AMeow
2021-08-02
Wa
Bitcoin Pares Weekend Rally That Took Coin to Highest Since May
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Other virtual coins including second-ranked Ether also fell. A trigger for the declines beyond possible profit-taking wasn’t immediately apparent.</p>\n<p><img src=\"https://static.tigerbbs.com/04da3d6e57f3f801bf6532b2aff048b3\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Bitcoin has rallied over the past two weeks, breaking past the upper bound of a prolonged trading range between $30,000 and $40,000. It’s been bolstered by supportive comments from billionaire Elon Musk and Ark Investment Management LLC’s Cathie Wood, as well as speculation over Amazon.com Inc.’s possible involvement in the cryptocurrency sector.</p>\n<p>At the same time, scrutiny of the industry is intensifying. 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