Bitcoin, Ripple, and Ethereum had strong performances this week.Why are cryptocurrency prices rising?
Bitcoin, Ethereum, and Ripple (XRP) recorded strong gains this week despite geopolitical tensions.Bitcoin has rebounded more than 6% from its plunge following the Iranian air strikes and is currently trading around $71,865.This round of gains was due to former President Trump’s public support for cryptocurrency market structural reform legislation and the milestone event of Kraken successfully connecting to the Federal Reserve’s payment system.