Crypto Markets Start The Slow Climb Back From Last Week’s Abyssbr>
Continuing on the comeback trail after the Nov. 15 massacre, the cryptocurrency markets were up in early trading this morning, starting the slow climb back after a billion-dollar wipeout.
Bitcoin sat at the $5,500 level, about where it was yesterday, and showing light trading volume. Similarly, ether was up about one percent, inching back. The rest of the markets bounced up slightly, as investors clearly went bargain hunting.
The big gainer in early trading was Ripple’s XRP, which has been galvanized by recent comments from CEO Brad Garlinghouse, who is calling for a worldwide payments system using XRP. Evidently that cry in the darkness has been heard by some, as XRP is up close to eight percent today.
Stellar is also on the move, gaining more than four percent thanks to its listing on the Bithumb exchange and perceptions that it’s an XRP challenger.