Why Altcoins Were Soaring on Wednesday
That loud and clear, collective sigh of relief you heard Wednesday was the sound of thousands of cryptocurrency investors, who were happy their assets generally moved in the right direction. Since Monday, the top names in the asset class had been sluggish at best; on Hump Day, many seemed to wake up.More than a few altcoins that day were not only trading higher, but posting double-digit gains. Bitcoin Cash (CRYPTO: BCH) was something of an outlier in a good way, with a more than 23% rise. Utility coins Chainlink (CRYPTO: LINK) and Aptos (CRYPTO: APT) were up a respective 12% and nearly 15%. Lagging behind but still well in positive territory was Cardano (CRYPTO: ADA), with an 4% rise.Much of this had to do with the latest developments in the fast-moving U.S. trade spat with Canada, Mexico, and China.Continue reading
That loud and clear, collective sigh of relief you heard Wednesday was the sound of thousands of cryptocurrency investors, who were happy their assets generally moved in the right direction. Since Monday, the top names in the asset class had been sluggish at best; on Hump Day, many seemed to wake up.
More than a few altcoins that day were not only trading higher, but posting double-digit gains. Bitcoin Cash (CRYPTO: BCH) was something of an outlier in a good way, with a more than 23% rise. Utility coins Chainlink (CRYPTO: LINK) and Aptos (CRYPTO: APT) were up a respective 12% and nearly 15%. Lagging behind but still well in positive territory was Cardano (CRYPTO: ADA), with an 4% rise.
Much of this had to do with the latest developments in the fast-moving U.S. trade spat with Canada, Mexico, and China.
