Bitcoin set for biggest weekly gain in nine months

Bitcoin is on course for its best weekly gain since October last year, helped by a return of risk appetite in global markets more broadly.

The largest cryptocurrency by market capitalisation was up more than 13 per cent for the week on Friday morning — and if the move holds that would be the biggest gain for such a span since 2021. As of 11.10am UAE time on Friday, Bitcoin was up 6.98 per cent at $21,767.30.

Other tokens such as Ether, Avalanche and Solana have also had a strong run in recent days, helping to take the overall market value of cryptocurrencies back over $1 trillion, according to CoinGecko data.

Bit Coin

A stocks rally is providing much-needed relief for battered virtual coins amid the positive correlation between the two asset classes. However, Bitcoin remains more than 50 per cent lower in 2022, hurt by monetary tightening and a string of blow-ups in a digital-asset sector that’s still sobering up after binging on leverage.

Read More : https://www.thenationalnews.com/business/cryptocurrencies/2022/07/08/bitcoin-set-for-biggest-weekly-gain-in-nine-months/

Comments

Post a Comment

Popular posts from this blog

The Ultimate Guide to NEET 2024: Tips and Techniques for Top Scores from NEET MOCK

Image
The National Eligibility cum Entrance Test (NEET) is an integral part of the medical education landscape in India, serving as the gateway for aspiring medical and dental professionals. In 2024, NEET continues to be a critical examination that determines admission to undergraduate medical and dental courses across the country. This article aims to provide a comprehensive guide to NEET 2024, covering essential aspects such as eligibility criteria, exam pattern, preparation strategies, and recent developments together with NEET MOCK . NEET MOCK Eligibility Criteria: To appear for NEET 2024 , candidates must meet specific eligibility criteria. The basic requirements include: 1. Age: Candidates must be at least 17 years old as of December 31, 2024. 2. Educational Qualification: Aspiring candidates should have completed or be in the process of completing their 10+2 education with Physics, Chemistry, Biology/Biotechnology, and English as mandatory subjects. 3. Minimum Percentage: General cate
Read more

24% women surveyed experience workplace harassment

Image
The report has revealed that one in four women (24%) are still experiencing inappropriate comments in the workplace or remotely via zoom and email from managers and colleagues. Only 10% of men said they have issues with similar comments meaning more than double the number of women are subjected to this. However, the survey showed that nearly twice as many men (10%) as women (6%) are experiencing homophobic behaviour and comments from colleagues or managers. These toxic behaviours aren’t just happening in the office with many hybrid workers admitting to receiving comments on zoom calls or over email. More concerningly nearly eight percent of women surveyed admitted having experienced sexual harassment at work and 28% of all women surveyed said they have experienced bullying from colleagues or direct line managers. The extensive workplace survey gives a stark warning to employers across the UK as millions of workers are not only unhappy in their current roles but even worse are being sub
Read more

Anurag Kashyap reviews 'Manjummel Boys': 'Hindi cinema really is far left behind'

Image
Director Anurag Kashyap reviewed the latest Malayalam film 'Manjummel Boys'. The survival thriller has been the talk of the town with all the acclaim it has been garnerning from critics and viewers alike. Anurag, too, had nothing but praise for the Chidambaran-directorial. Anurag Kashyap hails 'Manjummel Boys Anurag Kashyap reviewed 'Manjummel Boys' on Letterboxd and called it an 'extraordinary piece'. He showered praise on the filmmaking and stated that it is 'so much better that all the big budgeted filmmaking in India'. He added, "Such confidence, such impossible storytelling. I was wondering how does one even sell this idea to a producer. In Hindi they can only do remakes of such ideas. Hindi cinema really is so far left behind with three back to back brilliant Malayalam films " Meanwhile, the makers recently announced that 'Manjummel Boys' has become the fastest Malayalam film to cross the milestone mark of Rs 100 crore. A sect
Read more