Cryptocurrencies

    US markets mixed; Bitcoin soars over US$63,000; Moderna rallies on updated vaccine success

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    Highlights
    • The tech heavy Nasdaq closed 1.1% higher at 13,996.
    • Bitcoin has surged 6% in the last 24-hours to a record over US$63,000.
    • Moderna soared 7.4% on new vaccine tackling South African COVID variant.

    The US markets closed mixed on Tuesday as the FDA halted administration of the Johnson & Johnson COVID-19 vaccine after reports of 6 cases of severe blood clotting.

    The Dow Jones fell 0.2% to finish the trading day down 68 points to close at 33,677 points .

    The tech heavy NASDAQ rose 1.1% to finish the trading day up 146 points to close at 13,996 points with Tesla and Apple gaining 8.6% and 2.43% respectively.

    One bitcoin is worth US$63,408 going into the Asian trading day. The world?s largest cryptocurrency has soared 6% in the last 24-hours to a record high above US$63,000 for the first time.

    The Australian dollar is firm against the major currencies and is buying 76.5 US cents.

    Cryptocurrency trading platform Coinbase has set a reference price of US$250/share for its IPO expected on Wall Street on April 14 , which will value the company at US$65bn.

    Biotech company Moderna surged nearly 8% on Tuesday after its updated COVID-19 vaccine was found to generate antibodies against the COVID-19 mutation first discovered in South Africa.

    And a Detroit man has sued police after AI technology wrongly identified him as a shoplifter leading to his arrest. The facial recognition wrongly identified him as the suspect by matching the pixelated CCTV footage to his registered drivers licence.

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