Bitcoin Financial News

The price of Bitcoin hit a record high on Tuesday afternoon, continuing its dramatic ascent in the two weeks since Donald Trump’s victory in the presidential election.

President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary

Bitcoin experienced minor selling pressure over the weekend, dropping to $88,700 before quickly recovering to its current level of $91,000. While Bitcoin ETFs saw another week of inflows exceeding $1 billion, Ethereum ETFs also gained momentum, attracting $515 million in inflows over the past week As of 11:54 am IST, Bitcoin was up 0.5%, trading at $90,986, while Ethereum gained 0.65% to $3,130 in the last 24 hours.

MicroStrategy (MSTR) made a massive addition to its bitcoin (BTCUSD) holdings over the past week. Over the six days ending on Sunday, the technology company acquired 51,780 BTC for approximately $4.6 billion, according to a recent regulatory filing.

Nagaraju M on Monday said he is «sceptical» about cryptocurrencies like Bitcoin and stressed on the need to adopt a cautious approach on such assets. Speaking at an event organised by SBI, Nagaraju backed the Reserve Bank's «careful» stance on such assets. It can be noted that the RBI has been vehemently opposing any recognition of crypto over the years on a slew of factors, primarily stemming from the financial stability concerns. «I am also very sceptical of cryptocurrency. Not now, not after becoming the financial secretary. Even as an individual, I am very doubtful of the entire scheme of cryptocurrency,» Nagaraju said speaking at an event organised by SBI.

Canadians have shown “remarkable housing resilience” during the rapid rise in interest rates, but significant risks lie ahead, warns the nation’s housing agency.

Subscribe to enjoy similar stories. A messy fight over who should be President-elect Donald Trump’s Treasury secretary has played out privately at Mar-a-Lago in recent days. It all spilled into public view on Saturday.

Bitcoin since Donald Trump’s US election victory is moderating both in the spot and derivatives markets. The largest digital asset slid below $87,000 at one point on Friday after Federal Reserve Chair Jerome Powell said there was no need to hurry interest-rate cuts. The token later pared back some of its losses trading at $90,265 as of 12:11 p.m. in London.

Bitcoin surged to a record high above $93,400, driven by market optimism over President-elect Donald Trump's pro-crypto stance and expectations of further interest rate cuts by the Federal Reserve. The rally was fuelled by data showing US consumer inflation rose to 2.6% in October, up from 2.4% in September, aligning with market expectations and strengthening the case for a potential 25-basis-point rate cut next month, with market odds rising from 59% to 83%.

interest rate cuts and with the view that President-elect Donald Trump's policies could be inflationary. The dollar has benefited from market expectation that Trump administration policies, including tariffs and tax cuts, could stoke inflation, leaving the Federal Reserve less room to cut interest rates.

A New York judge has rejected an effort by state regulators to shutter a bitcoin mine over concerns about its greenhouse gas emissions

A computer expert who stole bitcoin worth billions of dollars at current prices — and then spent years laundering some of the hacked cryptocurrency with help from his wife — has been sentenced to five years in prison

crypto space being no exception. Following Donald Trump's victory, the market has experienced a surge in crypto prices, marking what many consider the beginning of a new bull run. Anush Jafer, Content Lead at Mudrex Research, discussed the implications of Trump's win on the crypto market and retail investor sentiment during a recent ETMarkets live stream.

Bitcoin saw profit-taking on Friday, trading below $87,500. As of 10:52 am IST, Bitcoin was down 2.7%, trading at $87,498, while Ethereum dropped 5.6% to $3,044 in the last 24 hours.

Subscribe to enjoy similar stories. Bitcoin is now worth more than any U.S.-listed company other than the six biggest. Dogecoin, created as a joke and the first cryptocurrency to have agovernment departmentnamed after it, would make it to the top 200 stocks by value, larger than Johnson Controls International.

Laurence Balanco, CLSA, says for him, the three big trades for 2025, which could have a shelf life of 8 to 12 months are Bitcoin, the fintech ETF where we can see a breakout trend and the travel tech ETF, which has also recently broken out. These are major breakouts from basing patterns that have developed over the past two-and-a-half years. How much more for the dollar before it peaks out? I understand that money is moving into dollars right now, but nothing lasts permanently. At 106, 110, 115, where will the dollar find its long-term peak? Laurence Balanco: Yes, it is an important level right now, 106 to 107. It has basically been the top end of the trading range that we have had since the late 2022 lows and if I look at the sentiment now for the dollar index, it is sitting at 83% bulls, that is towards the extended level where we have typically seen the upside momentum stall out at. So, this is a key resistance zone that has capped the upside over the past 18 months. We would look for some hesitation here at least.

Subscribe to enjoy similar stories. Bitcoin and cryptocurrencies in general got supercharged by Donald Trump’s victory in the US presidential election.

Robinhood Markets (HOOD) is broadening its crypto offerings for U.S. traders, adding tokens like Solana (SOLUSD) and meme coin Pepe (PEPEUSD), as the frenzy continues for Bitcoin (BTCUSD) and other digital assets in the wake of Donald Trump's presidential election win.

Bitcoin broke through the $90,000 level on Wednesday, as its rally showed no signs of easing on expectations that Donald Trump as U.S. president will be a boon for cryptocurrencies. The world's biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and on Wednesday touched record highs. It was last up 5.49% at $93,158, marking a 32% rise since the Nov. 5 election.

Bitcoin's price has been on a tear since election night, hitting a new all-time high of over $93,000 on Wednesday before retreating back below $90,000.

silver December futures contracts were trading at Rs 88,032/kg, down by 0.1.31% or Rs 1,165. In this week so far, Gold prices have fallen by Rs 3,400/10 grams while silver prices fell by Rs 3,200/kg in the same period.