Bitcoin, the world's biggest and best-known cryptocurrency, is now up 16.7% from this year's low of $17,592.78 on June 18, when it tumbled on investor worries about growing troubles in the crypto industry and amid a general pull-back from riskier assets.
"Some buyers think now is a good time to get in because Bitcoin got down to a level which shows some near-term attractiveness," Brenner said. He added that Bitcoin and other digital currencies remained extremely volatile. The sell-off in the crypto market has coincided with an equities slide, as U.S. stocks suffered their biggest weekly percentage decline in two years on fears of rising interest rates and the growing likelihood of a recession.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Filmmaker Mark Lee pays homage to late actress Adibah NoorHe has yet to recover from the shock of her sudden passing.
Source: malaysiakini - 🏆 20. / 51 Read more »
Bitcoin drops below $20,000 to lowest since December 2020BITCOIN dropped below $20,000 on Saturday to its lowest level in 18 months, extending its slide as investors pull back from riskier assets amid rising...
Source: theSundaily - 🏆 25. / 51 Read more »
Former top diplomat Parameswaran passes away aged 74JOHOR BARU: Former Malaysian high commissioner to Singapore Datuk N. Parameswaran has passed away, aged 74.
Source: staronline - 🏆 4. / 75 Read more »
Bitcoin drops below US$20k to lowest since December 2020NEW YORK, June 18 ― Bitcoin dropped below US$20,000 (RM88,039) on Saturday to its lowest level in 18 months, extending its slide as investors pull back from riskier assets amid...
Source: malaymail - 🏆 1. / 86 Read more »
Bitcoin drops below US$20,000 to lowest since December 2020NEW YORK, June 18 ― Bitcoin dropped below US$20,000 (RM88,039) on Saturday to its lowest level in 18 months, extending its slide as investors pull back from riskier assets amid...
Source: malaymail - 🏆 1. / 86 Read more »