Bitcoin has reached a new record high, soaring over 50% since Donald Trump’s election victory on November 5. The cryptocurrency briefly topped $106,000 before settling around $105,000 during Asian trading hours. Many investors believe the incoming Trump administration will be more supportive of cryptocurrencies compared to the Biden era. Trump has hinted at creating a ...
Macro expert Luke Gromen argues that the U.S. may need to elevate Bitcoin to a neutral reserve asset, especially in light of national security concerns stemming from Russia’s actions in Ukraine. He believes this shift might help revive U.S. industries weakened by reliance on the fiat currency system, which has hindered defense manufacturing. Gromen sees ...
World Liberty, associated with Trump’s ventures, has made significant strides in the cryptocurrency Market with recent acquisitions. Just hours ago, they spent 250,000 USDC to buy 134,216 ONDO tokens. Their investments since November 30 include 30 million USDC for 8,105 ETH at $3,701 each, 10 million USDC for 103 cbBTC at $97,181 each, and 2 ...
A fake video of Elon Musk claiming a $20 million cryptocurrency giveaway has gone viral, causing confusion among viewers. In the deepfake clip, Musk promotes a website called Elon4u.com, urging people to join the giveaway quickly. However, the video has been debunked as a scam, with crypto consultant DogeDesigner warning users not to fall for ...
The idea of countries holding bitcoin as a reserve currency is gaining traction, with reports indicating that 13 nations are already doing so. Russia is pushing for its central bank to consider bitcoin, while countries in the Gulf Cooperation Council are exploring similar options. Bitcoin’s decentralized nature makes it appealing as a hedge against inflation ...
Bitcoin has hit a new all-time high of $106,648, continuing its bullish momentum after a 3.32% rally last week. Meanwhile, Ethereum is flirting with the $4,000 resistance level; if it can close above this mark, it may surge further. On the other hand, Ripple is showing signs of caution as it trades around $2.40, having ...
Treasury Secretary Janet Yellen has urged the next administration to maintain key financial regulations that oversee banks’ capital, liquidity, and risk management. In a recent interview, she acknowledged the current system’s flaws but stressed that it is not fundamentally broken. Yellen cautioned against drastic changes, especially concerning bank deposit insurance, citing the potential for financial ...
Bitcoin reached a new all-time high of over $106,000 as investors anticipated a likely interest rate cut from the Federal Reserve. This rally saw Bitcoin rise by more than 4%, while Ether also gained 4%, approaching the $4,000 mark. The overall cryptocurrency Market, represented by the CoinDesk 20 index, also recorded a 4% increase. Despite ...
Michael Saylor, co-founder of MicroStrategy, has raised eyebrows with hints of a potential new Bitcoin purchase after the company joined the Nasdaq-100 Index. His recent social media posts suggest that MicroStrategy may soon add to its already impressive portfolio of over 171,000 BTC, which amounts to an investment exceeding $15 billion. This acquisition would mark ...
This year, Bitcoin has made significant strides into the mainstream, but not everyone is convinced. Renowned American investor Dennis Gartman recently stated that he won’t invest in Bitcoin, expressing his surprise at its popularity. He believes Bitcoin’s value, while recognized in recent months, might not be genuine. Gartman favors traditional investments like gold, which has ...
