Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- On Thursday, Chinese ride-hailing company DiDi Global Inc (OTC:DIDIY) reportedly shared plans to expand services and offer more subsidies to passengers and drivers following the end of a regulatory probe.
- DiDi will work with partners in the industry to offer more services and cover more cities, Reuters reports citing an online statement.
- Uber Technologies, Inc's (NYSE:UBER) Chinese equivalent acknowledged recovery in domestic travel, consumption, and the number of orders for online ride-hailing.
- China banned DiDi from adding new users and removed its app from app stores from mid-2021 until this January under a sweeping crackdown.
- Alibaba Group Holding Limited (NYSE:BABA), Tencent Holding Ltd (OTC:TCEHY), and Softbank Group Corp (OTC:SFTBF) (OTC:SFTBY) backed ride-hailing firm drew the ire of Chinese regulator after pressing ahead in 2021 with a U.S. stock listing against the regulator's wishes.
- DiDi won the permit to resume new user registrations for its core ride-hailing app in January.
- Price Action: BABA shares traded higher by 0.40% at $81.86 on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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