Cryptocurrencies stabilized during Thursday's trading with more U.S. data anticipated that could illustrate the vision for the future interest path.
On the other hand, Mike McGlone, a strategist in Bloomberg Intelligence's commodities division, maintained his optimistic expectations about bitcoin's future performance and the cryptocurrency market as a whole, explaining that the most popular cryptocurrency is likely to outperform gold in the future.
Bitcoin settled at $16,818.25.
Ethereum - the second largest currency in terms of market value - rose slightly 0.11% to $1233.26, and Ripple rose 0.64%, registering 38.51 cents.
