Cryptos rebound after double-bottom dip; buy booze and get Bitcoin

Cryptos appear to be rebounding this afternoon after dipping overnight and again this morning.

Bitcoin was trading at US$45,676 this afternoon, up 1.6 per cent from 24 hours ago, after reaching as low as $US43,861 around 9am AEST.

The original crypto hit a more than two-month high of US$46,735 early Thursday.

Ethereum was changing hands at US$3,155, at 4.37pm AEST, up 1.6 per cent from 24 hours ago, after testing support at US$3,000 at 2.30am and 9am.

Both cryptos seemed to have formed a double-bottom pattern that could indicate a bullish move upwards, technical analysts said.

I don’t usually chart or trade #Bitcoin, but there’s a double bottom formation on $BTC now. Up we go. pic.twitter.com/W9ilinsjXe

— buckwhitzer (@buckwhitzer) August 13, 2021

Overall the crypto market was up 2.85 per cent in the 24 hours to 4.47pm, standing at US$1.92 trillion.

The Graph and Chiliz were the biggest gainers in the top 100, both rising just under 20 per cent.

Cardano was up 11 per cent to US$1.96 to reclaim the No. 4 spot on the cryptocurrency rankings from Tether ahead of the upcoming launch of its smart contract functionality.

XDC Network and IoTex were the only top 100 tokens to decline in the past 24 hours, after a strong run yesterday.

Order booze. Get Bitcoin.

With around 60 per cent of the Australian population under lockdown and cryptocurrencies soaring in value, alcohol delivery company Jimmy Brings has teamed with Finder to let customers earn BTC while getting tipsy.

Jimmy Brings is offering daily deals through the end of the month, and everyone who makes a purchase will receive $5 for Bitcoin redeemable via the Finder app.

They’ll also go into a draw to win $5,000 worth of Bitcoin. Jimmy Brings said it’d be giving away a total of $200,000 in crypto.

The “21 days of deals” began Wednesday in celebration of the birthday of the Woolworths (ASX:WOW)-owned service.

“The past year and a half has been tough for all Aussies, so for our birthday we wanted to give everyone a reason to celebrate,” said Jamie Gagliardi, head of marketing at Jimmy Brings.

“We are thrilled to be releasing 21 days of deals and surprises for our customers, while also giving away over $200,000 for customers to load up their crypto wallets.”