Cryptocurrencies are getting some breathing room after the relentless selling seen in the past 10 days. Since reaching new multi-month lows on Tuesday, bitcoin is trading higher by $31 dollars or 16 percent. Namecoin rose by over 5 cents, above 16 percent, from its lows. Peercoin is also trading higher but by only 9 percent.
Peercoin Lags Behind the Bounce
Alternative cryptocurrency Peercoin is lagging behind the general market bounce. While most other major cryptos clocked gains of 16 percent, or in Litecoin’s case 17.6%, PPC/USD is only up by 9 percent. Peercoin is currently quoted at $0.318, 2.7 cents from the $0.291 low.
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