Tag Archives: rally

Bitcoin (BTC-USD) spiked by more than 10% on Friday, joining cryptocurrencies in a broad relief rally as investors cheered constructive remarks from officials about the industry’s regulation. Battered by developments in China and a volatile environment for risk appetite, digital currencies had a rough September. However, signals this week from U.S. regulators also appear to have given sentiment a boost, sending Bitcoin to its biggest intraday rally since July.  Other cryptocurrencies like… Source link

As cool as videoconferencing hardware can look, it’s often exorbitantly expensive — the $2,000 Series One Desk 27 for Google Meet being a perfect example. Luckily, alongside that expensive Meet machine, Google also announced its “Designed for Google Meet” program and a more affordable first entry, the Rayz Rally Pro. It’s a $200 Nest Mini-like phone speaker that doubles as a microphone for Google Meet calls. The Rayz Rally Pro comes in a gray-tone fabric-covered body that looks… Source link

(Bloomberg) — Alphabet Inc. shares are poised for the longest string of monthly advances in over a decade as advertising revenue surges, driving them to the best returns among the nation’s megacap technology companies. The shares rose 0.4% Monday to $2,891.81, an all-time high, pushing them to a gain of more than 7% in August. It will be the eighth straight monthly advance for the stock, the longest such rally since a 10-month streak in 2009. The gains have left Google shares with a return… Source link

Support.com (SPRT) is continuing to rise after a massive short squeeze rally. Shares of the California technical support company were up more than 50% in the first minutes of trading after gaining more than 180% over the last five sessions. Support.com’s stock had caught the attention of retail traders based on its high short interest. “Shares shorted were climbing earlier in the month, but we have seen short covering recently as the shorts are in the middle of a big squeeze,” said Ihor… Source link

(Bloomberg) — Chinese technology shares climbed on Monday after recording their best weekly advance since January as bargain hunters continued to load up on the beaten-down sector. The Hang Seng Tech Index rallied 1.1%, led by live streaming giant Kuaishou Technology and Alibaba Health Information Technology Ltd. Food delivery company Meituan erased earlier losses and rose 1.5% ahead of its results, which showed second-quarter revenue beating estimates while losses continued. The rally came… Source link

(Bloomberg) — Asian stocks rose early Monday as traders sought to take advantage of last week’s selloff while weighing risks from the delta virus strain and China’s regulatory curbs. The dollar was firm. Shares climbed in Japan, South Korea and Australia. U.S. equity futures edged higher after an advance in the S&P 500 and tech-heavy Nasdaq 100 at the end of last week. Beijing’s clampdown on private industries is set to shadow the market open in China and Hong Kong later. The dollar… Source link

Developers successfully completed a ‘hard fork’ of ethereum on Thursday, essentially changing the underlying code that the cryptocurrency relies on to run. Photo: Jakub Porzycki/NurPhoto via Getty A successful change to the code underlying the world’s second biggest cryptocurrency ethereum (ETH-USD) has helped improve sentiment and drive crypto prices higher. Developers successfully completed a “hard fork” of ethereum on Thursday, essentially changing the underlying code that the… Source link

(Bloomberg) — Bitcoin pulled back to $40,000 after climbing over the weekend to the highest levels since May. The largest cryptocurrency was trading at $40,226 as of 8:28 a.m. in London after falling as much as 4.9% Monday. Other virtual coins including second-ranked Ether also fell. Analysts suggested profit-taking lay behind the declines. This is “just a normal pullback following bullish action,” said Vijay Ayyar, head of Asia Pacific with crypto exchange Luno in Singapore. The declines… Source link

The run-up in bitcoin‘s price witnessed during the final days of July is facing pressure from sellers looking to cash in their profit amid tensions over a proposed U.S. infrastructure bill’s language. The pullback from Saturday’s top of around $42,400 to current prices of around $39,500 is likely associated with uncertainty surrounding the bill, according to Daniel Kim, head of capital markets at Australia-based decentralized lending company Maple Finance. An earlier version of the bill… Source link

(Bloomberg) — Bitcoin surged close to $40,000 as a flurry of short-covering intensified a rally apparently sparked by speculation over Amazon.com Inc.’s involvement in the crypto industry. A job posting from the retail giant seeking an executive to develop the company’s “digital currency and blockchain strategy” stirred questions among analysts over whether the move could eventually lead to Amazon accepting Bitcoin as a method of payment. As the largest digital token gained on the… Source link