Cryptocurrency

Bitcoin has surged beyond $76,000 following Donald Trump’s victory in the United States presidential election on Nov. 5. Bitcoin BTC$78,964 analyst PlanB’s stock-to-flow model now projects a $500,000 price target for the asset within the next four-year cycle, based on the model’s historical data and pattern. PlanB pointed to Trump’s proposal to create a national BTC reserve […]

Is it time to pay closer attention to the world’s second-most valuable cryptocurrency? Bitcoin’s (BTC 3.10%) price more than doubled to a record high during the past 12 months. Four catalysts drove that rally: the approvals of Bitcoin’s first spot price exchange-traded funds (ETFs) in January, its latest four-year halving in April, the Federal Reserve’s […]

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 […]

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 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 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 […]

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 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 […]

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 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 […]