A young woman walks past a Bitcoin symbol in the window of a company that offers blockchain application services.
Sean Gallup | Getty Images News | Getty Images
Bitcoin rose over the weekend as cryptocurrency investors continue to look for a bottom following a rough six months of selling.
The largest cryptocurrency by market cap was higher by 4.6% Monday, according to Coin Metrics. Ether advanced nearly 5%.
Crypto has continued to move in tandem with stocks. All three of the major stock averages were higher on Monday too. Investors have held their breath while watching prices across risk assets move higher, uncertain if the moves are temporary or if a more permanent reversal is finally here.
Some still say it’s too early, however.
“We believe this relief rally is a bull trap, and that bitcoin may have a short-lived gain but is more than likely going to resume the downward trend we’ve seen for the past two months,” said Josh Olszewicz, head of research at Valkyrie Investments. “...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...