Cryptocurrencies
Crypto Fans Bask in ‘Light of the Bull Mood’ as Bitcoin Bounces
- Largest cryptocurrency rose 10% in a matter of minutes
- Crypto enthusiasts cheer ‘Uptober’ spike on social media
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Crypto fans often start their day on social media by greeting fellow enthusiasts with a “gm” -- short for good morning. Friday was an especially good morning.
Bitcoin notched its largest daily increase since July in just a matter of minutes. The world’s biggest cryptocurrency gained as much as 10% to $47,884 in New York and mostly held its gains, with analysts and investors grasping for reasons for the positive move, especially in light of China’s recent ban on all crypto transactions and mining.