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2021-02-24

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Bitcoin Climbs Past $50,000 After Backing From Ark’s Cathie Wood

Bitcoin rallied back above $50,000 on Wednesday, aided by supportive comments from Ark Investment Ma

Bitcoin Climbs Past $50,000 After Backing From Ark’s Cathie Wood

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The rebound follows a tough week for the token, including a drop to $45,000 yesterday that revived doubts about the durability of a breathtaking and volatile fivefold surge over the past year.</p>\n<p>Overall investor sentiment has also been boosted by comments Tuesday from Federal Reserve Chair Jerome Powell, who signaled the central bank is nowhere close to unwinding its easy policy. Cryptocurrencies have been buoyed by a tide of monetary and fiscal stimulus to fight the impact of the pandemic.</p>\n<p>Wood, the superstar head of Ark, said in a Bloomberg interview she’s “very positive on Bitcoin, very happy to see a healthy correction here.”</p>\n<p><img src=\"https://static.tigerbbs.com/9831ae12e1a5dc00f3704a9f30aea5e7\" tg-width=\"930\" tg-height=\"523\"></p>\n<p>Bitcoin remains lower than its recent record of about $58,350, but the pullback so far has been “relatively modest,” Bespoke Investment Group wrote in a&nbsp;blog post.</p>\n<p>The cryptocurrency rally is at the center of one of the hottest debates in financial markets. Believers see an emerging asset class being embraced by long-term investors, not just speculators. Critics fear Bitcoin is in a bubble that will inevitably burst.</p>\n<p>Tesla Inc.&nbsp;Chief Executive Officer Elon Musk in recent tweets said Bitcoin prices “seem high,” having earlier called it a “less dumb” version of cash.Microsoft Corp.&nbsp;co-founder Bill Gates cautioned about how investors can be swept up in manias. Treasury Secretary Janet Yellen said Bitcoin is an “extremely inefficient way of conducting transactions.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Climbs Past $50,000 After Backing From Ark’s Cathie Wood</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Climbs Past $50,000 After Backing From Ark’s Cathie Wood\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 11:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-02-24/bitcoin-climbs-past-50-000-after-backing-from-ark-s-cathie-wood><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin rallied back above $50,000 on Wednesday, aided by supportive comments from Ark Investment Management’s Cathie Wood.\nThe largest cryptocurrency advanced as much as 5.4% to about $50,557 in ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-02-24/bitcoin-climbs-past-50-000-after-backing-from-ark-s-cathie-wood\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust ETF"},"source_url":"https://www.bloomberg.com/news/articles/2021-02-24/bitcoin-climbs-past-50-000-after-backing-from-ark-s-cathie-wood","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188299765","content_text":"Bitcoin rallied back above $50,000 on Wednesday, aided by supportive comments from Ark Investment Management’s Cathie Wood.\nThe largest cryptocurrency advanced as much as 5.4% to about $50,557 in Asian trading. The rebound follows a tough week for the token, including a drop to $45,000 yesterday that revived doubts about the durability of a breathtaking and volatile fivefold surge over the past year.\nOverall investor sentiment has also been boosted by comments Tuesday from Federal Reserve Chair Jerome Powell, who signaled the central bank is nowhere close to unwinding its easy policy. Cryptocurrencies have been buoyed by a tide of monetary and fiscal stimulus to fight the impact of the pandemic.\nWood, the superstar head of Ark, said in a Bloomberg interview she’s “very positive on Bitcoin, very happy to see a healthy correction here.”\n\nBitcoin remains lower than its recent record of about $58,350, but the pullback so far has been “relatively modest,” Bespoke Investment Group wrote in a blog post.\nThe cryptocurrency rally is at the center of one of the hottest debates in financial markets. Believers see an emerging asset class being embraced by long-term investors, not just speculators. Critics fear Bitcoin is in a bubble that will inevitably burst.\nTesla Inc. Chief Executive Officer Elon Musk in recent tweets said Bitcoin prices “seem high,” having earlier called it a “less dumb” version of cash.Microsoft Corp. co-founder Bill Gates cautioned about how investors can be swept up in manias. Treasury Secretary Janet Yellen said Bitcoin is an “extremely inefficient way of conducting transactions.”","news_type":1,"symbols_score_info":{"BTCmain":0.9,"XBTmain":0.9,"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":143,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":20,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}