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Tuesday, November 14, 2017

Crypto News: After periodic drops of 20 percent, bitcoin tends to come back even stronger

After periodic drops of 20 percent, bitcoin tends to come back even stronger

Bitcoin cash briefly surged past ether to become the second-largest cryptocurrency

Bitcoin fell about 20 percent over the weekend before recovering much of its losses. The last four times bitcoin has fallen more than 20 percent this year, it has gained an average 28 percent in the two weeks following, according to digital currency trading firm Genesis Global Trading.

Four weeks out, the digital currency has gained an average 61.5 percent, the data showed.

Bitcoin performance in the weeks after a drop of more than 20%


Full story at http://cnb.cx/2AFOalf


Source: CNBC


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