Bitcoin, ether benefit as traders seek safety of largest tokens
CoinDesk·
60-second summary
Bitcoin and ether are currently the only CoinDesk 20 members in positive territory, bucking the trend as altcoins decline in value. This shift is driven by traders seeking the relative safety of the largest tokens, with Bitcoin up 0.6% and ether rising 1.3% in the past 24 hours, as investors prioritize stability in the volatile cryptocurrency market.
The two largest cryptocurrencies are the only CoinDesk 20 members in positive territory as altcoins fall out of favor.