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Bitcoin Revival Has Enthusiasts Leaving Rival Coins In The Dust

  • Divergence analysis suggests the rally has more room to run
  • Ethereum, Ripple, Litecoin struggle to match Bitcoin’s advance
Updated on

Bitcoin put more distance between itself and smaller rivals such as Ethereum and Ripple on Monday by rallying as much as 5.8 percent, building on its biggest weekly gain in months.

The largest digital token pared some of its advance, but was still trading 4.7 percent higher at $7,693 as of 11:13 a.m. in New York, according to composite prices compiled by Bloomberg, poised for the highest close in two months. Bitcoin surged 19 percent last week, the biggest jump since December.