Uptrend: The many coins of various cryptocurrencies. There is significant appreciation happening in virtual currencies, pushing their value past US$2.3 trillion. ─ Bloomberg
NEW YORK: Animal spirits are alive and well in the cryptocurrency world, with the frenzy sending Dogecoin surging more than 50% again and crashing Robinhood’s trading app.
Other so-called altcoins also took off, with Dash spiking 35% over a 24-hour period through midday in Asia yesterday and Ethereum Classic rising almost 50%. In the world of DeFi, tokens such as Force DAO and Tierion surged more than 1,000% on Tuesday, according to CoinMarketCap.com data. Meanwhile, Robinhood said it resolved earlier issues with crypto trading on its platform.
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