EOS and ADA Surge Bitcoin Recovers to $4,050: Factors Behind the Rally

In the last 24 hours, the bitcoin price recovered beyond the $4,000 mark as alternative cryptocurrencies in the likes of Cardano (ADA) and EOS surged by more than 10 percent on the day. Many tokens and crypto assets including Nuls, Wanchain, Ontology, Crypto.com, OmiseGo, and others have increased by 5 to 15 percent against both bitcoin and the U.S. dollar, demonstrating strong momentum. Strong Movement of Alternative Crypto Assets Was Crucial For Bitcoin On Wednesday, a cryptocurrency trader and technical analyst known to the crypto community as “The Crypto Dog” told CCN that despite the unforeseen drop of bitcoin to

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from Altcoin News – CCN https://ift.tt/2HM4IzM