, and tech stocks, in particular, are moving higher, which generally helps cryptocurrencies. But the bigger news was about a new venture capital fund being raised by Andreesen Horowitz.
Bitcoin (CRYPTO: BTC) was the biggest cryptocurrency to make a significant gain Thursday: It was up by 4.1% at one point in the last 24 hours and at the time of this writing is trading 3.4% higher. Ethereum (CRYPTO: ETH) rose by as much as 4.8% and is now up 3.9%, while Dogecoin (CRYPTO: DOGE) was up by as much as 4.7% and is currently 2.6% higher. Crypto.com Coin (CRYPTO: CRO) was up by as much as 9% and is currently 8.4% higher for the day.
Image source: Getty Images.
Source Fool.com
