RATE Group | Bitcoin, Ethereum and Other Cryptos Post Huge April Gains
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Bitcoin, Ethereum and Other Cryptos Post Huge April Gains

27 Apr Bitcoin, Ethereum and Other Cryptos Post Huge April Gains

Posted at 15:46h in Ethereum News by

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If you’ve stopped paying attention to the day-to-day changes, cyrptocurrencies are soaring once again.

Prices for the major coins have shown substantial gains month-to-date in April as investors regain confidence in digital currencies like Bitcoin, Ethereum, and Ripple after big drops during the first quarter.

Bitcoin, the most expensive of the cryptocurrencies, has seen its value rise 32% so far this month, climbing from $6,978.63 to over $9,246 in mid-morning trading Friday, according to CoinMarketCap.

Ethereum, meanwhile is up 69% in April and Ripple is showing a 66% increase.

Meanwhile, the MVIS CryptoCompare Digital Assets 10 Index, a crypto market cap that tracks the performance of the 10-largest digital assets, shows a 68% overall increase in April.

What’s behind the jump? That’s less clear, as it often is with crypto fluctuations. Some analysts say now that the…

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