Why Amp's Cryptocurrency Is Soaring Today
After some steep sell-offs, Amp's (CRYPTO: AMP) cryptocurrency is posting gains today. The token's price was up roughly 5.9% over the previous 24-hour period as of 5:15 p.m. ET on Tuesday. Meanwhile, Bitcoin and Ethereum's ether token were down roughly 0.1% and 0.9% across the period, respectively, and the majority of other top-100 crypto tokens were in the red.
The broader cryptocurrency market has faced tough bearish pressures amid mounting macroeconomic risk factors, international tensions, and fresh regulatory concerns. However, investors appear to be buying the dip on a limited selection of tokens following stark pullbacks.
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Source Fool.com
