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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.09%

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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.09%




Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.09%



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India adds 311,170 daily coronavirus infections to nearly 24.7 million By Reuters

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India adds 311,170 daily coronavirus infections to nearly 24.7 million By Reuters



© Reuters. FILE PHOTO: A couple mourns as they stand next to the funeral pyre of a relative who died due to the coronavirus disease (COVID-19), at a crematorium in New Delhi, India, May 10, 2021. REUTERS/Adnan Abidi

BENGALURU (Reuters) – India’s tally of coronavirus infections reached nearly 24.7 million on Sunday, boosted by 311,170 new cases over the last 24 hours, while deaths rose by 4,077.

The South Asian nation’s tally stands at 24.68 million with the death toll at 270,284, health ministry data showed.

(Corrects tally in headline, paragraph 1)

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Altcoins pop while Bitcoin looks for support near $50,000 By Cointelegraph

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Altcoins pop while Bitcoin looks for support near ,000 By Cointelegraph



Altcoins pop while Bitcoin looks for support near $50,000

(BTC) continues to look for direction, but as this occurred, Ether (ETH) and altcoins bounced higher from the Thursday sell-off. Dogecoin (DOGE) shocked investors with its 47% rally that kicked off after Coinbase announced that it would list DOGE in the coming months. DOGE’s price also rallied after Elon Musk tweeted that he was “working with Doge devs to improve system transaction efficiency. Potentially promising.”

While many altcoins have seen double-digit gains during the recovery, the price of Bitcoin has continued to languish near the $50,000 level as whale wallets containing at least 1,000 BTC have declined by 4.7% compared to the previous month, indicating possible profit taking or a rotation into different assets.

ETH/USDT 4-hour chart. Source: TradingView
Percentage of total market capitalization dominance. Source: CoinMarketCap
Daily cryptocurrency market performance. Source: Coin360