Business Maverick: Bitcoin Jumps Above $10,000 for the First Time in Six Weeks

. Also, last week, the U.S. Office of the Comptroller of the Currency said American banks can provide custody services for customers’ crypto assets, which could help boost the asset class’s appeal with some investors.

The cryptocurrency had been hovering near its 50-day moving average for weeks before pulling above it in the past couple of days. “We remain positive on the overall precise structure for Bitcoin and do expect it push through $10,000-$10,500 as part of its longer term bullish technical profile,” said Rob Sluymer, technical strategist at Fundstrat Globalband that Bitcoin will need to break above to signal its next move toBitcoin has enjoyed above-average flows this year, and those flows are relatively high versus their five-year average when compared with those of exchange traded funds in other asset classes, according to a...

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Business Maverick: Europe’s Economy to Outpace US, Upending Past RolesThe euro area economy is for once set for a sprightlier recovery from crisis than the U.S., thanks to starkly different responses to the coronavirus.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: The Message Behind Gold’s Rally: The World Economy Is in TroubleIt’s easy to forget now but there was a time early on in the pandemic when the price of gold was in freefall.
Source: dailymaverick - 🏆 3. / 84 Read more »

Samaai and company duck lockdown for camp in Italy | CitypressSouth African long jump champion Ruswahl Samaai is one of a lucky few who are on the verge of getting their first taste of competition. The 28-year-old is part of a small band of local athletes who were handed a pass to Italy
Source: City_Press - 🏆 7. / 72 Read more »