Bitcoin and other major cryptocurrencies change hands in the black on Tuesday – prices have added more than 4%.
On the Bitfinex, the leading digital currency bitcoin was priced at $8,522 this morning (4.1% up d-o-d), while Ethereum on this platform added 2% reaching some $538.12.
Ripple soared to $0.68644 on the Poloniex; Litecoin price rose 4.4% to $158.23.
The report made by the financial giant Morgan Stanley was in the spotlight in the market, which is explained by the fact that the company had mentioned "the boom-bust scenario of Nasdaq index near 2000" believing that bitcoin followed a similar route but 15-fold faster.
According to the estimate, Nasdaq capitalization skyrocketed by 278% over 519 days and peaked at 2000. Meanwhile, cryptocurrencies gained 248% just over 35 days hitting the highest level of $19,511 last December. However, bitcoin has lost some 70% since then, though its turnover soared almost by 300%.
This comparison is said to be the most recent attempt to find an explanation for the observed changes of bitcoin prices, especially after it peaked at $20,000 with further 70% collapse just over two months.