Tech pulls the pack

Tech pulls the pack

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.

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