Bitcoin Financial News

The bitcoin rally is generating a false sense of security among investors, according to the strategist behind the so-called granddaddy of gold exchange-traded funds.

Bitcoin touched a fresh record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration. It has more than doubled in value this year and is up about 45% in the two weeks since Trump's sweeping election victory, which has also seen a slew of pro-crypto lawmakers being elected to Congress.

Asian stock rise following gains on Wall Street after market superstar Nvidia and other companies said they’re making even fatter profits than expected

Bitcoin reached a new record high on Thursday, surpassing $97,000 for the first time, fueled by growing expectations that US president-elect Donald Trump will push forward measures to ease regulation of cryptocurrencies. At 10:35 AM IST, Bitcoin's price hit $97,532, with analysts predicting that the $100,000 milestone could soon be within reach.

Wall Street as investors shook off initial concerns over Nvidia Corp.’s revenue outlook. Bitcoin edged closer to $100,000 while the dollar gained. Shares in Australia and Japan advanced. An index of US-listed Chinese stocks fell 1% Thursday, running against the grain of trading in New York but partly reflecting selling in Hong Kong stocks in their most recent session.

Bitcoin's march toward $100,000 made further ground on Thursday as investors bet a friendlier U.S. regulatory approach to cryptocurrencies under President-elect Donald Trump will unleash a boom era for the asset class. Bitcoin prices topped $96,000 for the first time in Asia trade, touching a high just above $96,898.

The bitcoin price topped $98,000 for the first time during European trading and was last up around 2.4% at $96,779.

Subscribe to enjoy similar stories. Every Friday, Plain Facts publishes a compilation of data-based insights, with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. The shares of Adani group companies plunged on Thursday after the US indicted chairman Gautam Adani and other executives for allegedly bribing Indian officials.

Bitcoin (BTCUSD) briefly surged past $99,000 Thursday, creating another price record as investors, big and small, can't seem to get enough of the cryptocurrency.

Securities and Exchange Commission Chair Gary Gensler will step down from his post on January 20

Bitcoin hit a record Thursday, topping $95,000 for the first time as it benefits from expectations that president-elect Donald Trump will push through measures to ease regulation of the unit. The digital currency reached $95,004.50 in early Asian trade, with observers expecting it to soon reach $100,000.

Bitcoin is jumping again, rising above $98,000 for the first time Thursday

Bitcoin rose to a record high above $94,000 as a report that Donald Trump's social media company was in talks to buy crypto trading firm Bakkt added to hopes of a cryptocurrency-friendly regime under the incoming Trump administration. Bitcoin, the world's biggest and best-known cryptocurrency, has more than doubled this year. It was last at $92,104 in Asian hours on Wednesday, having touched a record high $94,078 just toward the end of the previous session.

crypto trading firm Bakkt boosted expectations of a crypto-friendly regime under his incoming administration. Bitcoin, the world's biggest and best-known cryptocurrency, has more than doubled this year. It was last at $94,291 just under a record high of $94,378.

Maharashtra Congress chief Nana Patole on Wednesday slammed the BJP for dragging him in its allegations of Bitcoins misappropriation to influence the state polls and said he would take the legal route to fight the «fake» charges against him. Talking to reporters after casting his vote in Bhandara district, Patole said he is a farmer and has nothing to do with Bitcoins. The BJP on Tuesday played purported voice notes of Patole and NCP (SP) leader Supriya Sule to allege attempts to encash Bitcoins to influence the state assembly elections, claiming it poses a serious question on the conduct of polls in a free and fair manner. Sharing the audios in which the voices and signal chats purportedly belonging to the two opposition leaders stress the Bitcoin transactions for allegedly funding their poll campaign, BJP spokesperson Sudhanshu Trivedi said it is clear that the MVA has seen the writing on the wall that it is facing defeat in the polls.

Supriya Sule and Nana Patole for their alleged involvement in using Bitcoins illegally to fund elections, and claimed their roles will surface during the probe. BJP spokesperson Sambit Patra also targeted Congress leaders Sonia Gandhi and Rahul Gandhi, and asked the Leader of Opposition in the Lok Sabha to hold a press conference on the issue. In a press conference, Patra rejected the opposition's claim that the BJP was behind the «conspiracy» to target them amid the Maharashtra polls as he claimed that the suspected crypto currency fraud occurred years back and the opposition alliance used the money in previous elections as well. It appears that the money involved so far in this scam is Rs 235 crore, he claimed.

Bitcoin (BTC) experienced a dip over the weekend, falling to $88,700. However, the cryptocurrency saw renewed buying interest on Tuesday, climbing back to $91,400. As of 11:05 am IST, Bitcoin had gained 0.8%, trading at $91,454, while Ethereum rose 0.38% to $3,126 over the past 24 hours.

U.S. dollar slipped to a one-week low versus major peers on Wednesday, looking to extend a three-day decline from a one-week peak as the market catches its breath following the frantic rally in the wake of Donald Trump's election. A boost to the dollar and other traditional safe-haven currencies like the yen overnight proved short-lived, after Russia's foreign minister said the country will «do everything possible» to avoid the onset of nuclear war, hours after Moscow announced it would lower its threshold for a nuclear strike.

Supriya Sule and Congress' Nana Patole had used Bitcoin scam tainted cash to fund polls has blown out into an all-out political war on polling day. Supriya Sule on Wednesday refuted all allegation levelled against her saying all the allegations are completely false. Speaking to ANI, Sule said, «I have filed a defamation case and a criminal case. I am ready to answer his (Sudhanshu Trivedi) 5 questions wherever he wants. Time of his choice, place of his choice and platform of his choice. I am ready to answer him because all the allegations are completely false. All lies»

Donald Trump has chosen Howard Lutnick to be the next Commerce Secretary. Lutnick heads the brokerage and investment bank Cantor Fitzgerald. The Commerce Department oversees a variety of areas including computer chip factory funding, trade restrictions, economic data, and weather monitoring. The position also requires strong ties to business leaders. Lutnick served as co-chair of Trump's transition team alongside Linda McMahon. He also appeared on Trump's show «The Apprentice.»

Bitcoin (BTCUSD) will likely remain on watchlists Wednesday as the largest cryptocurrency by market capitalization nudges towards the $100K mark.