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Cryptocurrencies 16.10.2017

Cryptocurrencies

Prices of cryptocurrencies were in a mixed mode overnight during the Asian trading session on Monday, with bitcoin and litecoin seeing slight losses and ethereum gaining.
At midday in Asia, the price of bitcoin was down 1.47 percent to $5,596. Bitcoin has remained steady above the $5,000 level after surging past that level on Thursday. On Sunday, the virtual currency lost more than $400 after falling from about $5,820 to just north of $5,400.
Ethereum surged 4.4 percent to about $350 around midday in Asia. The virtual currency’s price has showed strong momentum since Friday, when it surged from below $300 to about $345. A slight correction was seen on Sunday, but the price has now more than made up for the losses yesterday.
Litecoin lost about 2.12 percent to $64 at midday. Litecoin has been trading relatively stable around the $60 level.

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