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16:56
The cryptocurrency market has surged by at least 3.4%, bitcoin rose over 4% and broke through the $70,000 mark, and ether continues to maintain a gain of over 4%.
MarketVectorTM Digital Assets 100 Mid Cap Index rose by 3.43%, currently at 2,790.40 points. MarketVector Digital Assets 100 Index increased by 4.32%, standing at 14,063.34 points. At present, Solana is up by 3.14%, Dogecoin is up by 2.50%, XRP is up by 3.73%. Bitcoin is up by 4.29% and is currently quoted at 70,247 US dollars; Ethereum is up by 4.99% and is currently quoted at 2,164.61 US dollars.
16:55
Middle East Stock Market Closing Report: Qatar stock market closed up over 1.8%, Kuwait stock index rose over 1.1%, and Egypt stock index gained about 0.8%
Qatar Stock Exchange Index closed up 1.83% at 10,346.22 points, rising steadily after a slight higher open and approaching the March 17 closing level of 10,393.29 points. Kuwait Stock Exchange Premier Market Price Return Index closed up 1.14% at 9,135.40 points, approaching the March 11 closing level of 9,228.41 points. Egypt Stock Exchange EGX 30 Index closed up 0.79% at 47,651.58 points. The Egyptian pound fell 0.25% against the US dollar to 54.4213, continuing to approach the historical low of 54.8317 set on March 31. Dubai Financial Market General Index closed down 0.68%. Abu Dhabi Securities Market General Index closed up 0.26%. Israel's Tel Aviv Stock Exchange TA-35 Index closed up 1.41%.
16:31
Bitcoin surpasses $70,000; blockchain technology may disrupt traditional banking business
Bitcoin price has surpassed $70,000. Some holders are selling, and executives departing is bringing hope to the crypto industry. Jamie Dimon warns that blockchain technologies such as tokenization, stablecoins, and smart contracts are becoming direct competitors to traditional banks, potentially changing core functions like payments, trading, and asset management. He stated that JPMorgan needs to accelerate blockchain development, including the Kinexys division and JPM Coin.
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