Bitcoin prices are down 50% since the start of 2018, but Timothy Enneking, the managing director of Crypto Asset Management LP, believes the cryptocurrency bear market is mostly over.
An April 10 CoinDesk.com report says Enneking believes prices dropped because of asset consolidation, regulatory concerns, massive liquidation by Mt. Gox, and startups selling crypto assets to pay salaries.
And while cryptocurrency prices have been falling, savvy investors view this as a perfect buying opportunity before the market rebounds…”
As we reported on April 6, billionaire George Soros and several other well-known institutional leaders recently began to purchase cryptocurrencies as a long-term investment.
Here is a recap of the top cryptocurrency prices at 11:30 a.m. EDT (returns in last 24 hours).
- Bitcoin: $6,931.84, +1.97%
- Ethereum: $421.15, +4.75%
- Ripple: $0.49, +2.02%
- Bitcoin Cash: $655.93, +2.01%
- Litecoin: $115.48, +1.49%
Now that we know all of today’s price movements, here’s what has been moving these cryptocurrencies.