Bitcoin surges on fresh Tesla support
Publish date: Mon, 26 Jul 2021, 09:53 PM
LONDON: Bitcoin soared close to US$40,000 on Monday after electric carmaker Tesla expressed fresh support for the world's most popular cryptocurrency.
The unit leapt 15 percent in Asian trade to a one-month high at US$39,681, buoyed also by reports that US retail titan Amazon was mulling the use of crypto technology.
The cryptocurrency later stood at US$38,289 in European deals.
"The bulls are back in town, and this time it seems like they are back with a vengeance," said AvaTrade analyst Naeem Aslam.
"One of the biggest events was (Tesla boss) Elon Musk once again showing support for bitcoin and indicating the fact that Tesla would likely start accepting bitcoin again."
However, the virtual unit still remains far from the record peak near US$65,000 that was forged in April.
- AFP
Discussions
Be the first to like this. Showing 2 of 2 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
.png)
Apps
Top Articles
1
The Alpha Trader
2
Good Articles to Share
'Things will get worse' — PM Starmer says fixing UK problems will take time
3
Good Articles to Share
US Fed mortgage bond holdings play 'central' policy rule, paper says
4
Good Articles to Share
25-year-olds are running Kamala Harris’ social media campaign: Report
5
Good Articles to Share
SpaceX to return Boeing's Starliner astronauts from space next year
6
Good Articles to Share
Telegram chief Pavel Durov to appear in court after French arrest
7
Good Articles to Share
Boeing Embarrassed as ‘Stuck’ Astronauts to Return with SpaceX
8
Good Articles to Share
The U.S. economy is settling into more normal rates of growth: Biden advisor Jared Bernstein
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
trum
the record peak near US$65,000 that was forged in April.
2021-08-08 14:15