Cryptos: Bitcoin on track to book 5th win in a row

Bitcoin prices were moving higher on Wednesday afternoon, looking to extend a win streak that has seen the cryptocurrency trade to the $4,000 mark.

In afternoon trade, a single bitcoin, BTCUSD, +0.99% the world’s largest cryptocurrency, was fetching $3,919.70, up 0.9% since Tuesday at 5 p.m. Eastern time. During the four-day rally, bitcoin has gained 10.5%. A gain would mark the digital assets fifth consecutive advance.

Read:Stock-index futures edge lower as investors watch trade talks, await Fed minutes

What are analysts saying

“For those who are in from the bottom it’s great because some of the coins like Litecoin have doubled, but we are still in a strong bear market,” said Mati Greenspan, senior market analyst at eToro.

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