Coinspeaker
Crypto & Stock Prices Jump Following Last Few Days of Weak Market
Crypto and stock prices climbed higher on Thursday, which should be a welcome development for long-suffering investors.
The leading digital currency, Bitcoin (BTC), was trading up at around $17K, while Ether (ETH) was up 1.4% and changing hands at $1,248. Several other altcoins were also trading higher yesterday, with Binance (BNB) adding 1.3% and XRP tacking on 1.6%. Furthermore, Polygon’s native token MATIC grew 1.3%, while Dogecoin (DOGE) gained 0.8%. However, Polkadot’s digital currency DOT was a notable exception, slipping 0.3% amid the otherwise bullish session.
The US Dollar Index also fell Thursday, slipping below 105 in trading, which is unsurprising given the broader crypto development. The trend is unsurprising because BTC traditionally strengthens when the US dollar weakens.
On Thursday, stocks also looked to reverse the previous five days of decline, with the S&P 500 climbing
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