Why Bitcoin, Ethereum, and Dogecoin Jumped Today – The Motley Fool

Why Bitcoin, Ethereum, and Dogecoin Jumped Today – The Motley Fool

What happened

Cryptocurrencies are starting off the week (and the month) well — and why wouldn’t they be? According to one well-known source of cryptocurrency, November is #CryptoLiteracyMonth!  

As of 11 a.m., here’s how prices look for several of the biggest names in cryptocurrency:  

  • Bitcoin (CRYPTO:BTC) is up a modest 2.5% over the last 24 hours.
  • Ethereum (CRYPTO:ETH) is up a bit more — 3.5%.
  • And Dogecoin (CRYPTO:DOGE) is powering ahead 5.3%.
Gold Bitcoin symbol on a stock chart

Image source: Getty Images.

So what

Partly, traders’ enthusiasm for cryptocurrencies this morning seem spurred by a surprise announcement from cryptocurrency cash exchange Coinme, declaring November to be Crypto Literacy Month (and attaching a hashtag to the term to boot, in hopes of making it trend).  

As CoinDesk reports today (CoinDesk’s parent company is an investor in Coinme, by the way), all month long, Coinme subsidiary CryptoLiteracy.org will be promoting “basic crypto knowledge … to promote greater consumer education about crypto and bitcoin, the concepts behind them and the ways investors of all types can integrate digital assets into their financial planning,” highlighting and publishing articles on a different facet of the crypto phenomenon each week.