RATE Group | Bitcoin rallies 10%, extending this week’s gains after months of crypto carnage
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Bitcoin rallies 10%, extending this week’s gains after months of crypto carnage

19 Dec Bitcoin rallies 10%, extending this week’s gains after months of crypto carnage

Posted at 17:40h in Cryptocurrency News by

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Bitcoin is finally rallying again.

After weeks of pain for the world’s largest cryptocurrency, bitcoin surged 10 percent to a high of $3,929.10 on Wednesday morning, according to data from CoinDesk. The performance brought bitcoin’s three-day gains to more than 22 percent.

Other top cryptocurrencies followed suit. XRP, the world’s second largest digital currency, jumped 16 percent while ether rallied 13 percent, according to CoinDesk.

Still, 2018 has been a horrible year for most cryptocurrency investors. Bitcoin is down more than 80 percent from its all-time high hit almost exactly one year ago. This year alone, it’s down 72 percent and has struggled to attract new buyers.

Finding fresh buyers was hardly a problem…

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