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Inner Mongolia is famous for cheap electricity by virtue of its large coal mines. The region has investment from several power intensive sectors
(Bloomberg) -- Bitcoin rallied after a volatile weekend session, riding a broad resurgence in risk assets and a bullish report from Citigroup Inc. The world’s largest cryptocurrency jumped as much as 7.2% to trade around $48,500 in early U.S. trading on Monday.
Bitcoin touched the $50,000 level in Asia trading, riding a broad resurgence in risk assets, with Citigroup Inc. and Goldman Sachs Group Inc. warming up to the largest cryptocurrency.
The world’s top cryptocurrency, bitcoin, continued to rally on Tuesday, pushing above $49,000 during early trading. The rally comes as the Chinese government plans to ban crypto mining in the country.
Spread the love ASIA: China’s manufacturing sector grew at a markedly slower pace in February than the month before, surveys released over the weekend suggested, even as similar indicators in the US are signaling rapid growth. Chinese purchasing managers indexes have been trending lower since December when officials mandated new lockdowns in some northern cities to contain a rash of coronavirus outbreaks there. February’s service sector PMI was expected to be weak because officials have been exhorting citizens to stay at home. The survey conducted suggests that if China’s export orders ...