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Bitcoin eyes longest winning streak in 2021
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Futures Slide As Asian Stocks Plunge To 2021 Lows
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Why Crypto Stocks Plunged Today | The Motley Fool
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Why Crypto Stocks Plunged Today | The Motley Fool
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The largest crypto rose as much as 15% to $39,681 before paring some of the climb to trade at about $38,100 as of 10:58 a.m. in Hong Kong. Other virtual coins also rallied, including second-ranked Ether.“The extent of the jump was probably driven by over-leveraged shorts,” said Vijay Ayyar, head of Asia Pacific at crypto exchange Luno in Singapore, while adding the rumors over Amazon likely had a role to play too.
Amazon last week advertised a job vacancy for a digital currency product lead, stirring speculation it might accept digital coins for transactions. That builds on other recent supports for Bitcoin, including positive comments from Elon Musk and Ark Investment Management LLC’s Cathie Wood. Over the weekend, the coin’s price topped its 50-day moving average, a trend some view as positive.