Bitcoin

Bitcoin

Bitcoin leaps 12% to test recent peaks

Bitcoin leaps 12% to test recent peaks

26/7/2021 6:57:00 AM

Bitcoin leaps 12% to test recent peaks

SINGAPORE: Cryptocurrencies popped to the top of recent ranges on Monday (Jul 26) as short sellers bailed out in the wake of a strong week and ...

SingaporeFILE PHOTO: Representation of cryptocurrency Bitcoin is placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration26 Jul 2021 11:47AMShare this contentBookmarkSINGAPORE: Cryptocurrencies popped to the top of recent ranges on Monday (Jul 26) as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive comments from influential investors might signal a turnaround in fragile sentiment.

1,178 new COVID cases, 3 more deaths reported in Singapore 62-year-old woman among three COVID-19 deaths; 1,173 new local cases reported in Singapore 1,173 new locally transmitted Covid-19 cases in S’pore, including a record 1,038 in the community; cluster found at tuition centre

Bitcoin rose as far as 12.5 per cent to hit US$39,850, its highest since mid-June during the Asia session, while ether hit a three-week peak of US$2,344. On the heels of bitcoin's best week in almost three months, the move put the squeeze on short sellers.

AdvertisementAdvertisementLast week, cryptocurrency enthusiast and Tesla boss Elon Musk said the carmarker would likely resume accepting bitcoin once it conducts due diligence on its energy use. It had suspended such payments in May, contributing to a sharp crypto selloff. headtopics.com

Twitter boss Jack Dorsey also said last week that the digital currency is a"big part" of the social media firm's future and, on Sunday, London's City AM newspaper reported - citing an unnamed"insider" - that Amazon is looking to accept bitcoin payments by year's end.

Brokers said that taken together the remarks were enough to finally lift the market from the floor of support where it has held steady since a May plunge, while data also pointed to heavy short-seller liquidations - suggesting many might have given up.

"Over the last five trading sessions we've seen general near-term bullishness in the market, driven by key technicals, as well as recent positive comments," said Ryan Rabaglia, global head of trading at digital asset platform OSL.Advertisement

Advertisement"With a record US$1.2 billion in shorts liquidated over the past 24 hours, the outlook and momentum for the week ahead is positive," he said.Bitcoin was last up 8 per cent at US$38,064, putting it within sight of resistance around June's US$41,341.57 peak just a week after it was testing support at US$29,500. headtopics.com

Jay Chou Living It Up In Paris, Gets VIP Treatment At PSG Match ‘I was burning’: Worker who survived deadly Tuas blast recalls explosion that burnt 58% of his body’s surface area COVID-19: Home recovery patients 'anxious' without clear instructions, set up Telegram group for support

Ether was last up 5 per cent at US$2,304. Read more: CNA »

UK woman installs locks on fridge and cupboards to prevent 10kg pet cat from stealing food

UNITED KINGDOM ― Pet owner Sara Matthews, 47, has resorted to extreme measures to help her obese cat Keith lose weight.

1/2_With Singapore having one of the most welcoming frameworks for crypto in SEA and arguably the world, it would do CNA well to have specialist reporters in crypto. Instead of relying on Reuters for a shallow understanding of Bitcoin of example, a specialist report would.... bitcoin A few hours ago I thought 42k was possible, but seeing the price tanking to 39k area, now I think 45k is a more likely target. Ckcrpyt is a super underrated bitcoiner I’ve been following her tweets and tips seriously & I’ve been doing really great Follow her $BTC

Ultimately, the $BTC bulls will regain control in the short-term upon Weekly Close above the $38K area I’ve been following btcadd tweets and predictions seriously and I’ve been holding firmly she’s an underrated specialist in crypto Follow her

Olympics: Syrian 12-year-old, Tokyo Games' youngest competitor, exits in opening round of table tennis tournamentSyria's Hend Zaza, who at 12 years old is the youngest athlete competing at the Tokyo Olympics, exited the table tennis tournament in the opening ... She can still be in Brisbane 2032... All the adult Syrians are at war we wish u to gold

Jobseekers’ Diaries: Covid-19 upended my 12-year career in surveying. My passion for healthcare helped me to get a fresh start

South Africa lifts some COVID-19 restrictions as third wave peak passesSouth Africa on Sunday lifted restrictions on the sale of alcohol on weekdays, movement of people between provinces and relaxed time of a night ...

Spike in demand for BTO flats in recent years, especially in mature estatesSINGAPORE: Over the last four years, demand for new Housing and Development Board (HDB) flats has risen – particularly for those in mature ... How about failure to anticipate?

Olympics-Gymnastics-Dalaloyan reaches all-around final despite recent Achilles injuryRussian gymnast Artur Dalaloyan prevailed over a recent Achilles injury to clinch an unlikely spot in the all-around final at the Tokyo Olympics ...