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Benzinga
Benzinga
Business
Melanie Schaffer

Are Bitcoin, Ethereum About To Lead The Stock Market Higher?

Bitcoin Ethereum Crypto

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) were trading higher by over 2% and 7%, respectively on Thursday, compared to the S&P 500, which closed down slightly under Wednesday’s closing price. Recently, the cryptocurrency sector has followed the stock market, but on Thursday it appeared Bitcoin and Ethereum could be leading the market higher.

The two apex cryptocurrencies have been trading sideways in a consolidation pattern since June 14 but on fairly high volume, which indicates there is still a fair share of interest in the sector.

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