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

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

Samsung wants to turn your iPhone into a foldable phone

Image
The South Korean tech giant Samsung is targeting Apple users with a unique update to its Try Galaxy app, enabling iPhone users to simulate the experience of using a Samsung Galaxy Z Fold by placing two iPhones side by side. The feature is available on Android phones too, but Samsung just expanded the Try Galaxy app to work on iPhones. The update comes after Samsung launched its latest foldable phones, the Galaxy Z Flip 5 and Galaxy Z Fold 5, at a high-profile event in Seoul last month. Using the app on your iPhone involves scanning a QR code from Samsung, which is available in the company’s press release. Doing so will allow you to add a shortcut to Samsung’s Try Galaxy app to an iPhone’s home screen. Launching the shortcut pulls up a simulation of Samsung’s One UI Android software. But those who have two iPhones handy can use them together to imitate how the software would look on Samsung’s Galaxy Z Fold. There are a couple of short demos available to try in this mode, such as a
Read more

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