Business
Bitcoin rises again on Elon Musk tweet, ASX higher despite weaker iron ore prices – ABC News
Bitcoin has recovered some of its recent lost ground thanks to more tweeting from Tesla founder Elon Musk, while Australian shares gain despite a fall in iron ore…
The Australian sharemarket has opened higher after tech stocks on Wall Street surged and bitcoin prices rose again.
Key points:
- Bitcoin rose 15pc to $US39,364
- The Dow Jones was up 0.5pc, S&P 500 was up 1pc, and the Nasdaq was up 1.4pc
- Iron ore prices fell to $US184.80/tonne
At 10:20am AEST, the ASX 200 index was up 0.5 per cent or 37 points to 7,083.
The All Ordinaries index rose 0.5 per cent to 7,320.
Most sectors rose with only utilities in the red in early trade.
Leading the gains were technology…
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