The most popular cryptocurrencies continue to rise in value on Wednesday. According to the StormGain cryptocurrency trading platform, Bitcoin and Litecoin are the growth leaders.
At the same time, the pace of the rise in digital currencies has slowed somewhat after Bitcoin soared above the psychological $11,000 mark a few days ago.
The market continues to be supported by somewhat depressed sentiment in the global financial markets, where the risks of the spread of the coronavirus contribute to the fact that investors are turning their attention to alternative assets. Another factor in the growth of cryptocurrency rates is the weak dollar.
Popular digital currencies may continue to go up shortly, but the rise is unlikely to be very active. Bitcoin has a chance to rise above the $11,000 mark again, Ethereum to grow to $322, Bitcoin Cash to $292, XRP to $0.25, and Litecoin to $58