ICYMI: Cryptocurrencies popped to the top of recent ranges 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
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 A.M. newspaper reported - citing an un-named "insider" - that Amazon is looking to accept bitcoin payments by year's end.Representation of cryptocurrency Bitcoin is placed on PC motherboard in this illustration taken, June 29, 2021.
"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. "With a record $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% at $38,064, putting it within sight of resistance around June's $41,341.57 peak just a week after it was testing support at $29,500.Reporting by Alun John in Hong Kong and Tom Westbrook in Singapore; Editing by Christopher Cushing and Jacqueline WongSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Price forecast for bitcoin and 2 altcoins, from crypto research headThe head of research at a crypto firm who called bitcoin's surge to $60,000 last year breaks down why it will reach $250,000 by 2025 — and shares 2 altcoins that could go up 20 times
Leer más »
Tokyo’s daily Covid cases hit record high during OlympicsDespite the mounting concern, large crowds were seen at various Games-related sites.
Leer más »
Elliott Wright rebuilds his Marbella restaurant after it was devastated by fireThe Only Way Is Essex's Elliott Wright has rebuilt the restaurant in just 12 weeks after it was targeted by an arsonist
Leer más »
Copper’s run to record highs may not be over yetCopper has had an impressive run so far this year and after a recent pullback from its record highs, tight supplies and rising demand for the industrial...
Leer más »
‘The Take’: Scarlett Johansson Sues Disney, ‘Jungle Cruise’ Hits Theaters, Big Trailers Stir Oscar BuzzHollywood studios could be facing major movie star backlash, if Scarlett Johansson's major lawsuit against Disney sets a new precedent. “This may set off a tidal wave of more lawsuits,” says ByClaytonDavis. | Variety The Take presented by VIZIO
Leer más »
Walmart to Require Masks for Store Workers in High-Risk CountiesWalmart is reinstating a mask mandate for workers in U.S. counties deemed at high risk of Covid-19 transmission, another sign that federal guidelines issued earlier this week have wide business implications.
Leer más »