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Investing.com – Cryptocurrency prices continued to rise on Friday, when investors who seemed to have escaped from US stocks were interested in digital assets by forming a crypto-Christmas rally that equity holders could envy.
rose 7.2% to $ 4.00.00 on the Investing.com Index at 9:29 ET ET (14:29 GMT), pushing its gains over the past seven days to a stellar 23%.
, or Ether, rose 11.4% to $ 114.07, a 34% increase over last Friday and stood at $ 31.49, up 6.1%, while rose 4.0% to $ 0.37142, pocketing a seven-day increase of 25%.
Digital coins have fallen dramatically in the previous weeks, as traders worried about more regulatory control and volatility, but this week seems to have made a strong comeback.
At the time of writing, total market capitalization of coins had risen to $ 133.7 billion, compared to $ 104 billion on Sunday.
No specific driver has been cited as the cause of the recovery, although the speculation that could lead to the approval by the Securities and Exchange Commission of a Bitcoin ETF has remained.
On Thursday we learned that two cryptographic companies – CoinVantage, formerly affiliated with the accounting firm MG Stover, and Picks & Shovels – were joining together to facilitate the encryption of resources for institutional actors.
Even with this week's earnings, cryptocurrencies will remain deep in bear territory for 2018. For example, Bitcoin, the number one digital asset for market capitalization, is down 70% from the closing price. in 2017 of $ 13,800, not to mention the collapse of its all-time high near $ 20,000.
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