Bitcoin bounces above $20,000 for first time in about a week

bitcoin cryptocurrencies

Bitcoin broke above $20,000 on Tuesday for the first time in about a week, as cryptocurrencies bounced, along with other risk-sensitive assets, in Asian trade.

The biggest cryptocurrency by market value, bitcoin, was up more than 5% at $20,286. The second-biggest, ether, rose 4% to a one-week high of $1,389.

In the broader market, the dollar eased slightly after soaring to fresh heights on Monday.

A week earlier, cryptocurrencies fell to fresh lows on regulatory concerns and as investors globally turned shy on risky assets with interest rate rises looming around the world.

Bitcoin, the biggest cryptocurrency by market value, fell about 5% to a three-month low of $18,387.

Also Read: Bitcoin falls below $19,000

Ether, the second largest cryptocurrency, dropped 3% to a two-month low of $1,285 and is down more than 10% in the last 24 hours. Most other smaller tokens were deeper in the red.



from Science and Technology News - Latest science and technology news https://ift.tt/KBMsnlg

Comments

Post a Comment

Popular posts from this blog

Samsung trolls Apple for ‘Crush!’ in Galaxy Tab S9 Ad

Image
After Apple received flak for the new iPad Pro 2024 commercial, Samsung mocked the technology giant in an Ad for its Galaxy Tab S9. The Ad, shared by Samsung Mobile USA on its Instagram page, shows a woman walking over debris and paint reminiscent of Apple’s “Crush” Ad that saw an industrial press crushing things including books, musical items and paint. The woman is then seen picking up a damaged guitar and begins playing tunes assisted by notes displayed on her Galaxy Tab S9. The Ad ends with, ” Creativity cannot be crushed,” as Galaxy Tab S9 Series with Galaxy AI is mentioned on the screen.   View this post on Instagram   A post shared by Samsung Mobile USA (@samsungmobileusa) It is pertinent to mention that Apple’s Ad, titled “Crush!” for iPad Pro 2024 angered many including Hollywood stars who said that the tech company conveyed a wrong message by crushing a record player, a piano, a guitar, an old TV set, cameras, a typewriter, books
Read more

South Korea, Britain host AI summit with safety top of agenda

Image
SEOUL: South Korea and Britain kick off a major international summit on artificial intelligence in Seoul this week, where governments plan to press tech firms on AI safety. The meeting is a follow-up to the inaugural global AI safety summit at Bletchley Park in Britain last year, where dozens of countries voiced their fears to leading AI firms about the risks posed by their tech. Safety is again on the agenda at the AI Seoul Summit starting Tuesday and representatives are expected from leading AI firms, including ChatGPT maker OpenAI, Google DeepMind, French AI firm Mistral, Microsoft and Anthropic. “As with any new technology, AI brings new risks, including deliberate misuse from those who mean to do us harm,” South Korean President Yoon Suk Yeol and UK Prime Minister Rishi Sunak said Monday in a joint article. “However, with new models being released almost every week, we are still learning where these risks may emerge,” they said in the piece, published by the South Korean dail
Read more

Google News down for millions of users globally

Image
Google News stopped functioning on Friday preventing millions of its users globally from searching latest updates and queries. While Google Search engine continues to operate normally, the “News” tab is not showing results. The ‘News’ tab is experiencing an outage on its desktop page, iOS and Android apps while some complained that Google Search is also affected. Users began complaining about the issue earlier today which has now affected users globally. In the news dedicated section, users are not able to see the results of their search while the “filter” option has also stopped functioning around the world. Read more: Google to invest $2 bn in Malaysia: government Meanwhile, the company has not issued any statement regarding the issue and its cause or provide an estimated time for a fix. Users in United States, United Kingdom, India, Canada and European countries also reported facing issues in searching news. Along with Google News, Google Discover has also been affected by
Read more