Ethereum rallies 4% as most cryptocurrencies rebound

2019-02-08 13:59:04 GMT (

Ethereum rallied over 4% on Friday on track for the second profit in a row away from seven-week lows, as prices hold above $100 while most cryptocurrencies rebound. 


At Bitstamp, Ethereum rose $4.26, or 4.1% to $107.45, with an intraday high at $108.20, and a low at $102.38. 


Ethereum inched up 0.1% on Thursday away from seven-week lows at $100. 


Market value of cryptocurrencies rose $2 billion to $114 billion on Friday after hitting $111 billion earlier, the lowest since December 17. 


Ethereum plumbed $100 lows this week as selling pressures mount anew on the market, but with less fervor as prices already wallow in steep bottoms. 


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