Unexpected green candles appear for Bitcoin, Ethereum and most altcoins

Published by
City AM

By Darren Parkin That was unexpected. Following a week of slow downward movement, Bitcoin is pushing from a $23,000 floor early this morning towards $24,000. The leading crypto by market cap is trading for $23,740, up by more than 2% over 24 hours. Ethereum is trading in a similar range at $1,652, also in the green by 1.8%. It’s a divergence from the SP500 and Dow Jones, with both indices marginally down on the day by less than a percentage point. Conversely, stocks on the Hang Seng Index in Hong Kong jumped 4% in the last 24 hours following the release of positive economic indicators. Many sm…

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