The current sell-off in Bitcoin, Ripple, Litecoin, and other cryptocurrencies may have a long way to go before it’s over. When Bitcoin dropped close to 40% back in the middle of December, Ripple rallied, quadrupling in value in just a few days. The rally quickly spread to Ethereum, Litecoin, NEM, Siacoin and Bytecoin, and other cryptocurrencies. Then, as Ripple and other cryptocurrencies sold off a couple of weeks later, Bitcoin rallied. That’s bullish for stocks, because it confirms that money is staying within this asset class rather than moving back into money market investments.

Source: Forbes February 01, 2018 02:15 UTC