Bitcoin Financial News

crypto as the optimism sparked by President-elect Donald Trump’s embrace of the sector begins to cool. Bitcoin fell below $95,000 at one point on Tuesday, while an index of smaller digital assets slid as much as 15%, one of its biggest intraday drops of 2024.

Trump courted crypto campaign dollars with promises to be a «crypto president» and end the Biden administration's crackdown on the sector, but banks are nevertheless unlikely to rush head-first into the volatile asset, bankers said.

Vancouver city council has voted to explore ways to make the municipality a “Bitcoin-friendly city.”

Bitcoin prices slid sharply to $94,355 on Tuesday, down from last week's all-time high of $103,900, as markets brace for U.S. inflation data. U.S. CPI data, due on Wednesday, will influence the Federal Reserve's rate trajectory. The odds of a 25 basis point rate cut at the Fed's policy meeting on December 18 is at 86%, according to CME FedWatch.

If you’ve been following Bitcoin’s recent price increase, you’re not alone. The price of Bitcoin rose to a new all-time high of over $100,000 on Dec. 5—its first time hitting a price of six digits.This came shortly after President-elect Donald Trump’s promise of a crypto-friendly administration. It has since fallen closer to $95,000, but it’s still more than double what it was a year ago.

City council is set to debate a proposal by Mayor Ken Sim to make Vancouver a “Bitcoin-friendly city” on Wednesday.

MicroStrategy (MSTR) bought more bitcoin (BTCUSD) last week, for the fifth week in a row.

Bitcoin traded near its all-time high of $100,000 ahead of a critical week featuring central bank meetings and US inflation data, which could pave the way for lower borrowing costs and further policy easing. However, BTC slipped 1% in early trading, with Altcoins also declining. As of 11:30 am IST, Bitcoin was down 0.8%, trading at $99,043, while Ethereum fell 1.6% to $3,915. During the session, BTC reached a high of $101,399 and a low of $98,579.

Bitcoin prices fell sharply from a record high of $103,583, dipping below $94,000 before rebounding to $97,000 on Friday, just a day after reaching historic levels. The cryptocurrency's market capitalization also dropped below $2 trillion, a level it had briefly surpassed on Thursday. As of 11:30 PM, Bitcoin was down 4.5%, trading at $97,924, while Ethereum rose 1.2%, reaching $3,893.

Bitcoin past $100,000 for the first time is spilling over into the long-battered crypto lending sector, with decentralised finance applications leading the way this time. Bitcoin’s funding rate — the premium paid by traders to open long positions in the perpetual futures market — skyrocketed in November, and is up more than 10 times from what it was in early June, indicating a rising thirst for leverage, according to digital-asset data tracker CoinGlass. Bitcoin has more than doubled this year, topping $100,000 on Wednesday for the first time amid optimism crypto will move further into the mainstream during the upcoming Trump administration.

ET. The executive, who was in India last week, mentioned that Bitget has been actively engaging with regulators over the past few months to obtain the necessary approvals for its local operations. In a conversation with ET’s Vinod Mahanta, Zade discusses Bitget’s plans for India, the impact of the Trump presidency on cryptocurrencies, the ongoing bull run, and the evolving role of crypto in a post-AI world. Edited excerpts: Q) Do you think that crypto has a future in countries like India where regulators are not in favour of digital currencies? As a company, we firmly believe that having regulations is far better than having none at all. Recently, I’ve had the opportunity to engage with some regulators in India, as compliance is a key priority for us. Binance has recently secured registration to operate in India and we are looking forward to getting ours from authorities.

Vancouver could move to integrate bitcoin into city finances in the slipstream of the digital token’s surge to an all-time high above US$100,000, a rally fuelled by U.S. President-elect Donald Trump’s support for crypto.

Ether (ETHUSD) exchange-traded funds (ETFs) recorded their best day of net inflows Thursday, just a day after bitcoin (BTCUSD) crossed $100,000 and then promptly fell below that level.

Bitcoin (BTCUSD) soared past $100,000 for the first time Wednesday night, and analysts think it could stay there.

Bitcoin, the world’s largest cryptocurrency by market value, crossed the $100,000 mark for the first time on Thursday, December 5. The surge is fuelled by expectations of a more crypto-friendly regulatory environment under President-elect Donald Trump. Trump embraced digital assets during his campaign, promising to make the US the “crypto capital of the planet” and to accumulate a national stockpile of Bitcoin.

Bitcoin’s surge past the $100,000 milestone has attracted global attention, with many linking the rally to geopolitical shifts and influential endorsements, including Russian President Vladimir Putin's recent pro-crypto comments. At a recent investment conference, Putin criticized the vulnerabilities of holding state reserves in foreign currencies, especially in light of Western nations freezing $300 billion of Russia's reserves after the Ukraine war. He argued that these reserves could easily be confiscated for political reasons and emphasized the need for alternatives, including cryptocurrencies. «Why accumulate reserves if they can be lost so easily?» he questioned, advocating for investments in domestic infrastructure, science, and technology.

cryptocurrency entrepreneur and founder of the blockchain platform Tron, Justin Sun— with a net worth of at least $1.4 billion— has spent $6.2 million on Maurizio Cattelan’s viral artwork «Comedian»—a banana duct-taped to a wall— amid a historic boom for digital assets. The high-profile purchase underscores how crypto wealth is reshaping investment trends and cultural value. The conceptual work created by the Italian artist was sold at an auction in New York on November 20, with Justin Sun comparing that conceptual art to NFT (non-fungible token) art and decentralised blockchain technology, The Guardian had reported.

The Australian transaction reports and analysis centre (AUSTRAC) said its findings showed cryptocurrency was increasingly being exploited for money laundering, scams and money mule activities. AUSTRAC's taskforce will ensure digital currency exchanges that provide crypto ATM services have robust practices in place to minimise the risk of their machines being used to move money associated with scams or fraud, the government agency said.

Ola Electric shares will be in focus on Friday after the Central Consumer Protection Authority (CCPA) requested additional documents and information from the electric two-wheeler manufacturer in connection with a previously issued show cause notice. The communication, sent via email on December 4, gives the company 15 days to submit its response, Ola Electric said in a filing with stock exchange Thursday.

El Salvador's President Nayib Bukele is triumphant about his big bet on bitcoin as the cryptocurrency reached historic highs, surpassing $100,000 for the first time