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2021-08-23

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Crypto stocks surged in premarket trading

Crypto stocks surged in premarket trading after bitcoin topping $50,000 and hitting a more than 3-mo

Crypto stocks surged in premarket trading

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Others see the volatile asset carving out a wider trading range for now.\n“We’re seeing some very bullish signs here,” said Vijay Ayyar, head of Asia-Pacific with crypto exchange Luno in Singapore. Bitcoin could “test all-time highs again” after pushing past levels that some had seen as major challenges.\n<img src=\"https://static.tigerbbs.com/9b64c808e1f6607915dc172a942e1008\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\">\nMarket sentiment also benefited from PayPal Inc.’s&nbsp;announcement&nbsp;that it will allow U.K. customers to make crypto transactions. It’s the first international expansion of PayPal’s crypto service beyond the U.S., and another hint at wider adoption of the industry.\nIn April, Bitcoin hit a record of almost $65,000, driven by a tide of liquidity, fast-money bets and optimism about growing demand from institutional investors. Supportive views from billionaire Elon Musk and the direct listing of digital-currency platform&nbsp;Coinbase Global Inc.&nbsp;also fueled optimism.\nBut more critical opinions later emerged, including an about-face from Musk, focused in part on the environmental cost of the energy consumed by the computers that underpin Bitcoin. A cryptocurrency crackdown in China also soured the mood. Bitcoin tumbled below $30,000 after a crypto rout in May.\n$2.2 Trillion\nThe recovery since then has seen the value of the crypto universe tracked by CoinGecko reach about $2.2 trillion from $1.2 trillion a month ago.\nBulls haven taken heart from more recent comments from Musk and&nbsp;Ark Investment Management LLC’s Cathie Wood, as well as speculation over&nbsp;Amazon.com Inc.’s possible involvement in the cryptocurrency sector.\nMusk last month said he’d like to see the token succeed and that he personally has bought Bitcoin, Ethereum and Dogecoin. Ark’s Wood said corporations should consider adding Bitcoin to their balance sheets.\nThe hash rate -- a measure of the computational power being put toward the Bitcoin network -- has also rebounded from early-July lows, in a sign that the sector is adjusting after disruptions caused by China’s clampdown.\n<img src=\"https://static.tigerbbs.com/18e6266bdc63062ae70d96bf961af4ef\" tg-width=\"725\" tg-height=\"642\" referrerpolicy=\"no-referrer\">\nBitcoin is “getting nearer the higher end of what I expect as a new trading range in the low-$40,000s to low-$50,000s,” Rick Bensignor, chief executive officer at Bensignor Investment Strategies, wrote in a note Monday.\nEther has also been climbing, boosted by an upgrade to its underlyingnetworkthat signals a more constrained supply of the token. The&nbsp;ADA&nbsp;coin linked to the Cardano blockchain has surged of late into third spot on technological enhancements that may make the network more useful.","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>Crypto stocks surged in premarket trading</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\">\nCrypto stocks surged in premarket trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTiger Newspress \n2021-08-23 16:01\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\nCrypto stocks surged in premarket trading&nbsp;after&nbsp;bitcoin topping $50,000&nbsp;and&nbsp;hitting a more than 3-month high.\n<img src=\"https://static.tigerbbs.com/38f213c02dd7bee705c3d9ff9e8e5884\" tg-width=\"368\" tg-height=\"426\" width=\"100%\" height=\"auto\">\nBitcoin topped $50,000 for the first time since May as crypto prices continued an ongoing recovery from a disorderly rout just three months ago.\nThe largest virtual coin advanced 3.5% to $50,122 in early London trading on Monday, with other tokens including Ether and Cardano’s ADA also rising.\nThe revival in virtual currencies has excited the animal spirits of the crypto faithful, putting&nbsp;predictions&nbsp;of $100,000 or more for Bitcoin back in vogue. Others see the volatile asset carving out a wider trading range for now.\n“We’re seeing some very bullish signs here,” said Vijay Ayyar, head of Asia-Pacific with crypto exchange Luno in Singapore. Bitcoin could “test all-time highs again” after pushing past levels that some had seen as major challenges.\n<img src=\"https://static.tigerbbs.com/9b64c808e1f6607915dc172a942e1008\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\">\nMarket sentiment also benefited from PayPal Inc.’s&nbsp;announcement&nbsp;that it will allow U.K. customers to make crypto transactions. It’s the first international expansion of PayPal’s crypto service beyond the U.S., and another hint at wider adoption of the industry.\nIn April, Bitcoin hit a record of almost $65,000, driven by a tide of liquidity, fast-money bets and optimism about growing demand from institutional investors. Supportive views from billionaire Elon Musk and the direct listing of digital-currency platform&nbsp;Coinbase Global Inc.&nbsp;also fueled optimism.\nBut more critical opinions later emerged, including an about-face from Musk, focused in part on the environmental cost of the energy consumed by the computers that underpin Bitcoin. A cryptocurrency crackdown in China also soured the mood. Bitcoin tumbled below $30,000 after a crypto rout in May.\n$2.2 Trillion\nThe recovery since then has seen the value of the crypto universe tracked by CoinGecko reach about $2.2 trillion from $1.2 trillion a month ago.\nBulls haven taken heart from more recent comments from Musk and&nbsp;Ark Investment Management LLC’s Cathie Wood, as well as speculation over&nbsp;Amazon.com Inc.’s possible involvement in the cryptocurrency sector.\nMusk last month said he’d like to see the token succeed and that he personally has bought Bitcoin, Ethereum and Dogecoin. Ark’s Wood said corporations should consider adding Bitcoin to their balance sheets.\nThe hash rate -- a measure of the computational power being put toward the Bitcoin network -- has also rebounded from early-July lows, in a sign that the sector is adjusting after disruptions caused by China’s clampdown.\n<img src=\"https://static.tigerbbs.com/18e6266bdc63062ae70d96bf961af4ef\" tg-width=\"725\" tg-height=\"642\" referrerpolicy=\"no-referrer\">\nBitcoin is “getting nearer the higher end of what I expect as a new trading range in the low-$40,000s to low-$50,000s,” Rick Bensignor, chief executive officer at Bensignor Investment Strategies, wrote in a note Monday.\nEther has also been climbing, boosted by an upgrade to its underlyingnetworkthat signals a more constrained supply of the token. The&nbsp;ADA&nbsp;coin linked to the Cardano blockchain has surged of late into third spot on technological enhancements that may make the network more useful.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIOT":"Riot Platforms","EBON":"亿邦国际","COIN":"Coinbase Global, Inc.","NCTY":"第九城市","SOS":"SOS Limited","MARA":"MARA Holdings","BTCM":"BIT Mining","BTBT":"Bit Digital, Inc.","CAN":"嘉楠科技","GBTC":"Grayscale Bitcoin Trust ETF","PYPL":"PayPal"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163822738","content_text":"Crypto stocks surged in premarket trading after bitcoin topping $50,000 and hitting a more than 3-month high.\n\nBitcoin topped $50,000 for the first time since May as crypto prices continued an ongoing recovery from a disorderly rout just three months ago.\nThe largest virtual coin advanced 3.5% to $50,122 in early London trading on Monday, with other tokens including Ether and Cardano’s ADA also rising.\nThe revival in virtual currencies has excited the animal spirits of the crypto faithful, putting predictions of $100,000 or more for Bitcoin back in vogue. Others see the volatile asset carving out a wider trading range for now.\n“We’re seeing some very bullish signs here,” said Vijay Ayyar, head of Asia-Pacific with crypto exchange Luno in Singapore. Bitcoin could “test all-time highs again” after pushing past levels that some had seen as major challenges.\n\nMarket sentiment also benefited from PayPal Inc.’s announcement that it will allow U.K. customers to make crypto transactions. It’s the first international expansion of PayPal’s crypto service beyond the U.S., and another hint at wider adoption of the industry.\nIn April, Bitcoin hit a record of almost $65,000, driven by a tide of liquidity, fast-money bets and optimism about growing demand from institutional investors. Supportive views from billionaire Elon Musk and the direct listing of digital-currency platform Coinbase Global Inc. also fueled optimism.\nBut more critical opinions later emerged, including an about-face from Musk, focused in part on the environmental cost of the energy consumed by the computers that underpin Bitcoin. A cryptocurrency crackdown in China also soured the mood. Bitcoin tumbled below $30,000 after a crypto rout in May.\n$2.2 Trillion\nThe recovery since then has seen the value of the crypto universe tracked by CoinGecko reach about $2.2 trillion from $1.2 trillion a month ago.\nBulls haven taken heart from more recent comments from Musk and Ark Investment Management LLC’s Cathie Wood, as well as speculation over Amazon.com Inc.’s possible involvement in the cryptocurrency sector.\nMusk last month said he’d like to see the token succeed and that he personally has bought Bitcoin, Ethereum and Dogecoin. Ark’s Wood said corporations should consider adding Bitcoin to their balance sheets.\nThe hash rate -- a measure of the computational power being put toward the Bitcoin network -- has also rebounded from early-July lows, in a sign that the sector is adjusting after disruptions caused by China’s clampdown.\n\nBitcoin is “getting nearer the higher end of what I expect as a new trading range in the low-$40,000s to low-$50,000s,” Rick Bensignor, chief executive officer at Bensignor Investment Strategies, wrote in a note Monday.\nEther has also been climbing, boosted by an upgrade to its underlyingnetworkthat signals a more constrained supply of the token. The ADA coin linked to the Cardano blockchain has surged of late into third spot on technological enhancements that may make the network more useful.","news_type":1,"symbols_score_info":{"BTBT":0.9,"BTCM":0.9,"CAN":0.9,"COIN":0.9,"EBON":0.9,"GBTC":0.9,"MARA":0.9,"NCTY":0.9,"PYPL":0.9,"RIOT":0.9,"SOS":0.9,"SQ":0.9}},"isVote":1,"tweetType":1,"viewCount":1037,"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":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}