Naspers-backed cryptocurrency platform Luno is expanding into Australia as bitcoin rallied 59% this year amid the coronavirus pandemic.
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Bitcoin jumped to its highest in over a year on Monday, adding to a 2020 rally that has seen it more than treble in price since March.
Bitcoin’s recent run higher has brought out a lot of old predictions – and some new ones – about the future of crypto prices.
The goal of blockchain start-ups to build a decentralised Internet always depended on wresting data storage away from giants like Amazon and Google. That missing piece of the puzzle may be solved.
Bitcoin reminded investors of both its promise and peril in trading this weekend. The world’s largest cryptocurrency rose to $12 112, its first foray above $12 000 since August 2019, before plunging.
After several weeks of trading in narrow ranges, bitcoin breached $10 000 on Sunday for the first time since early June.
Bitcoin slid below $9 000 on Monday for the first time since May, joining a downdraft in global equities amid growing concern about the risks of a second wave of coronavirus infections.
Investors expecting a sudden surge in bitcoin’s price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait.
Major cryptocurrencies including bitcoin and ether have surged over the past week, but technical indicators show they’re butting up against a key resistance level.
The world’s biggest cryptocurrency rallied back above $10 000 ahead of a technical event seen by some as having driven the price higher recently.