INSUBCONTINENT EXCLUSIVE:
The largest cryptocurrency posted its biggest weekly advance since just before it peaked at almost $20,000 in December
Other large cryptocurrencies such as Ether, Ripple, Bitcoin Cash and Litecoin also gained.
Bitcoin is inching back up after it slumped 52
per cent in the first quarter, its worst start of a year ever
The approaching deadline to report taxes in the US, which means investors are done selling crypto to pay off outstanding balances, and a
squeeze against a record short position on Bitcoin are adding to the rally, said John Spallanzani, a portfolio manager at Miller Value
Partners.
Regulatory concerns as authorities from China to the US tightened their grasp in the industry have weighed on prices, while social
media giants like Facebook Inc
banned advertisements on digital coin sales
There was also speculation that the trustee of failed exchange Mt
there was a sizable short position that had been accumulated so a few large players took note and once we broke above technical resistance
Capital Management said in a note to investors Thursday, where they also called a bottom to the current bear market and recommended
George Soros, the billionaire investor who called cryptocurrencies a bubble in January, was said last week to have authorized his $26
