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BREAKING
At least 3 people killed in explosions at federal police headquarters in Pakistan's Peshawar, terror attack not ruled out
Al Mayadeen's Beirut Bureau Chief Roni Alfa: This Israeli aggression says that issue of negotiating with Lebanon is not on table, and that "Israel" will not abide by Resolution 1701.
Al Mayadeen's correspondent: Preliminary casualty toll of Israeli aggression on Southern Suburb of Beirut now at one martyr, 21 wounded.
Ammar: Palestinian experience shows that settlements and talk of peace cannot emanate from enemy that blatantly declares its intent to expand.
Ammar: Unfortunately, enemy is emboldened to commit its aggression by voices within Lebanon that have turned themselves into tools that support its aggression.
Ammar: We are in a full-fledged battle with enemy, and walk at a different pace; we will set the time [for a response].
Ammar: Resistance dealing with utmost wisdom, patience, and will confront this enemy at appropriate time.
Ammar: Any attack on Lebanon is violation of red lines, this aggression is part and parcel of entity which targets Lebanon's dignity, sovereignty, and security of citizens.
Lebanese MP Ali Ammar from attack site: Israeli aggression has attacked entirety of Lebanon since Washington-sponsored ceasefire.
Israeli media citing senior US official: We were not informed prior to strike, but as it was underway.

Bitcoin Tops $50K in a First Since May

  • By Al Mayadeen
  • Source: Agencies
  • 23 Aug 2021 08:15
2 Min Read

After topping $60,000 in April and losing more than half its value by mid-July, Bitcoin is on a rebound as the most popular cryptocurrency has just crossed the $50,000 threshold yet again.

  • x
  • Bitcoin
    Bitcoin

The largest cryptocurrency rose above the odds, gaining 3.5% Sunday to pass the $50,000 threshold yet again, in a rebound from its all-time high value of $64,000.

The digital coin had lost over 50% of its value in the time period between mid-April and mid-July, going from nearly $64,000 to less than $30,000. Bitcoin did not recover alone on Sunday, as it was accompanied by several other cryptocurrencies, such as Cardano’s ADA, which gained 11.59%, and Ethereum, which gained 3.18%.

Bitcoin has been on a steady rise since mid-July, with some dips here and there but nothing too serious, allowing the coin to jack up 50% of its value that it started losing in mid-May.

In early June, Bitcoin started losing value due to concerns about its involvement in the Colonial Pipeline ransomware attack, through which the attackers caused a fuel shortage in Alabama, Florida, Georgia, North Carolina, and South Carolina.

However, according to data from CoinMarketCap, the value of the entire cryptocurrency market stood above $2.15 trillion on Sunday, marking a 3.2% increase of the market's value.

  • United States
  • Bitcoin

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