Bitcoin and Ethereum holders thankful for Thursday’s rebound

Bitcoin and Ethereum were both up close to 4% whilst cryptos were broadly positive on Thursday.

There are no days off for crypto nonetheless there are reasons for Bitcoin and Ethereum holders to be thankful as prices moved back on the front foot on Thursday.

Bitcoin (BTC) climbed 3.7% to trade at US$58,577 whilst Ethereum (ETH) was up close to 4% to US$4,444.

Binance Coin (BNB) was Thursday’s best performer among the big cryptocurrencies, up 8.6% to US$639, whilst Avalanche (AVAX) similarly gained 8.7% to US$129.25.

Alt-coins Cardano (ADA) and Polkadot (DOT) were also moving higher rising 3.9% and 2.7%.

Doggy meme-coins Dogecoin (DOGE) and Shiba Inu were up 2.5% and 2.2% changing hands at US$0.2219 and US$0.00004038 respectively.

BREAD, an obscure token ranked #464 on coinmarketcap.com, was a standout soaring more than 600% after Coinbase acquired the organisation behind the digital asset.

Coinbase is acquiring the crypto wallet firm for an undisclosed amount.  

It comes as NYSE-listed Coinbase is pushing to add diversification to a business that has been tightly tied to the ebb and flow of cryptocurrency volatility.

Coinbase, on Twitter, said the team at BREAD will bring “deep expertise in self-custody for crypto-wallets”, which it expects will allow for a greater number of people to access their crypto wallets safely and securely. 

Notably, most Coinbase users presently hold their crypto assets under the company’s custody rather than their own designated digital wallets.

The price of BREAD rocketed since the deal news.