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Tech pulls the pack

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Miguel A. Rodriguez
Miguel A. Rodriguez
29 June 2021
Bitfinex shorts crumble, bears capitulate after Bitcoin holds above $30K.
  • Stocks were mixed but the tech-heavy #Nasdaq gained as investors turned to technology shares amid a worrying rise in cases of the highly transmissible coronavirus Delta variant.
  • $726 million in #Bitfinex shorts were quickly closed after Bitcoin's price bounced at $30,500, leading to speculation whether bears have given up.
  • Philippine digital and financial services firm Voyager Innovations has raised $167 million for its expansion programme, including a venture into digital banking.

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.