Cryptocurrency Bitcoin has stabilised after touching a record high on Tuesday, before plummeting soon after. The record high was fueled by investors pouring money into US spot exchange-traded crypto products and the prospect that global interest rates may fall.
The world's largest cryptocurrency hit a high of $69,202 (AED 254,172) topping November 2021's all-time peak of $68,999.99 (AED 253,430).
Investor interest has increased since the Securities and Exchange Commission approved 11 spot bitcoin ETFs in late January. It then reversed course and was recently down around 7 per cent at $63,400 (AED 232,861).
UAE thwarts advanced cyberattacks targeting financial sector
Emirati Supplier Programme awards AED1.78 billion in contracts to SMEs
Zayed International Airport reports strong passenger, flight traffic
UAE pushes for South America trade deal at Mercosur Summit
UAE-Ukraine CEPA takes effect, boosting economic ties
