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Jasper93
2021-02-16
Crazy
Bitcoin Extends Its Rally to an All-Time High Close to $50,000
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12:43","market":"us","language":"en","title":"Bitcoin Extends Its Rally to an All-Time High Close to $50,000","url":"https://stock-news.laohu8.com/highlight/detail?id=1152564844","media":"Bloomberg","summary":"Largest cryptocurrency is up fivefold over the past year\nToken’s parabolic jump takes market value n","content":"<ul>\n <li>Largest cryptocurrency is up fivefold over the past year</li>\n <li>Token’s parabolic jump takes market value near $1 trillion</li>\n</ul>\n<p>Bitcoin reached another record, coming ever closer to $50,000, as the world’s largest cryptocurrency extends its breathtaking rally.</p>\n<p>The token climbed as much as 3.6% to $49,913 in Asian trading Tuesday, according to a composite of prices compiled by Bloomberg. Bitcoin’s volatile, fivefold advance over the past year towers above the returns from more traditional investments like stocks, gold and commodities.</p>\n<p>Bitcoin’s ascent has been buoyed by the widening adoption of the cryptocurrency, most notably Tesla Inc.’s disclosure this month of a $1.5 billion purchase. Yet a debate continues about whether the token has any intrinsic value at all, amid warnings that investors could be left with big losses because cryptocurrencies remain highly speculative.</p>\n<p>“Bitcoin volatility is likely to continue rising in the near term and remain elevated until it settles in around its next plateau,” said Mike McGlone, a commodity strategist at Bloomberg Intelligence, who added that $100,000 may be a longer term target.</p>\n<p><img src=\"https://static.tigerbbs.com/8099210153e38c9821eb3a01ff82bb79\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>A flurry of recent announcements indicates that Bitcoin is winning more mainstream attention, after Tesla’s purchase catapulted cryptocurrencies onto the agenda of corporate treasurers worldwide.</p>\n<p>For instance, an investment unit of Morgan Stanley is considering whether to bet on Bitcoin, according to people with knowledge of the matter. In Canada, officials approved the first North American Bitcoin exchange-traded fund.</p>\n<p>BNY Mellon has said it’s formed a new team that’s developing a custody and administration platform for traditional and digital assets. Mastercard Inc. plans to allow cardholders to transact in certain cryptocurrencies on its network.</p>\n<p><b>Volatility</b></p>\n<p>Digital tokens had already caught the attention of hedge fund moguls including Alan Howard and Paul Tudor Jones. On one disputed narrative, Bitcoin is a kind of digital bullion that provides a store of value as well as a hedge for risks such as faster inflation. That’s in part because it’s designed to have a fixed supply of 21 million coins.</p>\n<p>Amid the hype, there continue to be warnings that cryptocurrencies are prone to wild price swings, deployed for illicit transactions and exposed to tightening regulations -- storing up a lot of risk.</p>\n<p>“It’s important to remember that Bitcoin never moves up in a straight line,” said Antoni Trenchev, managing partner and co-founder of Nexo in London, one of the biggest crypto lenders. “Short-term volatility is very much a feature of this bull market and investors should prepare accordingly.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Extends Its Rally to an All-Time High Close to $50,000</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Extends Its Rally to an All-Time High Close to $50,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-16 12:43 GMT+8 <a href=http://bloomberg.com/news/articles/2021-02-16/bitcoin-extends-its-rally-to-an-all-time-high-close-to-50-000?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Largest cryptocurrency is up fivefold over the past year\nToken’s parabolic jump takes market value near $1 trillion\n\nBitcoin reached another record, coming ever closer to $50,000, as the world’s ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-02-16/bitcoin-extends-its-rally-to-an-all-time-high-close-to-50-000?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://bloomberg.com/news/articles/2021-02-16/bitcoin-extends-its-rally-to-an-all-time-high-close-to-50-000?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152564844","content_text":"Largest cryptocurrency is up fivefold over the past year\nToken’s parabolic jump takes market value near $1 trillion\n\nBitcoin reached another record, coming ever closer to $50,000, as the world’s largest cryptocurrency extends its breathtaking rally.\nThe token climbed as much as 3.6% to $49,913 in Asian trading Tuesday, according to a composite of prices compiled by Bloomberg. Bitcoin’s volatile, fivefold advance over the past year towers above the returns from more traditional investments like stocks, gold and commodities.\nBitcoin’s ascent has been buoyed by the widening adoption of the cryptocurrency, most notably Tesla Inc.’s disclosure this month of a $1.5 billion purchase. Yet a debate continues about whether the token has any intrinsic value at all, amid warnings that investors could be left with big losses because cryptocurrencies remain highly speculative.\n“Bitcoin volatility is likely to continue rising in the near term and remain elevated until it settles in around its next plateau,” said Mike McGlone, a commodity strategist at Bloomberg Intelligence, who added that $100,000 may be a longer term target.\n\nA flurry of recent announcements indicates that Bitcoin is winning more mainstream attention, after Tesla’s purchase catapulted cryptocurrencies onto the agenda of corporate treasurers worldwide.\nFor instance, an investment unit of Morgan Stanley is considering whether to bet on Bitcoin, according to people with knowledge of the matter. In Canada, officials approved the first North American Bitcoin exchange-traded fund.\nBNY Mellon has said it’s formed a new team that’s developing a custody and administration platform for traditional and digital assets. Mastercard Inc. plans to allow cardholders to transact in certain cryptocurrencies on its network.\nVolatility\nDigital tokens had already caught the attention of hedge fund moguls including Alan Howard and Paul Tudor Jones. On one disputed narrative, Bitcoin is a kind of digital bullion that provides a store of value as well as a hedge for risks such as faster inflation. That’s in part because it’s designed to have a fixed supply of 21 million coins.\nAmid the hype, there continue to be warnings that cryptocurrencies are prone to wild price swings, deployed for illicit transactions and exposed to tightening regulations -- storing up a lot of risk.\n“It’s important to remember that Bitcoin never moves up in a straight line,” said Antoni Trenchev, managing partner and co-founder of Nexo in London, one of the biggest crypto lenders. “Short-term volatility is very much a feature of this bull market and investors should prepare accordingly.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
