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bitcoin: Bitcoin's surge lacks extreme leverage that powered past rallies

Up in five of the last seven sessions, Bitcoin has been steadily climbing higher, breaking above key levels that bulls said precipitate a further rally. That includes Friday, when the coin continued its uptrend, rising as much as 4.9% to $46,679. And its up roughly 50% since hitting a recent low that had taken it below $30,000 at one point this summer.
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RBI tells lenders to re-consider ties with crypto exchanges, traders

Indias central bank is informally urging lenders to cut ties with cryptocurrency exchanges and traders as the highly speculative market booms, despite a Supreme Court ruling that banks can work with the industry, three sources told Reuters The guidance comes as India is crafting a law to ban cryptocurrencies and penalise anyone dealing in them, which would be among the most sweeping crackdowns on the new investing fad in the world. But with the Covid-19 crisis engulfing the country, no one is...
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Bitcoin pares losses after tumbling on Elon Musk's price remarks

Bitcoin pares losses after tumbling on Elon Musk’s price remarks Premium It’s widely believed that volatile weekend swings are driven by individuals trading the cryptocurrency at home. 1 min read . Updated: 22 Feb 2021, 09:49 PM IST Bloomberg The world’s largest cryptocurrency has been on a tear this month, propelled by purchases from Musk’s Tesla Inc. and institutional investors who say Bitcoin is an attractive alternative to gold and the dollar Share Via Read Full Story Elon Musk’...
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