Bitcoin Financial News

high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh pockets of wealth and build loyalty with crypto investors. Until recently, only a handful of luxury brands including LVMH watch labels Hublot and Tag Heuer as well as Kering-owned fashion brands Gucci and Balenciaga have experimented with crypto payment offers. In recent weeks, upscale French luxury department store Printemps announced it was teaming up with the world's largest crypto exchange, Binance, and French financial tech company Lyzi to accept cryptocurrencies including bitcoin and ethereum in its stores in France — becoming the first European department store to do so. The move, coming as bitcoin rises, has been noticed by other brands and retailers who are showing interest in joining in.

U.S. stock indexes closed lower and gave back some of their stellar gains for the year

Bitcoin (BTC), the world's largest cryptocurrency by market value, soared to a record high above $106,000 on Monday after US President-elect Donald Trump proposed creating a Bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto investors. BTC reached an all-time high of $106,533 and was trading 2.2% higher at $104,646 in the past 24 hours as of 10:07 AM IST. Ethereum, the second-largest cryptocurrency, also rose 1.5%, trading at $3,954 during the same period.

More than two years after the collapse of cryptocurrency exchange FTX, some of its customers will start getting their money back early next year.

Bitcoin (BTCUSD) prices shattered another record, rising above $107,000 with growing optimism around reports that President-elect Donald Trump may be considering establishing a bitcoin strategic reserve.

— Howard Marks, co-founder Oaktree Capital Management Inc.

Bitcoin rose to a record high on president-elect Donald Trump’s support for digital assets and optimism about the upcoming inclusion of MicroStrategy Inc., an accumulator of the token, in a key US stock gauge.

index, further brightening the prospects of the stock. The $25.7 trillion index that houses the largest non-financial companies will now gain indirect exposure to bitcoin via MicroStrategy, which holds $44 billion worth of the digital currency on its balance sheet, about 2% of the total supply of the world's largest cryptocurrency.

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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 3.1% at $104,493 at 0857 GMT. Smaller crypto ether rose 1.2% to $3,952.

The new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses

Yes, it's called Fartcoin. Yes, it is totally useless.

Bitcoin has achieved a monumental milestone, surpassing the $100,000 mark for the first time in its history. This psychological barrier underscores the growing adoption of digital assets as a legitimate asset class, reshaping the global financial landscape. Speaking at the ETMarkets live stream, Anush Jafer, Content Lead at Mudrex Research, provided insights into this landmark moment and offered guidance for investors navigating the current crypto bull market. A Historic Moment for Bitcoin

For ages, gold has been recognised as an everlasting source of value, offering stability and security, notably amid uncertain periods. In contrast, cryptocurrencies, especially Bitcoin, have emerged as one of the most popular digital assets globally. It runs on a decentralised network and is resistant to government intervention. Despite phases of intense volatility and dramatic price declines, Bitcoin's overall trend has been upward throughout its existence. This has further generated curiosity as a possible long-term store of value to hedge against inflation and market instability. Moreover, Bitcoin is also called «digital gold”, grabbing the attention of both investors and organisations due to its decentralised structure, finite quantities and capacity to facilitate seamless transactions globally.

Iran’s capital and outlying provinces have faced rolling power blackouts for weeks in October and November, with electricity cuts disrupting people’s lives and businesses

Vancouver adopted a policy that could lead to it using bitcoin in city finances — prompted in part by the return of U.S. president-elect Donald Trump.

Trump and his new Middle East envoy, billionaire Steve Witkoff, has partnered with a crypto platform that authorities and financial experts say has been used by criminals and Iran-backed militant groups Hamas and Hezbollah. World Liberty Financial Inc, founded by the Witkoff family two months before November's U.S. election with Trump as a financial beneficiary, presents concerns over ethics and conflicts of interest, say six specialists in U.S. government ethics. Among their biggest concerns is World Liberty's new partner: Tron crypto platform.

Bitcoin traded slightly higher at $97,434 on Tuesday, still down over $6,400 from last week's all-time high of $103,900, ahead of key U.S. inflation data later in the day, which is expected to provide insights into future rate trajectories. As of 10:46 am IST, Bitcoin was up 0.8%, trading at $97,434, while Ethereum fell 1.1% to $3,664. During the session, BTC reached a high of $98,270 and a low of $94,321.

Bitcoin following a 10% gain in October. Bitcoin has hit six figures for the first time and is now consolidating around $100,000. The path to $150,000 and above is set in this cycle with analysts predicting a strong first quarter of 2025 for the asset class overall. Bitcoin is now trading in uncharted territory while the overall crypto market cap has broken through to $3.6 trillion.

DLF’s record-breaking Rs 190 crore apartment at The Camellias has drawn comparisons with various investment benchmarks, including Bitcoin. At a current Bitcoin price of approximately Rs 82 lakh (or $97,000 as of 10th December 2024), purchasing this ultra-luxurious property would require nearly 231 Bitcoins. The deal, which saw the purchase of a stunning 16,290-square-foot penthouse by Rishi Parti, founder and Managing Director of Info-x Software Technology, marks one of the largest real estate deals in Delhi-NCR. The property, located in the exclusive Golf Course Road area of Gurugram, underscores the growing demand for high-end real estate in the city.

Bitcoin surged past the $100,000 mark on Thursday after an as-expected reading of U.S. consumer inflation cemented bets for a Federal Reserve interest-rate cut next week. The U.S. consumer price index (CPI) rose 0.3% month-on-month and 2.7% year-on-year in November, aligning with expectations. This boosted the probability of a 25-basis-point rate cut to 99%, up from 89% a day earlier, as per CME FedWatch.