Bitcoin predictions: Cryptocurrencies have been stabilizing over the past three days – something rather unprecedented. Markets had witnessed Bitcoin’s upside volatility last year but found it equally volatile on the downside; the slump from $19,000 to less than $6,000 in last month alone vindicated the instability for both trends.
In spite of the massive sideways movement, returns from crypto funds topped hedge fund returns last year.
For instance, Pantera Capital, which started its first cryptocurrency fund in 2013, generated returns of 22,000 percent since its inception. Last year, Cryptocurrency fund returns were significantly higher …
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
Source Crypto Currency News http://ift.tt/2BPHe9W