Published on 25 Mar 2024 on Benzinga
Bitcoin Cash BCH/USD, Ethereum Classic ETC/USD and Litecoin LTC/USD are all trading higher Monday afternoon. Shares of several altcoins are rising amid strength in Bitcoin.
Bitcoin has in large part rallied in recent weeks due to rising demand after spot bitcoin ETFs were approved in January. However, these ETFs saw significant outflows last week, leading to a sell-off in crypto-related stocks. The market then rebounded after the Federal Reserve made dovish remarks.