Cryptocurrency Prices Is Up
Cryptocurrency prices rose on Friday morning in Asia. Reports that the defunct cryptocurrency exchange Mt Gox sparked concerns of an imminent price crash gathered some attention. Meanwhile, a hedge fund CEO voiced his optimism for the digital tokens.
Bitcoin was trading at $9,178.9 by 12:30AM ET (04:30GMT) on the Bitfinex exchange, up 3.49% over the previous 24 hours.
Ethereum, the world’s second largest cryptocurrency by market cap, gained 4.8% at $653.28 on the Bitfinex exchange.
XRP/USD token added 4.49% to $0.83110 on the Poloniex exchange.
Meanwhile, Litecoin was up 3.55% to $150.7.
The defunct cryptocurrency exchange Mt Gox reportedly moving 16,000 bitcoins from its vaults to an unknown address gathered attention of investors who were worried about an imminent price crash.
The Tokyo-based exchange went out of business in 2014 after losing around 1 million of its customers bitcoins.
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