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Page 12 - மராத்தான் காப்புரிமை குழு இன்க் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bitcoin jumps above US$38,000 as Musk adds it to Twitter profile

Speculative frenzy spills into crypto as bitcoin tests highs Olivia Raimonde, Bloomberg News VIDEO SIGN OUT The speculative frenzy that’s gripped a host of left-for-dead retail stocks spilled into the crypto world Friday, with Bitcoin surging as much as 16 per cent. The digital token rallied overnight after Elon Musk tweeted “#bitcoin” to his legions of followers and day traders were restricted from transacting some of their favorite stocks. It had plunged from a record earlier this month as day traders sought fatter returns in stocks like GameStop Corp. that caught the attention of members in Reddit’s WallStreetBets forum.

Bitcoin tumbles back below US$30,000 as record momentum fades

Bitcoin tumbles back below US$30,000 as record momentum fades
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Bitcoin Tumbles Back Below $30,000 as Record Momentum Fades

Bitcoin Bounces Off $30,000 as Record Momentum Fades Bloomberg 1/27/2021 Olivia Raimonde (Bloomberg) Bitcoin briefly dropped below $30,000 for the second time in the past week as the largest cryptocurrency struggles to regain momentum after reaching record highs earlier this month. The digital asset fell as much as 8.7% to $29,241 Wednesday, before bouncing back from the lowest levels of the day to around $30,770. The last time it traded below $30,000 was Jan. 22, two weeks after setting a record high of $41,982. © Bloomberg Bitcoin falls below $30,000 for the second time in one week The token surged 300% in 2020 amid speculation that institutional investors were piling in with interest rates at rock-bottom lows. Companies such as MicroStrategy Inc., Square Inc., and crypto miner Marathon Patent Group Inc. have all added some of their company’s cash reserves into Bitcoin amid the rally. The drop is a reminder that Bitcoin is still prone to wild swi

Bitcoin Bounces Off $30,000 as Record Momentum Fades

Bitcoin Bounces Off $30,000 as Record Momentum Fades Bloomberg 1/27/2021 Olivia Raimonde (Bloomberg) Bitcoin briefly dropped below $30,000 for the second time in the past week as the largest cryptocurrency struggles to regain momentum after reaching record highs earlier this month. The digital asset fell as much as 8.7% to $29,241 Wednesday, before bouncing back from the lowest levels of the day to around $30,770. The last time it traded below $30,000 was Jan. 22, two weeks after setting a record high of $41,982. © Bloomberg Bitcoin falls below $30,000 for the second time in one week The token surged 300% in 2020 amid speculation that institutional investors were piling in with interest rates at rock-bottom lows. Companies such as MicroStrategy Inc., Square Inc., and crypto miner Marathon Patent Group Inc. have all added some of their company’s cash reserves into Bitcoin amid the rally. The drop is a reminder that Bitcoin is still prone to wild swi

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