{"id":448062,"date":"2020-10-27T13:00:36","date_gmt":"2020-10-27T13:00:36","guid":{"rendered":"https:\/\/wncen.com\/?p=448062"},"modified":"2024-06-11T14:07:37","modified_gmt":"2024-06-11T14:07:37","slug":"bitcoin-moves-towards-14k-as-dbs-opens-crypto-exchange","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-moves-towards-14k-as-dbs-opens-crypto-exchange\/","title":{"rendered":"Bitcoin Moves Towards $14K as DBS Opens Crypto Exchange"},"content":{"rendered":"
Minutes after DBS announced its foray into the cryptocurrency exchange business<\/a>,\u00a0Bitcoin resumed its uptrend.<\/p>\n The BTC\/USD exchange rate added up to $411, or 3.14 percent, to set another year-to-date high just shy of $13,500. The pair corrected lower by $100 amid renewed profit-taking but left the Bitcoin market more bullish than it was at the beginning of this week.<\/p>\n Part of the reason was its overnight sell-off<\/a> that appeared almost in sync with a similar downside move across the three Wall Street indexes: the S&P 500, the Dow Jones, and the Nasdaq Composite. But unlike its traditional peers, Bitcoin was able to move back into positive territory.<\/p>\n On Tuesday, traders receive more bullish cues from DBS, the most extensive banking corporation in Singapore, announced “DBS Digital Exchange<\/a>.”<\/p>\n According to its official website, which went offline for unknown reasons, only to resume later, the new DBS venture will offer “trading services from fiat currencies to four of the top digital currencies in circulation \u2013 Bitcoin, Bitcoin Cash, Ether, and XRP.”<\/p>\n The news helped to revive the bullish sentiment in the Bitcoin market, with top analysts sharing their revised upside targets for the sessions ahead. Alex Saunders, the founder of Nugget News AU, shared a chart that showed BTC\/USD in a clear uptrend towards $14,000.<\/p>\nAnother Bitcoin Rally<\/h2>\n
Analysts Extend Upside Bias<\/h2>\n