Despite downside risks and this week's volatility -- which saw Bitcoin slide about 31 per cent and jump roughly the same percentage on Wednesday -- crypto bulls are undaunted
Wall Street's main indexes rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims lifted the mood
Investors with low appetite for volatility must avoid it altogether
There were signs that a top was near, from the Coinbase IPO to Elon Musk on Saturday Night Live. But the cryptocurrency has risen from the dead before
Analysts said the upheaval was far from over.
Bitcoin was up 9.5% at $40,265 having nearly slid though $30,000 on Wednesday and been almost at $65,000 just over a month ago
This is the second instance of Mumbai-based WazirX's server crashing this month, and the third since April
Bitcoin, the biggest and most popular cryptocurrency, rose 8.75 per cent to touch $40,000, after plunging 14 per cent on Wednesday to its lowest since late January.
Stock markets struggled for traction on Thursday after a jittery session on Wall Street where cryptocurrencies crashed
Crude prices remained soft after an over 3 per cent crash on Wednesday on worries that surging Covid-19 cases in Asia would dent demand for crude and amid possible US rate hikes
We are bullish on gold and expect gold to test Rs 48,800- Rs 49,400 this week
The two main digital currencies, bitcoin and ether, fell as much as 30 per cent and 45 per cent respectively
Bitcoin is now down more than 50 per cent from its record of almost $65,000 set in April
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US stocks are opening broadly lower, extending a weak streak into a third day.
The sharp declines came after China banned financial and payment institutions from providing cryptocurrency services
The cryptocurrency has tumbled 40 per cent from a record high of $64,895 hit on April 14. It is also heading for its first monthly decline since November 2018.
The yield on 10-year Treasury notes touched a one-week high, driving down shares of Apple Inc, Microsoft Corp and Facebook Inc by about 1 per cent premarket.