Bitcoin Cash and Ripple are making good ground this morning.
At the time of writing, Bitcoin Cash stands at $833.12 up 6.20%, while Ripple is nudging towards an important key resistance at $0.7000. Ripple is currently testing $0.69 and is up 2.27% on the day.
In a climate where Bitcoin seems to be decreasing and moving below the $8,000-mark, Bitcoin Cash is doing exactly the opposite, moving upwards at a remarkable rate, meaning it could it four-figures sooner than we think.
Bitcoin has recovered from its overnight fall to gain over $200 on the day so far, and return to above $8,000. Ethereum is up to $515.
Europe’s big boys embrace crypto craze
In other news, some of Europe’s biggest venture capital firms are buying into sales of new virtual coins or asking their investors to give them the freedom to do so, in a sign of mainstream investor backing for the booming but controversial crowd-funding tool.