Monthly Archives: August 2021

Bitcoin Rallies Past $40,000 Level to Highest Since Mid-May

(Bloomberg) — Bitcoin hit its highest level since mid-May and continues to build momentum. The largest cryptocurrency gained Sunday for an 11th day in the past 12 and traded up to $42,606, its highest since May 18. Market watchers have pointed to $40,000 as an important inflection point. It was up about 0.5% at $41,739 as of 6:13 a.m. New York time on Sunday. “A run like this certainly suggests some flow backing,” said Jonathan Cheesman, head of over-the-counter and institutional sales at… Source link

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Li Auto Inc. July 2021 Delivery Update

BEIJING, China, Aug. 01, 2021 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI), an innovator in China’s new energy vehicle market, today announced that the Company delivered 8,589 Li ONEs in July 2021, crossing the 8,000-vehicle milestone for the first time while hitting a new record. The deliveries were up 11.4% month over month and 251.3% year over year, a remarkable rate of growth. As of July 31, 2021, total deliveries in 2021 reached 38,743, bringing… Source link

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China securities watchdog seeks closer cooperation with U.S.

BEIJING (Reuters) – China’s securities regulator said on Sunday it will seek closer cooperation with its U.S. counterpart and will support overseas listings, after U.S. regulators tightened disclosure for Chinese companies and voiced concern about Beijing’s regulatory actions. The China Securities Regulatory Commission (CSRC) said in a statement that it had taken note of the U.S. Securities and Exchange Commission’s (SEC) new requirements for disclosure regarding Chinese companies’ listings… Source link

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The Crypto Daily – Movers and Shakers – August 1st, 2021

Bitcoin, BTC to USD, fell by 1.79% on Saturday. Partially reversing a 5.43% rally from Friday, Bitcoin ended the day at $41,439.0. A mixed start to the day saw Bitcoin rise to an early morning intraday high $42,398.0 before hitting reverse. Falling well short of the first major resistance level at $43,562, Bitcoin fell to a late afternoon intraday low $41,051.0. While steering clear of the first majors support level at $39,605, Bitcoin fell through the 38.2% FIB of $41,592. Steering clear of… Source link

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