Cryptocurrency Financial News

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.

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.

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.

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.

Donald Trump headed back to the White House after an election in which candidates backed by the crypto industry overwhelmingly won seats in Congress, the stage appears set for a rush of digital-asset mergers. A half-dozen mergers advisers and venture capitalists interviewed by Bloomberg News after Trump’s emphatic victory said they expect a sharp pickup in activity next year. They cited expectations that Trump will follow through on his pledge to remove US Securities and Exchange Commission Chair Gary Gensler, who’s led a years-long crackdown on the industry, as well as for more favorable legislation.

Donald Trump's historic US presidential election victory and the Federal Reserve's 25 basis point interest rate cut. The largest cryptocurrency by market value reached $76,943 in early trade on Friday, surpassing its previous high of $76,460. As of 11:46 am IST, Bitcoin was trading 1.9% higher at $76,043, while Ethereum rose 3.5% to $2,922.

Dogecoin surged over 25% on Wednesday, reaching $0.2068, as Donald Trump sealed the US presidential race after breaching the 270-majority mark of electoral votes. Trump, widely seen as a pro-crypto candidate, has indirectly boosted Dogecoin, with the rally also attributed to Elon Musk's outspoken support for both Dogecoin and Trump. Analysts suggest that a Trump win could be viewed positively by the crypto community, partly due to his recent proposal to establish the Department of Government Efficiency (D.O.G.E.), which he plans to have Musk lead if elected. This move would likely amplify Musk's influence in the crypto sector, potentially boosting interest in Dogecoin, a token Musk has consistently endorsed.

Bitcoin surged to a new all-time high on Wednesday, crossing the $75,000 mark as Donald Trump has sealed the race to White House after breaching the 270-majority mark of electoral votes. The leading cryptocurrency surpassed its previous high of $73,750, reflecting a strong positive response from the market. Donald Trump clinched the White House after securing Wisconsin’s swing state and reaching a majority of 277 electoral votes, setting him up as the USA’s 47th President. The Republican also captured Pennsylvania, along with North Carolina and Georgia, and leads in Michigan.

Bitcoin approaches its all-time high, excitement is building around a potential “altcoin season” across the crypto market. In a recent ETMarkets live stream, Anush Jafer, Content Lead at Mudrex Research, shared insights into how Bitcoin’s price movement could shape the broader cryptocurrency landscape and spark opportunities for altcoins. Jafer highlighted Bitcoin’s resilience in its climb toward previous highs, a journey that has reignited discussions about its role as a market driver. “When Bitcoin reaches these levels, the impact on the entire cryptocurrency market is significant,” Jafer noted, suggesting that Bitcoin’s strength often triggers a market-wide reaction. Historically, Bitcoin rallies have been followed by altcoin surges, known as “altcoin season,” where alternative cryptocurrencies gain traction and attract new capital.

Bitcoin surged to $73,577 in early Asian trade on Wednesday, just $173 shy of its all-time high of $73,750, as investors closely monitored the upcoming US presidential election. However, by 10:40 AM, the leading cryptocurrency was trading 2.2% higher around $72,333.

US elections, Bitcoin prices have climbed over the $71,000 mark for the first time since June. The digital currency increased by more than 2%, reaching $71,310 while other cryptocurrencies, such as Ether and Dogecoin, also saw gains of about 4%. Bitcoin is often linked to Donald Trump’s campaign because he has been vocal about supporting digital assets and even vowed to make the US the crypto capital of the planet while Kamala Harris has called for a regulatory framework for digital assets.

Cryptocurrency markets traded higher on Monday, led by gains in Bitcoin, Dogecoin, Solana, and Dogecoin. The global cryptocurrency market cap increased by 1.53% to approximately $2.32 trillion in the last 24 hours. At 2:07 pm IST, Bitcoin (BTC) was trading 1.7% higher at $68,218, while Ethereum rose by 1.67% to $2,507. Earlier in the day, Bitcoin briefly touched the $68,550 mark.

Bitcoin, BNB, Solana, Tron, and Near Protocol gained up to 4.8%, while Ethereum, Dogecoin, Toncoin, Cardano, Shiba Inu, Avalanche, and Chainlink faced losses of up to 4.2%. The global cryptocurrency market cap rose by 0.13%, reaching approximately $2.31 trillion over the last 24 hours.

cryptocurrency market cap, now standing at approximately $2.31 trillion over the past 24 hours. As of 1:21 pm IST, Bitcoin had fallen 1%, trading at Rs 66,790, while Ethereum dropped 1.8% to Rs 2,602.

cryptocurrency market cap, which now stands at approximately $2.34 trillion over the past 24 hours. As of 12:04 pm IST, Bitcoin was down 2%, trading at $67,731, while Ethereum fell 3.2% to $2,654.

Bitcoin (BTC) and Ethereum (ETH) surged over 2% in Tuesday's trading, with Bitcoin hitting its highest level since July at $65,900 in early trading. As of 11:57 AM IST, Bitcoin was trading 2.3% higher at $65,438, while Ethereum rose 2.8% to $2,603.

Cryptocurrency markets edged higher on Friday, supported by expectations of a Federal Reserve interest rate cut next month, while traders awaited the U.S. Producer Price Index (PPI) report for more direction. Data on Thursday showed that U.S. consumer prices rose slightly more than expected in September, while jobless claims increased to 258,000 in the week ended October 5, versus estimates of 230,000. All eyes are now on the PPI data due at 6:00 pm IST.

Cryptocurrency prices showed mixed trends on Wednesday. Bitcoin (BTC) remained volatile but managed to stay above the $62,000 level, while Ethereum (ETH) continued to hover around $2,400. Solana (SOL) and XRP saw slight dips in the past 24 hours. As of 1:34 pm IST, Bitcoin was down 0.06%, trading at $62,240, while Ethereum gained 0.36% to reach $2,435.

cryptocurrency market cap, which now stands at approximately $2.17 trillion over the past 24 hours. As of 1:34 pm IST, Bitcoin was down 2.1%, trading at $62,264, while Ethereum fell 2.5% to $2,426.

Dogecoin, Tron, Toncoin, Cardano, Shiba Inu, and Chainlink recorded gains of up to 2.5%. The global cryptocurrency market cap declined by 0.23%, reaching approximately $2.13 trillion over the last 24 hours.

Cryptocurrency markets fell sharply on Thursday as geopolitical tensions intensified after Iran launched missile strikes on Israel. Bitcoin dropped below $60,500, while major altcoins such as Ethereum, Solana, XRP, and Dogecoin saw declines ranging from 5-15%. As of 2:49 pm IST, Bitcoin slipped 1.8% to $60,492, while Ethereum plunged 5.4% to $2,339. The global cryptocurrency market cap fell by 3.7% to approximately $2.09 trillion in the past 24 hours.