bitcoin

December 16, 2024 1:34 PM

Bitcoin surges above $106,000 on strategic reserve hopes

Bitcoin surged to a record high above $106,000 on Monday after President-elect Donald Trump suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls. Bitcoin, the world's biggest and best known cryptocurrency, hit a high of $106,533 and last traded up 3.2% to $104,462. "We're in blue sky territory here," said Tony Sycamore, an analyst at IG. "The next figure the market will be looking for is $110,000. The pullb...

November 22, 2024 8:47 PM

Bitcoin at record highs, sets sights on $100,000

Bitcoin touched a fresh record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration. It has more than doubled in value this year and is up about 45% since Trump's sweeping election victory on Nov. 5, which has also seen a slew of pro-crypto lawmakers being elected to Congress. The cryptocurrency's gains though were more measured on Frida...

November 22, 2024 4:26 AM

Bitcoin marches towards $100,000 on optimism over Trump crypto plans

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 BTC= prices topped $98,000 for the first time during European trading, and were last up around 4% on the day. The cryptocurrency's price has more than doubled this year and is up about 40% in the two weeks since Trump was voted in as the next U.S. president and a slew of pro...

November 21, 2024 10:57 AM

Bitcoin breaks $96,000 for first time on optimism over Trump crypto plans

Bitcoin's march toward $100,000 made further ground 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 prices topped $96,000 for the first time in Asia trade, touching a high just above $96,898. The cryptocurrency's price has more than doubled this year and is up about 40% in the two weeks since Trump was voted in as the next U.S. president and a slew of pro-crypto lawmak...

November 14, 2024 12:49 PM

Crypto market capitalisation hits record $3.2 trillion, CoinGecko says

The value of the global cryptocurrency market has topped $3 trillion and is in uncharted territory as the election of Donald Trump as U.S. president spurred bets that friendlier U.S. regulation could usher in a new boom for all corners of the asset class. The sum market value of cryptocurrencies touched a high of nearly $3.2 trillion early on Nov. 14 in Asia, according to analytics and data aggregator CoinGecko. That puts it above even the heady days of 2021, when pandemic-era stimulus pumped ...

November 12, 2024 1:39 PM

Asia stocks slip, bitcoin at record high as Trump trade whipsaws markets

Asian stocks tumbled on Tuesday dragged by Chinese markets and chip shares as investors worried about U.S. President-elect Donald Trump's policies, while bitcoin hit a record peak on bets on assets that are set to benefit from the new administration. Investors anticipate Trump's second four-year term in office will bring equities-boosting tax cuts and looser regulations, lifting the world's biggest and best-known cryptocurrency, bitcoin, to an all-time high of $89,637. But the threat of possib...

November 11, 2024 9:57 AM

Asian stocks slide as China stimulus disappoints; bitcoin extends record rally

Hong Kong stocks led declines in Asia on Monday after Beijing's latest stimulus fell short of investor expectations, overshadowing Wall Street's record highs from Friday and futures pointing to further strength at the reopen. Bitcoin climbed to an all-time high as Donald Trump's victory in the U.S. presidential election along with pro-crypto candidates being voted to Congress spurred expectations of a light-handed regulatory environment. The dollar traded not far from last week's four-month pe...

November 6, 2024 8:26 PM

US stock futures, dollar and bitcoin surge as Trump wins race to White House

Major stock markets around the world rallied on Wednesday, while bitcoin hit a record high and the dollar was set for its biggest one-day jump in four years as Donald Trump was elected U.S. president. Small cap U.S. stocks in particular were boosted by expectations that a Trump presidency would offer tax cuts and support domestic companies. Though bond investors dumped long-dated Treasuries, betting that accompanying tariff hikes would increase the deficit and inflation, causing the Federal Re...

July 5, 2024 9:35 AM

Bitcoin slides to four-month lows, ether sinks 8%

Bitcoin sank to a four-month low on Friday and was on course for its worst weekly performance in a year, hurt by uncertainty over whether Joe Biden will remain the Democrats' U.S. presidential candidate and by worries about potential increases in crypto supply. Bitcoin prices fell 5% to $55,366, their lowest since February end on Friday, and was down 10% for the week. Ether slid 8% to $2,891, a one and half month low. Bitcoin had a strong start to the year after the launch of exchange-traded f...