A big crypto rally leads to profit-taking

by Dan McKeown

Apr 25, 2018

A spike in the cryptocurrency markets over the last couple weeks has run into what appears to be a round of profit-taking over the last day as some investors appear ready to cash out after a run-up that saw Bitcoin go from below $8000 to over $9000 before settling back down around $8750 as of this writing. The Fowl Five Index of cryptocurrencies moved from down below 1000 to up over 1200 before receding to around 1175 right now, its big move helped by the recent surge in price of Bitcoin Cash.