Cryptos: Bitcoin flounders late in session, snaps two-day win streak

The bitcoin recovery extended into Thursday with the world’s largest digital currency moving higher and on track for a third consecutive winning session.

After dipping below $3,500 for the first time in more than a year on Saturday, bitcoin regained $4,000 on Wednesday and extended gains into Thursday. In early trading, a single bitcoin BTCUSD, +0.54% was last trading at $4,356.55, up 2.5% since Wednesday’s level at 5 p.m. Eastern Time on the Kraken exchange.

Read:Bitcoin is on track to do something it hasn’t done in 4 years

What are analysts saying

Mati Greenspan, senior market analyst at eToro said the recent uptick in volatility has reignited the crypto debate of popularity versus adoption.

>>> Original Source <<<