Cryptocurrencies

    US markets up; Bitcoin extends losses; Disneyland vaccine site

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    Highlights
    • Nasdaq gains 0.28% to close at 13,072.43.
    • Bitcoin has slumped to overnight lows around US$32,000.
    • Disneyland Resort reopens as COVID-19 vaccine centre.

    The US markets finished slightly higher on Tuesday as US Vice President Mike Pence said he will not invoke the 25th Amendment to remove President Donald Trump from office.

    The tech index, the Nasdaq, gained 0.28% at 13,072.43, the Dow Jones was up 0.19% at 31,068.69 and the S&P500 gained just 0.04% at 3,801.19.

    The Australian dollar has slightly weakened to 77 US cents.

    Bitcoin has dipped again overnight to a low of US$32,538.94, with the cryptocurrency losing 20% in the first three days of the week. Analysts have played down the volatility but suggested the wide price difference between exchanges remains a barrier to its potential use as a safe-haven asset.

    Making headlines, Democrat lawmakers have scrambled to begin impeachment proceedings against Trump before the end of his term on Jan. 20 after Vice President Pence said he would not invoke the 25th Amendment to immediately remove him from office over his role in sparking last week's riots on Capitol Hill.

    In tech news, Tesla has made a quiet entry into India by registering its Indian arm under Tesla Motors India and Energy Private Limited in the southern city of Bengaluru. The electric vehicle giant?s share price surged 4.72% at US$849.44 on the back of the news.

    And Disneyland Resort in California is set to reopen this week as a mass COVID-19 vaccine site before its planned reopening as a theme park on July 17.

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