Bitcoin and Ethereum edge up

Bitcoin and Ethereum edge up

On Thursday, prices of Bitcoin and Ethereum leapt, though struggled to make headway amid firm concerns that cryptocurrencies are experiencing a period of correction after recent record jumps.

On the U.S.-based GDAX exchange Bitcoin managed to grow 1.65%, hitting $2,376. The given cryptocurrency has struggled to regain momentum since reaching a high of $3,000 in June.

On Wednesday, experts at Morgan Stanley warned that instead of purchasing Bitcoin, owners would better spend it.

Apparently, Bitcoin owners don’t want to utilize the cryptocurrency considering its current rate of appreciation, as experts stress. They added that Bitcoin acceptance is nearly zero.

At the same time Ethereum soared to $209.3, ascending 2.16% for the day.

The previous week Ethereum faced its third weekly loss in a row. In general, prices have slumped nearly 55% since getting to an all-time peak close to the $400-level in June.

As for other cryptocurrencies, including Ripple and Litecoin, they were mixed.

 

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