Only 10 of Gaza's 36 hospitals are currently even partially functioning
Cryptocurrencies slid during Asian trading hours on Monday, with bitcoin dropping more than 5 per cent, as investors took profits from a record-breaking rally.
Also read:
Bitcoin: Billionaires Jay-Z, Elon Musk support digital currency
Bitcoin fell as much as 5.6 per cent to $45,914 and rival cryptocurrency ethereum dropped more than 8 per cent to $1,655. Both had hit record highs in recent days as the asset class gains more mainstream acceptance.
Once on the fringes of finance, bitcoin is fast gaining legitimacy as an asset class and has leapt 20 per cent in the week since electric carmaker Tesla Inc announced it had $1.5 billion in bitcoin and would accept the currency as payment.
It is up more than 60 per cent for the year to date and has gained more than 1,100 per cent since hitting a one-year low last March.
“There’s this unadulterated wave of big players (buying) that has continued to push the price higher,” said Chris Weston, head of research at Melbourne brokerage Pepperstone. “We might be seeing one or two big funds just cashing out,” he said.
“The big question is: OK, you want to buy the pullback, but how big is the pullback that we are talking about?”
Besides Tesla’s investment, Bank of NY Mellon last week said it formed a new unit to help clients own and trade digital assets.
Bloomberg reported on Saturday that Morgan Stanley’s investment arm is weighing a bet on bitcoin.
Only 10 of Gaza's 36 hospitals are currently even partially functioning
The updated Meta AI assistant will be given more prominent billing within Meta's Facebook, Instagram, WhatsApp and Messenger apps
The McLaren driver saw his fastest lap time deleted and then reinstated in the final minutes of the session as he edgec Hamilton in his Mercedes by 1.261 seconds
Sharafu’s unbeaten 55 ensured UAE would post a comfortable victory in the ACC Men’s T20 Premier Cup in Oman
The country called on the international community to intensify all efforts to achieve a comprehensive and just peace
These initiatives are part of commitments by the local firms to support the UAE community in times of crisis
Though some employers were considerate enough to allow employees to work from home, some have asked staff to report to work now
It is a tale of love and dedication scripted in the heart of Abu Dhabi