US share markets have gained, driven by technology stocks, as US bond yields fell back and bitcoin prices rose again.Iron ore prices fall to $US184.80/tonne
Worries about rising inflation eased as investors looked to the pared down infrastructure bill from the Biden administration.Bitcoin rebounded after it fell below $US32,000 on the weekend on more signs of a crackdown on cryptocurrencies in China and concerns about the environmental impact of mining cryptocurrencies.Mr Musk said they committed to publish current and planned renewable usage and to ask miners worldwide to also do so.
"It seems to be the continued bounce in a rotation back to growth, the top performing sectors today are all growth stocks. It's the continuing tug of war." The Dow Jones Industrial Average rose 186 points, or 0.5 per cent, to 34,394, the S&P 500 gained 41 points, or 1 per cent, to 4,197 and the Nasdaq Composite put on 190 points, or 1.4 per cent, to 13,661.Strong economic data and supply bottlenecks have seen more volatility on share markets in recent weeks amid fears that the US Federal Reserve could reduce its monetary stimulus in response to rising inflation.
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We know Elon officially owns some bitcoin - even if it's just a fraction, do his tweets altering the price legally count as insider trading? Just wondering
Bitcoin has just crashed and we may see another rally. But is this the time to buy?
This is not true. BTC recovered before Elon tweeted and tried to manipulate the market again. It's actually dropping now since he tweeted. It will hit $36k soon!