Bitcoin, Ethereum, XRP extend recovery on Thursday
Bitcoin (BTC) is trading above $103,000 at the time of writing on Thursday, as bulls tighten their grip on the broader cryptocurrency market. Altcoins, including Ethereum (ETH) and Ripple (XRP), are also in the green, hovering above $3,500 and $2.50, respectively.
Meanwhile, interest in the cryptocurrency market remains relatively low, especially with institutional investors’ demand for Exchange Traded Funds (ETFs) cooling. Retail demand has also been on the back foot since the October 10 deleveraging event, which saw over $19 billion in crypto assets liquidated in a single day.
However, sentiment is poised to improve after US President Donald Trump signed legislation ending the longest government shutdown in the history of the country….
