Meanwhile, new meme coin project Pepe Unchained (PEPU) has just hit $25.5 million in its ICO – with investors rushing to secure discounted tokens. Bitcoin Posts New All-Time High as Trading Volumes Explode to $59B Bitcoin’s rally shows no signs of slowing down, with the OG crypto breaking its previous record price to hit $76,943 […]
Cryptocurrency
BlackRock’s Bitcoin ETF flips gold fund
BlackRock’s Bitcoin BTC$76,427 exchange-traded fund (ETF) now holds more assets than the asset manager’s gold ETF despite only launching in January, data from BlackRock shows. IShares Bitcoin Trust (IBIT) exceeds $33 billion in net assets as of Nov. 8, surpassing iShares Gold Trust (IAU), which holds just shy of that amount, according to iShares. It’s an “absolutely […]
BlackRock’s Bitcoin ETF Clinches Record $4 Billion Trading Volume Amid Trump Win
BlackRock’s iShares Bitcoin Trust (IBIT) achieved its highest-ever daily trading volume of $4.1 billion Wednesday evening amid a record-setting price for the world’s largest crypto. Bitcoin swelled early in the presidential race, reaching a fresh all-time high above $75,000 shortly after Donald Trump’s victory. US-based spot Bitcoin exchange-traded funds have stood to benefit. IBIT recorded […]
Bitcoin shows no ‘overheated’ signals despite new highs, says analyst
Bitcoin isn’t flashing any signs of being “overheated” despite reaching new all-time highs this week, with several analysts pointing to fundamentals suggesting Bitcoin could pump further. “The market does not look overheated from a fundamental perspective,” Galaxy head of research Alex Thorn said in a Nov. 7 market report viewed by Cointelegraph. Crypto analysis firm […]
Fed Cuts Rates by 25 Basis Points, Bitcoin Price at Record as Powell Says Trump Win Has ‘No Effect’ on Policy
As widely expected by market participants, the U.S. Federal Reserve lowered its benchmark fed funds rate by 25 basis points to 4.5%-4.75% on Thursday, following the footsteps of other central banks to loosen monetary policy. “Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains […]
US Bitcoin National Defense Policy promotes ‘Mutually Assured Preservation’ – Lowery
US Space Force Major and author of “Softwar,” Jason Lowery, calls on the United States to reassess Bitcoin’s role with a US Bitcoin National Defense policy proposal. He contends that Bitcoin represents a strategic tool for national defense by using physical power to secure cyberspace, emphasizing its significance beyond a mere financial asset. Lowery shared the diagram […]
Trump’s win ignites a crypto frenzy that sends bitcoin to a record high
LONDON (AP) — The price of bitcoin hit a new high Wednesday and crypto-related shares rallied as investors bet that former President Donald Trump’s victory in the U.S. presidential election will be a boon for cryptocurrencies. Bitcoin jumped nearly 8% in early trading, climbing above $75,000 and smashing its previous record set in March. Other […]
US shares and Bitcoin hit record highs on Trump win
US shares hit record highs on Wall Street and the dollar posted its biggest gain in eight years as Donald Trump was re-elected to the White House in a historic win. Bitcoin also hit an all-time high, following Trump’s election promise to prioritise the volatile crypto currency. Investors were, however, betting that Trump’s plan to […]
Stocks and bitcoin soar after Trump’s victory, while inflation worries rise; Dow surges 1,200
NEW YORK (AP) — The U.S. stock market, Elon Musk’s Tesla, banks and bitcoin are all storming higher Wednesday as investors bet on what Donald Trump’s return to the White House will mean for the economy and world. Among the losers the market sees: the value of the Mexican peso and potentially anyone worried about […]
Stock futures, bitcoin and dollar surge as election results roll in
US stocks rallied in after-hours trading on Tuesday night and bitcoin hit a new record as Wall Street digested early presidential election results. Futures on the Dow jumped more than 600 points, while the S&P 500 jumped by a half percentage point as early election results streamed in on Tuesday night. The US dollar index […]