Tag: “Crypto”

Bitcoin catapulted above $100,000 for the first time on Thursday, a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly U.S. administration to cement the place of cryptocurrencies in financial markets.

Bitcoin’s march toward $100,000 gathered pace on Thursday as investors bet a friendlier U.S. regulatory approach to cryptocurrencies under President-elect Donald Trump will unleash a boom era for the asset class.

Bitcoin hit a new record high above $94,000 as Donald Trump’s favorable stance on crypto continued to fuel the rally.

Bitcoin price edged close to $90,000 early Tuesday as the postelection rally continues. Investors are betting that former President Donald Trump’s second term will boost cryptocurrencies because he has suggested more favorable regulation.

Bitcoin hit another high Monday, as the rally in cryptocurrencies continued following Donald Trump’s election win.

Dogecoin surged more than 19% and Shiba Inu gained nearly 7%, according to Coin Metrics. The moves came as bitcoin rose to a fresh record of $75,000 even.

Cryptocurrencies on Tuesday recovered some of the previous day’s losses after bitcoin briefly fell under $50,000 for the first time in six months.

The price of bitcoin sank more than 13% on Monday to $50,963.57, according to Coin Metrics. At one point, it fell to $49,111.10 — its lowest level and first time under $50,000 since February.

Coinbase Global  reported second-quarter revenue that was greater than expected Thursday, but it missed earnings estimates.

Former President Donald Trump stopped short of promising to establish an official U.S. bitcoin strategic reserve currency during his Saturday keynote speech at the biggest bitcoin conference of the year.

Bitcoin’s price fell on Friday as news of cooling inflation inspired investors to dump their cryptocurrencies and rotate into other assets.

Cryptocurrencies rose Tuesday amid a late surge in optimism around the U.S. Securities and Exchange Commission’s decisions on spot ether exchange-traded funds applications, the first of which is due this week.

Bitcoin and other cryptocurrencies rose Monday, with cryptos climbing after Bitcoin completed its much-anticipated “halving.” While the halving represents a catalyst that could push prices higher, some analysts see digital assets as vulnerable to declines.

Japan’s government pension fund on Tuesday said it is requesting information on “illiquidity assets” such as bitcoin as part of research into potential new investments.

Bitcoin and other cryptocurrencies fell on Friday in what looked like a short-term correction after a red-hot rally in digital assets. Prices could fall further even as traders continue to be bullish on the outlook for cryptos in the months ahead.

The Financial Conduct Authority said Monday that it wouldn’t object to requests from recognized investment exchanges to create crypto-backed exchange-traded notes, or ETNs.

Bitcoin’s price grew over 10% over two days and on Monday, surpassed a $57,000 benchmark for the first time since December 2021.

Coinbase, the largest U.S. venue for buying and selling cryptocurrencies, said that net income totalled $273 million in the fourth quarter.

The value of all the bitcoin in circulation, or market capitalization, on Wednesday rose above $1 trillion for the first time since late 2021, according to CoinMarketCap data.

Bitcoin and other cryptocurrencies were falling on Monday. The initial wave of buying after the approval of exchange-traded funds tied to spot trading of Bitcoin looks to have been exhausted.