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Why Bitcoin, Ethereum, and Dogecoin Jumped on Monday

TheMotleyFool

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Why Bitcoin, Ethereum, and Dogecoin Jumped on Monday:

The value of cryptocurrencies jumped over the weekend and that momentum continued early in Monday trading. Crypto has been volatile all year, but the trading trends are moving higher as people become more comfortable owning cryptocurrency and the government starts to take it more seriously.

In the last 24 hours, Bitcoin (CRYPTO: BTC) is up 6.1% and is trading right at $66,000 at 1:20 p.m. EST. Ethereum's (CRYPTO: ETH) move is a bit more muted, moving 4.2% higher in the past 24 hours. Dogecoin (CRYPTO: DOGE) is up 4.3% in the last day. Since Saturday morning, each of these cryptocurrencies is up about 10%, showing strong momentum for the asset class overall.

Image source: Getty Images.

Source Fool.com

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