Here's Why Bitcoin Is Making An Incredible Rebound Wednesday, Surging More than 7%

When it comes to predicting the direction of movement for the overall cryptocurrency market, most investors simply take a look at the price action of Bitcoin (CRYPTO: BTC) on a given day. Given that Bitcoin is the world's largest digital asset and accounts for more than 57% of the overall market capitalization of all crypto tokens, that view makes sense. So, when Bitcoin surges 7.7% over the past 24 hours (as of 4:30 p.m. ET), the market is expected to be up by roughly the same amount. As it happens, tha ...