Why Cryptocurrencies Are Rocketing Higher Today

Cryptocurrencies and related assets were doing a fine job getting over the hump of Hump Day. As of mid-afternoon Wednesday, many of the leading cryptos were trading higher; some were even up by double-digit percentages -- take a bow, Dogecoin (CRYPTO: DOGE), with your 10%-plus rise.

As for the better-reputed cryptos, Bitcoin (CRYPTO: BTC) was more than 6% higher on the day, while Ethereum (CRYPTO: ETH) enjoyed an 8.5% gain. On the related assets side, Riot Blockchain (NASDAQ: RIOT) and Bit Digital (NASDAQ: BTBT), to name two stocks, were both up by around 13%.

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Source Fool.com