Why Bitcoin, Ethereum, and Dogecoin Are Gaining Today
Following a day of sell-offs on Friday, the cryptocurrency market is posting some recovery momentum on Saturday. As of 10 a.m. ET, Bitcoin (CRYPTO: BTC) was up roughly 3.3% from the stock market's closing bell on Friday. Meanwhile, Ethereum (CRYPTO: ETH) and Dogecoin's (CRYPTO: DOGE) tokens were up roughly 6.4% and 6%, respectively, over the same period.
Crypto prices began soaring in October and continued to gain ground until momentum started reversing in mid-November. The overall cryptocurrency market has continued to move lower in December as investors have weighed regulatory risk factors and the possibility that valuations for digital tokens may be trending toward a more prolonged bearish cycle. That being said, the cryptocurrency market actually looks relatively calm at the moment.
Image source: Getty Images.
Source Fool.com
