Why Cryptocurrencies Jumped Again on Friday

Cryptocurrencies had another wild day today, this time climbing mid-single digits to end the week. At 3 p.m. EDT, Bitcoin (CRYPTO: BTC) is up 2.8% over the last 24 hours, Ethereum (CRYPTO: ETH) is up 4%, and Dogecoin (CRYPTO: DOGE) has jumped 5.6%. 

It has been a wild week of trading for cryptocurrencies, and over the last seven days Bitcoin is up 3.4%, Ethereum is up 1.5%, and Dogecoin is actually down 9.8%. Volatility has left investors very near where they were a week ago and very little has fundamentally changed about crypto investments. 

Image source: Getty Images.

Continue reading

Source Fool.com