TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentralTechCentral
    NEWSLETTER
    • News

      Icasa moves to license more broadband spectrum

      17 August 2022

      Eskom to impose more load shedding

      17 August 2022

      Tiger Brands to go solar – to start with four manufacturing plants

      17 August 2022

      Google buys into African e-logistics firm Lori Systems

      17 August 2022

      A new normal is dividing the global chip industry

      17 August 2022
    • World

      Tencent reports first-ever sales decline

      17 August 2022

      Chip makers are flashing a big warning for the global economy

      17 August 2022

      Semiconductor boom turns to bust

      16 August 2022

      Tencent plans to offload R400-billion Meituan stake: sources

      16 August 2022

      Ether leaps higher on verge of Merge

      16 August 2022
    • In-depth

      African unicorn Flutterwave battles fires on multiple fronts

      11 August 2022

      The length of Earth’s days has been increasing – and no one knows why

      7 August 2022

      As Facebook fades, the Mad Men of advertising stage a comeback

      2 August 2022

      Crypto breaks the rules. That’s the point

      27 July 2022

      E-mail scams are getting chillingly personal

      17 July 2022
    • Podcasts

      Qush on infosec: why prevention is always better than cure

      11 August 2022

      e4’s Adri Führi on encouraging more women into tech careers

      10 August 2022

      How South Africa can woo more women into tech

      4 August 2022

      Book and check-in via WhatsApp? FlySafair is on it

      28 July 2022

      Interview: Why Dell’s next-gen PowerEdge servers change the game

      28 July 2022
    • Opinion

      No reason South Africa should have a shortage of electricity: Ramaphosa

      11 July 2022

      Ntshavheni’s bias against the private sector

      8 July 2022

      South Africa can no longer rely on Eskom alone

      4 July 2022

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022
    • Company Hubs
      • 1-grid
      • Africa Data Centres
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»Sections»Cryptocurrencies»Bitcoin eyes longest winning streak in 2021

    Bitcoin eyes longest winning streak in 2021

    Cryptocurrencies By Agency Staff28 July 2021
    Facebook Twitter LinkedIn WhatsApp Telegram Email

    A continuing recovery in bitcoin has put the largest cryptocurrency on course for its longest winning streak this year.

    The virtual coin rose as much as 5.8% to top US$40 000 and was trading at $39 900 as of 10.30am in Singapore. It’s advanced for eight straight days. Other coins including second-ranked Ether climbed.

    “The current momentum is strong” and $45 000 is in sight but a conclusive break above $50 000 “will take some doing”, Pankaj Balani, CEO of crypto derivatives exchange Delta Exchange, wrote in a note on Tuesday.

    Bitcoin remains far below its mid-April high of almost $65 000. But bulls have taken heart from recent positive comments from billionaire Elon Musk and Ark Investment Management’s Cathie Wood, as well as speculation over Amazon.com’s potential involvement in the cryptocurrency sector. The token soared on Monday as some traders exited leveraged bets on declines.

    For now, these narratives have taken the focus away from criticism of bitcoin for the environmental cost of the energy consumed by the servers underpinning it. Regulators in China, the US and Europe are also increasingly cracking down on cryptocurrencies or considering harsher rules.  — Reported by Joanna Ossinger, (c) 2021 Bloomberg LP

    Bitcoin Elon Musk
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleApple and Google are both winning big, but one is about to pull ahead
    Next Article Meet the young South African helping unravel the Africrypt scandal

    Related Posts

    Icasa moves to license more broadband spectrum

    17 August 2022

    Tencent reports first-ever sales decline

    17 August 2022

    Eskom to impose more load shedding

    17 August 2022
    Add A Comment

    Comments are closed.

    Promoted

    Top cybersecurity challenge is inadequate identification of key risks

    17 August 2022

    Acrobat Sign and Microsoft accelerate digital transformation

    17 August 2022

    HPE SimpliVity: addressing SMBs’ data conundrums

    16 August 2022
    Opinion

    No reason South Africa should have a shortage of electricity: Ramaphosa

    11 July 2022

    Ntshavheni’s bias against the private sector

    8 July 2022

    South Africa can no longer rely on Eskom alone

    4 July 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.