XBNUSD News

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Last Updated Date: 14 June 2021 @ 6:05 AM (UTC)
*Please note that all the dates are in GMT time zone

Bitcoin surged 9.8% to $39,035.47 on Sunday, adding $3,492.71 to its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.7% from the year's low of $27,734 on Jan. 4.

Ether, the coin linked to the ethereum blockchain network, surged 7% to $2,532.77 on Sunday, adding $165.77 to its previous close.

 

Tesla Inc Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. Musk has been a major promoter of cryptocurrencies but has turned critical of bitcoin since suspending Tesla plans to take it in payment for cars, owing to concerns that the computers used to "mine" it use too much energy.

The Bitcoin cash stood flat @ 580.0. A close under 542.63 alerts for a larger top/downturn and projects selloffs to 500.97. The bounce off 542.63 hints for near term corrections for a few days. However, only a close over 708.59 rekindles bull trend forces ⇒ 760.02.

 

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