Week in Review: Ethereum Returns from the Abyss

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Cryptocurrencies’ long road to recovery took a positive step this week, as bitcoin’s newfound stability resonated with the broader market. BTC clocked highs north of $7,100 on Wednesday, having recovered roughly $1,200 from its recent low. The leading digital currency has faded somewhat in the latter half of the week but continues to show signs of a bullish breakout, based on the technical charts.

On the adoption front, Yahoo Finance rolled out trading with three cryptocurrencies, giving laypeople easier access to bitcoin, Ethereum and Litecoin. Meanwhile, mobile payment processor Square secured a patent with the U.S. Patent and Trademark Office to develop a new cryptocurrency payment network.

Bitcoin’s $7,000 Test

Bitcoin is on track for a 6% gain this week,


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