Cryptocurrency

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 […]

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 […]

Bitcoin set a new all-time high Tuesday night, amid strong early results for Donald Trump in the 2024 presidential election. Why it matters: It indicates confidence from the market in Trump’s chance of winning and ushering in a much more pro-crypto regulatory environment. By the numbers: At 8am ET Tuesday morning, bitcoin (BTC) traded for $68,710, according to CoinGecko. As of […]

The dollar was set for its biggest one-day rise since March 2023 against major peers on Wednesday and bitcoin jumped to an all-time high, with traders increasingly confident of a U.S. election victory for former president Donald Trump. Republican Trump claimed victory in the 2024 presidential contest after Fox News projected he had defeated Democrat […]

Bitcoin (BTC) is struggling for direction a day before the United States presidential election, with polls depicting a tight race between Former President Donald Trump and Vice President Kamala Harris. Here’s what analysts are predicting for Bitcoin as the standoff between Trump and Harris approach. Bitcoin could hit $80-90K if Trump wins The Bitcoin price will likely reach […]

Fundstrat Global Advisors’ Tom Lee and analysts from Bernstein predict robust markets heading into 2025, regardless of the results of the upcoming US presidential election. While Lee expects a broader market rally across sectors, Bernstein highlighted Bitcoin’s (BTC) resilience amid political uncertainty. Tom Lee, managing partner and head of research at Fundstrat, recently shared his […]

Deutsche Telekom plans to venture into Bitcoin mining, in a positive sign of adoption for the world’s first cryptocurrency. Deutsche Telekom, Europe’s largest telecommunications provider, announced a new Bitcoin BTC$68,378 mining project using surplus energy from renewable sources that would otherwise remain unused. The mining project, called “Digital Monetary Photosynthesis,” is developed by Deutsche Telekom’s subsidiary MMS […]

Strive Enterprises, an asset management firm co-founded by former United States presidential candidate Vivek Ramaswamy, announced a new wealth management unit on Nov. 1 that integrates Bitcoin into client portfolios. “A key part of this business will include a focus on integrating Bitcoin into standard portfolios of everyday Americans as a hedge against risks Strive […]

Crypto market liquidations almost hit $350 million as Bitcoin briefly dipped below $69,000, with traders seeming jittery in the lead-up to the United States presidential election on Nov. 5. In all, $349.8 million was liquidated across $259.7 million long bets and $90.1 million short bets on Nov. 3, according to CoinGlass. It was the biggest day of liquidations since […]

The price of Bitcoin could swing at least 10% depending on which United States presidential candidate wins the election on Nov. 5, according to a trader, as Bitcoin volatility recently jumped to its highest point in three months. In a Nov. 4 post, pseudonymous trader Daan Crypto Trades told his 389,000 X followers that Bitcoin’s BTC$68,863 weekly close […]