The Crypto Sector Maintained Momentum, Bulls in Charge

The Crypto Sector Maintained Momentum, Bulls in Charge

The Crypto Sector Maintained Momentum, Bulls in Charge

$BTCUSD, $ETHUSD

Thursday, the cryptocurrency sector maintained its Bullish momentum, with most major currencies trading up by more than 3% on the day.

Below is a look at what moved the cryptocurrency market Thursday, as follows;

Goldman Sachs Group, Inc (NYSE:GS) officially announced it’s opening a cryptocurrency trading desk.

Despite enthusiasm for blockchain technology among cryptocurrency investors, a new survey by Gartner revealed very few CIOs in the corporate world are really considering utilizing the technology that underlies many cryptos.

Among those surveyed, just 1% of CIOs said their company had already adopted some form of blockchain technology, 8% said they’re planning on experimenting with blockchain tech in the near future and 77% said they have no interest in blockchain and/or no intention of exploring its use, for now/

Reddit cofounder Alexis Ohanian predicted Ethereum (ETH) prices would hit $15,000 by the end of Y 2018 and Bitcoin prices would reach $20,000 this year.

Ethereum prices rose 12% Thursday after Mr. Ohanian said he is Bullish Ethereum because “people are actually building on it.”

Price Action

Below is how several Top crypto investments fared Thursday.

Prices as of 3:45p EDT and reflect the previous 24 hours.

  • Bitcoin gained 5.7% at 9,654
  • Ethereum gained 12.4% at $761
  • Ripple gained 3.6% 88c
  • Bitcoin Cash gained 2.9% at $1,492

The Crypto Bulls are in charge.

Stay tuned…

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