Here's Why Bitcoin and Ethereum Are Soaring Today
Many cryptocurrencies skyrocketed over the weekend. Industry giant Bitcoin (CRYPTO: BTC) gained 13% from Friday's market close to 9:15 a.m. ET on Monday. Smart contracts veteran Ethereum (CRYPTO: ETH) posted a 15.4% gain over the same period.
The crypto market never sleeps, being open for trading at all hours, every day, but you can double-check the leading coins' moves against their more traditional exchange-traded funds (ETFs). The iShares Bitcoin Trust (NASDAQ: IBIT) topped out at a 10.7% gain on Monday and the iShares Ethereum Trust (CRYPTO: ETHA) stopped at a 7% maximal gain.
They all backed down from these double-digit price increases. As of 11:35 a.m. ET, the leading Bitcoin ETF is up by 6.7% while its Ethereum-based cousin shows a 2.7% weekend return.
Source Fool.com
