Cryptocurrencies Slowly Bounce Back – 8 February, 2018

On Luxembourg based company Bitstamp Exchange, bitcoin hit its lowest since November at $5,920, but recovered above $8,000. It had hit a high of $8,150 and was trading at 15 percent higher on the day at $7,922.79 in New York. After falling 70 percent from its peak, bitcoin continued to tumble 40 percent since the beginning of the year, but experts believe the ride isn’t over. As for other cryptocurrencies, Ethereum was up 10.7 percent to $791.33, while Ripple was up nearly 6 percent at 76 U.S. cents.