Why Bitcoin, Ethereum, and Dogecoin Surged Today
The price of Bitcoin (CRYPTO: BTC) was going up on Monday, as some big-name investors "bought the dip" over the weekend. As of 4 p.m. ET, Bitcoin was up 6% over the previous 24 hours, according to CoinDesk. And as is often the case, other popular cryptocurrencies like Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) were trading higher as well, up 7% and 8% respectively.
Bitcoin buyers over the weekend included a technology company called MicroStrategy (NASDAQ: MSTR) and even a country: El Salvador. It seems that the market believes plenty of retail investors bought the dip as well, considering shares of cryptocurrency trading platform Coinbase Global (NASDAQ: COIN) also rose 5% today.
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Source Fool.com
