Bitcoin Rally Sparks Minor Cryptocurrency Market Uptick – But XRP, IOTA Down

Investing, News | August 7, 2018 By:

Bitcoin reversed gears this morning, starting a minor rally from a sub-$7,000 start to rise more than two percent over the last 24 hours.

As of mid-morning, bitcoin sat at $7,100, and a healthy trading volume indicated investor momentum has returned from vacation to jump-start the coin in a positive direction.

The effect was much the same elsewhere in the top ten, as gains of slightly less than two percent dominated, with Bitcoin Cash actually getting over the mark. Outliers included XRP, down close to three percent and continuing to slump, and IOTA, which has taken a major drop of more than nine percent, continuing its see-saw trend (mostly down) of the last month.