Bitcoin spikes to October highs as China stocks plunge on reopen

HONG KONG: Cryptocurrencies briefly jumped amid chaotic trading in Asia after China’s stock markets reopened to steep losses following an extended holiday shutdown.

The wider Bloomberg Galaxy Crypto Index tracking a basket of digital assets reached the highest level since September before paring some of its climb, maintaining a 3.9% gain as of 10.20am in Hong Kong. The CSI 300 Index dropped as much as 9.1% as onshore financial markets reopened for the first time since Jan 23.

it's called hedging

A pseudo currency to fall back..when the are setbacks on mainstream ..Investment of convenience.. guanenglim chedetofficial IDEASMalaysia SecurityComm BNM_official BursaMalaysiaKL

As I prophesied Buy-Low-Sell-High!

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese stocks sink 9% as markets reopen to crisis after breakHONG KONG: Chinese stocks plummeted by the most since an equity bubble burst in 2015 as they resumed trading to the worsening virus outbreak.
Source: staronline - 🏆 4. / 75 Read more »

Virus fears send China stocks crashing | The Malaysian InsightHundreds of companies plunge by maximum 10%.
Source: msianinsight - 🏆 8. / 63 Read more »

China stocks brace for virus hit as markets open after long break | The Malaysian InsightGovernment has been marshalling forces to contain the economic fallout.
Source: msianinsight - 🏆 8. / 63 Read more »