A sharp bitcoin price correction triggered by stronger-than-expected U.S. economic indicators has sent shockwaves through markets. The data has weighed on Wall Street, raising fresh concerns about the Federal Reserve's interest rate trajectory for 2025. Watch in for more details!

Bitcoin slides the most in two weeks back below $100,000

Bitcoin (BTC) is celebrating its 16th anniversary this week.&nbsp;Bitcoin&rsquo;s first block, known as the &ldquo;Genesis Block,&rdquo; was mined on January 3, 2009, by its pseudonymous creator Satoshi Nakamoto. He introduced the first 50 BTCs into circulation. Since then, over 877,000 blocks have been mined.
However, the network's mining difficulty has reached a new all-time high of 109.78 trillion hashes.
The difficulty surge indicates that the computational effort required to mine Bitcoin has increased significantly. This ensures greater security for the network. Bitcoin&rsquo;s mining process, known as hashing, involves powerful machines processing data to add new blocks to the blockchain, a record of transactions.&nbsp; 
Also read: <a href="https://www.wionews.com/business-economy/feds-rate-cut-sparks-inflation-concerns-market-selloff-785158">Fed's rate cut sparks inflation concerns, market selloff</a>
<h2>Next halving event</h2>
With Bitcoin&rsquo;s next halving event in 2028, miners will also see their rewards for mining new blocks reduced by half. This deflationary mechanism ensures a controlled supply of Bitcoin, contributing to its scarcity and long-term value.&nbsp;
The rise in mining difficulty aligns with Bitcoin&rsquo;s ongoing evolution, contributing to the integrity and security of the cryptocurrency.&nbsp;
Also read: <a href="https://www.wionews.com/business-economy/north-korean-cyber-actors-were-behind-the-308-million-cryptocurrency-heist-says-us-and-japan-786407">North Korean cyber actors behind $308 million cryptocurrency heist, say US and Japan</a>
<h2 data-pm-slice="0 0 []">Price action</h2>
Bitcoin achieved a new all-time high (ATH) by surpassing the $100,000 mark in the second half of last year. On December 4, 2024, Bitcoin's price reached a peak of $103,619 by the end of the day, according to market data from various exchanges.

Business & Economy: Bitcoin marks its 16th anniversary with mining difficulty hitting a record high of 109.78 trillion hashes. The 2028 halving event will also reduce rewards.

Bitcoin (BTC) is celebrating its 16th anniversary this week. Bitcoin’s first block, known as the “Genesis Block,” was mined on January 3, 2009, by its pseudonymous creator Satoshi Nakamoto. He introduced the first 50 BTCs into circulation. Since then, over 877,000 blocks have been mined. However, the network's mining difficulty has reached a new all-time high of 109.78 trillion hashes. The difficulty surge indicates that the computational effort required to mine Bitcoin has increased significantly. This ensures greater security for the network. Bitcoin’s mining process, known as hashing, involves powerful machines processing data to add new blocks to the blockchain, a record of transactions. Also read: Fed's rate cut sparks inflation concerns, market selloff Next halving event With Bitcoin’s next halving event in 2028, miners will also see their rewards for mining new blocks reduced by half. This deflationary mechanism ensures a controlled supply of Bitcoin, contributing to its scarcity and long-term value. The rise in mining difficulty aligns with Bitcoin’s ongoing evolution, contributing to the integrity and security of the cryptocurrency. Also read: North Korean cyber actors behind $308 million cryptocurrency heist, say US and Japan Price action Bitcoin achieved a new all-time high (ATH) by surpassing the $100,000 mark in the second half of last year. On December 4, 2024, Bitcoin's price reached a peak of $103,619 by the end of the day, according to market data from various exchanges.

16 years of Bitcoin: Why the battle for mining just got harder

In this WION exclusive, Henri Arslanian, author and co-founder of a crypto hedge fund, shares insights into the evolving world of digital assets. Arslanian also delves into the debate between crypto and gold, as well as the role of young leaders in driving crypto adoption. Listen in to this insightful conversation.

‘Bitcoin is similar to gold’: WION’s exclusive with Henri Arslanian

As Bitcoin’s value continues to soar, luxury brands are seizing the opportunity to tap into this new pool of wealth. French luxury department store Printemps has partnered with the world’s largest crypto exchange, Binance, and financial tech company Lyzi to accept Bitcoin and Ethereum in its stores. This makes Printemps the first European department store to accept cryptocurrency payments.

Luxury Brands Embrace Cryptocurrency Payments As Bitcoin Surges

Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap into fresh pockets of wealth and build loyalty with crypto investors.&nbsp;

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.

“There have been quite a few calls – it’s generated interest,” said David Princay, president of Binance France, who said the company is in talks with other luxury labels.

Luxury lighter and pen maker S.T. Dupont told Reuters it aims to accept cryptocurrency payments in two Paris stores before the holidays.

<a href="https://www.wionews.com/business-economy/bitcoin-hits-106000-amid-trumps-pro-crypto-push-784305">Also read:&nbsp;Bitcoin hits $106,000 amid Trump’s pro-crypto push</a>

In the realm of experiences, cruise company Virgin Voyages began this month offering its first product accepting Bitcoin as a payment option – a $120,000 annual pass for up to a year of sailing on its cruise ships.

Regulators have long warned that cryptocurrencies like bitcoin are high-risk assets, with limited uses in the real world. High volatility has been another barrier to wide adoption as a means of payment.

But pledges of support from U.S. President-elect Donald Trump, who is expected to bring in more friendly e-currency regulation, have fueled record-breaking rises for Bitcoin. S&amp;P analysts say the narrative is starting to shift, noting that blockchain innovation in financial markets could increase predictability for cryptocurrencies.

<h2>Seeking innovative branding</h2>

Luxury labels have long sought to cater to affluent shoppers from the tech industry by opening stores in upscale Silicon Valley malls and issuing products like the Hermes Apple Watch, for example, which combines signature, stitched leather straps of the French Birkin bag maker with tech giant Apple’s connected timepiece.&nbsp;

Now, the new wealth generated by Bitcoin’s recent highs – topping $107,000 on Monday – comes as the luxury industry faces its biggest slump in years and searches for new sources of growth.

Offering cryptocurrency payments can be a way for companies to brand themselves as innovative rather than “a stuffy old brand that’s only selling to the boomers,” said Andrew O’Neill, digital assets lead analyst at S&amp;P Global Ratings.

The payment option remains largely symbolic. Retailers usually reconvert the funds to euros or dollars to offset risks of volatility, while for most shoppers, payment methods are seen overall as “something that’s been solved” already by such transaction platforms as PayPal or Venmo, said O’Neill.&nbsp;

Watch |&nbsp;Bitcoin Smashes Records as Trump Signals Strategic Reserve Plans

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But for bitcoin investors who have seen a strong rise in the value of their investment, luxury goods – a designer handbag or high-end watch – are an obvious choice for diversifying one’s portfolio, analysts say.

In a sign of growing interest from designer labels, Balenciaga recently issued a leather card holder designed to hold “Stax” hardware from crypto wallet company Ledger. The black leather accessory, which retails for 350 euros ($368), includes a keychain and Eiffel Tower charm, and an NFC chip fitted underneath the brand logo. Ledger’s Stax Crypto hardware, its recently developed higher-end hardware with a curved touch screen, sells for $399 at Best Buy . The company’s “Flex” hardware, which resembles a mini Amazon Kindle, sells for $249 while the “Nano” version, which looks like a USB key, sells for $79.&nbsp;

Gregory Boutte, chief client and digital officer for luxury conglomerate Kering, has described the group’s strategy when it comes to technology as “test and learn” rather than “wait and see.” He emphasized the embrace of new technologies as key to reaching younger and Asian clientele.

Kering’s star label, Gucci, has since 2022 made purchases available through 10 cryptocurrencies for most of its products in the United States.&nbsp;

Printemps is working to expand its crypto payments service to New York City, where it plans to open a multibrand retailer in the Wall Street district in March.

Bitcoin’s rise in late 2021 prompted an initial flurry of interest from luxury brands with Tag Heuer, headed at the time by LVMH luxury scion Frederic Arnault, as well as Gucci, accepting payments in cryptocurrency the following year for some purchases in the United States.&nbsp;

One crypto advocate who recently used digital assets to make luxury purchases is Eunice Wong, an investor and influencer known as “Eunicorn.”

Wong said she used cryptocurrency to buy several high-end watches this year including an Audemars Piguet Royal Oak model. However she is not interested in being drawn in by high-end brands seeking to build a closer client relationship, preferring to bypass traditional retail stores and sales routines. That takes too much time, in her view. “If I will buy, I’ll buy on the secondary market, not through them,” she told Reuters. “I want it now.”

Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION&nbsp;audience.

Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap into fresh pockets of wealth and build loyalty with crypto investors.

Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap into 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. “There have been quite a few calls – it’s generated interest,” said David Princay, president of Binance France, who said the company is in talks with other luxury labels. Luxury lighter and pen maker S.T. Dupont told Reuters it aims to accept cryptocurrency payments in two Paris stores before the holidays. Also read: Bitcoin hits $106,000 amid Trump’s pro-crypto push In the realm of experiences, cruise company Virgin Voyages began this month offering its first product accepting Bitcoin as a payment option – a $120,000 annual pass for up to a year of sailing on its cruise ships. Regulators have long warned that cryptocurrencies like bitcoin are high-risk assets, with limited uses in the real world. High volatility has been another barrier to wide adoption as a means of payment. But pledges of support from U.S. President-elect Donald Trump, who is expected to bring in more friendly e-currency regulation, have fueled record-breaking rises for Bitcoin. S&P analysts say the narrative is starting to shift, noting that blockchain innovation in financial markets could increase predictability for cryptocurrencies. Seeking innovative branding Luxury labels have long sought to cater to affluent shoppers from the tech industry by opening stores in upscale Silicon Valley malls and issuing products like the Hermes Apple Watch, for example, which combines signature, stitched leather straps of the French Birkin bag maker with tech giant Apple’s connected timepiece. Now, the new wealth generated by Bitcoin’s recent highs – topping $107,000 on Monday – comes as the luxury industry faces its biggest slump in years and searches for new sources of growth. Offering cryptocurrency payments can be a way for companies to brand themselves as innovative rather than “a stuffy old brand that’s only selling to the boomers,” said Andrew O’Neill, digital assets lead analyst at S&P Global Ratings. The payment option remains largely symbolic. Retailers usually reconvert the funds to euros or dollars to offset risks of volatility, while for most shoppers, payment methods are seen overall as “something that’s been solved” already by such transaction platforms as PayPal or Venmo, said O’Neill. Watch | Bitcoin Smashes Records as Trump Signals Strategic Reserve Plans × But for bitcoin investors who have seen a strong rise in the value of their investment, luxury goods – a designer handbag or high-end watch – are an obvious choice for diversifying one’s portfolio, analysts say. In a sign of growing interest from designer labels, Balenciaga recently issued a leather card holder designed to hold “Stax” hardware from crypto wallet company Ledger. The black leather accessory, which retails for 350 euros ($368), includes a keychain and Eiffel Tower charm, and an NFC chip fitted underneath the brand logo. Ledger’s Stax Crypto hardware, its recently developed higher-end hardware with a curved touch screen, sells for $399 at Best Buy . The company’s “Flex” hardware, which resembles a mini Amazon Kindle, sells for $249 while the “Nano” version, which looks like a USB key, sells for $79. Gregory Boutte, chief client and digital officer for luxury conglomerate Kering, has described the group’s strategy when it comes to technology as “test and learn” rather than “wait and see.” He emphasized the embrace of new technologies as key to reaching younger and Asian clientele. Kering’s star label, Gucci, has since 2022 made purchases available through 10 cryptocurrencies for most of its products in the United States. Printemps is working to expand its crypto payments service to New York City, where it plans to open a multibrand retailer in the Wall Street district in March. Bitcoin’s rise in late 2021 prompted an initial flurry of interest from luxury brands with Tag Heuer, headed at the time by LVMH luxury scion Frederic Arnault, as well as Gucci, accepting payments in cryptocurrency the following year for some purchases in the United States. One crypto advocate who recently used digital assets to make luxury purchases is Eunice Wong, an investor and influencer known as “Eunicorn.” Wong said she used cryptocurrency to buy several high-end watches this year including an Audemars Piguet Royal Oak model. However she is not interested in being drawn in by high-end brands seeking to build a closer client relationship, preferring to bypass traditional retail stores and sales routines. That takes too much time, in her view. “If I will buy, I’ll buy on the secondary market, not through them,” she told Reuters. “I want it now.” Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Luxury brands to consider accepting crypto payments as bitcoin soars

The pioneers of the first exchange-traded funds to invest directly into bitcoin look to be in danger of falling behind in this record-breaking year for the og token. Canada was the first country to allow Bitcoin ETFs in February 2021. As a result, global investors, including Canada, poured billions of dollars into the digital currency.

Bitcoin Rally Leaves the World's Original Crypto ETFs Behind

Paris, France
Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap into 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.
“There have been quite a few calls – it’s generated interest,” said David Princay, president of Binance France, who said the company is in talks with other luxury labels.
Luxury lighter and pen maker S.T. Dupont told Reuters it aims to accept cryptocurrency payments in two Paris stores before the holidays.
<a href="https://www.wionews.com/business-economy/bitcoin-hits-106000-amid-trumps-pro-crypto-push-784305">Also read: Bitcoin hits $106,000 amid Trump’s pro-crypto push</a>
In the realm of experiences, cruise company Virgin Voyages began this month offering its first product accepting Bitcoin as a payment option – a $120,000 annual pass for up to a year of sailing on its cruise ships.
Regulators have long warned that cryptocurrencies like bitcoin are high-risk assets, with limited uses in the real world. High volatility has been another barrier to wide adoption as a means of payment.
But pledges of support from U.S. President-elect Donald Trump, who is expected to bring in more friendly e-currency regulation, have fueled record-breaking rises for Bitcoin. S&amp;P analysts say the narrative is starting to shift, noting that blockchain innovation in financial markets could increase predictability for cryptocurrencies.
<h2>Seeking innovative branding</h2>
Luxury labels have long sought to cater to affluent shoppers from the tech industry by opening stores in upscale Silicon Valley malls and issuing products like the Hermes Apple Watch, for example, which combines signature, stitched leather straps of the French Birkin bag maker with tech giant Apple’s connected timepiece. 
Now, the new wealth generated by Bitcoin’s recent highs – topping $107,000 on Monday – comes as the luxury industry faces its biggest slump in years and searches for new sources of growth.
Offering cryptocurrency payments can be a way for companies to brand themselves as innovative rather than “a stuffy old brand that’s only selling to the boomers,” said Andrew O’Neill, digital assets lead analyst at S&amp;P Global Ratings.
The payment option remains largely symbolic. Retailers usually reconvert the funds to euros or dollars to offset risks of volatility, while for most shoppers, payment methods are seen overall as “something that’s been solved” already by such transaction platforms as PayPal or Venmo, said O’Neill. 
Watch | Bitcoin Smashes Records as Trump Signals Strategic Reserve Plans
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But for bitcoin investors who have seen a strong rise in the value of their investment, luxury goods – a designer handbag or high-end watch – are an obvious choice for diversifying one’s portfolio, analysts say.
In a sign of growing interest from designer labels, Balenciaga recently issued a leather card holder designed to hold “Stax” hardware from crypto wallet company Ledger. The black leather accessory, which retails for 350 euros ($368), includes a keychain and Eiffel Tower charm, and an NFC chip fitted underneath the brand logo. Ledger’s Stax Crypto hardware, its recently developed higher-end hardware with a curved touch screen, sells for $399 at Best Buy . The company’s “Flex” hardware, which resembles a mini Amazon Kindle, sells for $249 while the “Nano” version, which looks like a USB key, sells for $79. 
Gregory Boutte, chief client and digital officer for luxury conglomerate Kering, has described the group’s strategy when it comes to technology as “test and learn” rather than “wait and see.” He emphasized the embrace of new technologies as key to reaching younger and Asian clientele.
Kering’s star label, Gucci, has since 2022 made purchases available through 10 cryptocurrencies for most of its products in the United States. 
Printemps is working to expand its crypto payments service to New York City, where it plans to open a multibrand retailer in the Wall Street district in March.
Bitcoin’s rise in late 2021 prompted an initial flurry of interest from luxury brands with Tag Heuer, headed at the time by LVMH luxury scion Frederic Arnault, as well as Gucci, accepting payments in cryptocurrency the following year for some purchases in the United States. 
One crypto advocate who recently used digital assets to make luxury purchases is Eunice Wong, an investor and influencer known as “Eunicorn.”
Wong said she used cryptocurrency to buy several high-end watches this year including an Audemars Piguet Royal Oak model. However she is not interested in being drawn in by high-end brands seeking to build a closer client relationship, preferring to bypass traditional retail stores and sales routines. That takes too much time, in her view. “If I will buy, I’ll buy on the secondary market, not through them,” she told Reuters. “I want it now.”
Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Until recently, only a handful of luxury brands like LVMH watch labels Hublot and Tag Heuer as well as Kering-owned fashion brands Gucci and Balenciaga have experimented with crypto payment offers.



Paris, France Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap into 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. “There have been quite a few calls – it’s generated interest,” said David Princay, president of Binance France, who said the company is in talks with other luxury labels. Luxury lighter and pen maker S.T. Dupont told Reuters it aims to accept cryptocurrency payments in two Paris stores before the holidays. Also read: Bitcoin hits $106,000 amid Trump’s pro-crypto push In the realm of experiences, cruise company Virgin Voyages began this month offering its first product accepting Bitcoin as a payment option – a $120,000 annual pass for up to a year of sailing on its cruise ships. Regulators have long warned that cryptocurrencies like bitcoin are high-risk assets, with limited uses in the real world. High volatility has been another barrier to wide adoption as a means of payment. But pledges of support from U.S. President-elect Donald Trump, who is expected to bring in more friendly e-currency regulation, have fueled record-breaking rises for Bitcoin. S&P analysts say the narrative is starting to shift, noting that blockchain innovation in financial markets could increase predictability for cryptocurrencies. Seeking innovative branding Luxury labels have long sought to cater to affluent shoppers from the tech industry by opening stores in upscale Silicon Valley malls and issuing products like the Hermes Apple Watch, for example, which combines signature, stitched leather straps of the French Birkin bag maker with tech giant Apple’s connected timepiece. Now, the new wealth generated by Bitcoin’s recent highs – topping $107,000 on Monday – comes as the luxury industry faces its biggest slump in years and searches for new sources of growth. Offering cryptocurrency payments can be a way for companies to brand themselves as innovative rather than “a stuffy old brand that’s only selling to the boomers,” said Andrew O’Neill, digital assets lead analyst at S&P Global Ratings. The payment option remains largely symbolic. Retailers usually reconvert the funds to euros or dollars to offset risks of volatility, while for most shoppers, payment methods are seen overall as “something that’s been solved” already by such transaction platforms as PayPal or Venmo, said O’Neill. Watch | Bitcoin Smashes Records as Trump Signals Strategic Reserve Plans × But for bitcoin investors who have seen a strong rise in the value of their investment, luxury goods – a designer handbag or high-end watch – are an obvious choice for diversifying one’s portfolio, analysts say. In a sign of growing interest from designer labels, Balenciaga recently issued a leather card holder designed to hold “Stax” hardware from crypto wallet company Ledger. The black leather accessory, which retails for 350 euros ($368), includes a keychain and Eiffel Tower charm, and an NFC chip fitted underneath the brand logo. Ledger’s Stax Crypto hardware, its recently developed higher-end hardware with a curved touch screen, sells for $399 at Best Buy . The company’s “Flex” hardware, which resembles a mini Amazon Kindle, sells for $249 while the “Nano” version, which looks like a USB key, sells for $79. Gregory Boutte, chief client and digital officer for luxury conglomerate Kering, has described the group’s strategy when it comes to technology as “test and learn” rather than “wait and see.” He emphasized the embrace of new technologies as key to reaching younger and Asian clientele. Kering’s star label, Gucci, has since 2022 made purchases available through 10 cryptocurrencies for most of its products in the United States. Printemps is working to expand its crypto payments service to New York City, where it plans to open a multibrand retailer in the Wall Street district in March. Bitcoin’s rise in late 2021 prompted an initial flurry of interest from luxury brands with Tag Heuer, headed at the time by LVMH luxury scion Frederic Arnault, as well as Gucci, accepting payments in cryptocurrency the following year for some purchases in the United States. One crypto advocate who recently used digital assets to make luxury purchases is Eunice Wong, an investor and influencer known as “Eunicorn.” Wong said she used cryptocurrency to buy several high-end watches this year including an Audemars Piguet Royal Oak model. However she is not interested in being drawn in by high-end brands seeking to build a closer client relationship, preferring to bypass traditional retail stores and sales routines. That takes too much time, in her view. “If I will buy, I’ll buy on the secondary market, not through them,” she told Reuters. “I want it now.” Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Bitcoin had surged to a historic high of more than $106,000 on Monday after US President-elect Donald Trump voiced a pro-cryptocurrency position. Since the election of the latter on November 5, the cryptocurrency price surged more than 50 per cent. 
 
According to analysts, it seems that $110,000 may be the next threshold for the digital asset. 
The global cryptocurrency market cap has nearly doubled in 2024, CoinGecko shows, to $3.8 trillion.&nbsp; 
 
Trump's suggestions on the creation of a Bitcoin strategic reserve in the US, similar to what it has for oil reserves, have helped this wave move forward.&nbsp; 
 
Speaking last week, Trump restated his intentions to increase the presence of Bitcoin as part of the economic agenda for his administration.&nbsp; 
 
His approach is in sharp contrast to the outgoing Federal Reserve Chair Jerome Powell, who recently called Bitcoin volatile and unsuitable for storing value while comparing it to gold.&nbsp; 
 
Trump's administration is already building the foundation for a crypto-friendly regulatory environment.&nbsp; 
The White House has appointed Silicon Valley entrepreneur David Sacks, a former PayPal executive and close associate of Elon Musk, as its AI and cryptocurrency advisor.&nbsp; 
 
Trump also intends to nominate Paul Atkins, a known crypto advocate, to lead the Securities and Exchange Commission (SEC).&nbsp; 
 
This comes after SEC Chairman Gary Gensler announced his resignation, effective January 20, which coincides with Trump's inauguration. 
 
The policies of the incoming administration have rejuvenated Bitcoin promoters and investors. MicroStrategy, the largest corporate holder of bitcoin-its valuation has gone all the way to $94 billion this year, after shares multiplied sixfold.&nbsp; 
 
Analysts believe that the institutional adoption of digital currencies by Trump's leadership could make it even more pronounced. 
 
But other nations, including Russia, are also exploring such alternatives to traditional reserves in a world where Bitcoin is growing in importance in the global financial ecosystem. 
 
Trump's crypto-friendly stance has revived debates on whether digital currencies should be part of the US economy, setting the stage for potentially transforming policies in 2025. 
 
(With inputs from the agencies)

Bitcoin had surged to a historic high of more than $106,000 on Monday after US President-elect Donald Trump voiced a pro-cryptocurrency position. Since the election of the latter on November 5, the cryptocurrency price surged more than 50 per cent.

Bitcoin had surged to a historic high of more than $106,000 on Monday after US President-elect Donald Trump voiced a pro-cryptocurrency position. Since the election of the latter on November 5, the cryptocurrency price surged more than 50 per cent. According to analysts, it seems that $110,000 may be the next threshold for the digital asset. The global cryptocurrency market cap has nearly doubled in 2024, CoinGecko shows, to $3.8 trillion. Trump's suggestions on the creation of a Bitcoin strategic reserve in the US, similar to what it has for oil reserves, have helped this wave move forward. Speaking last week, Trump restated his intentions to increase the presence of Bitcoin as part of the economic agenda for his administration. His approach is in sharp contrast to the outgoing Federal Reserve Chair Jerome Powell, who recently called Bitcoin volatile and unsuitable for storing value while comparing it to gold. Trump's administration is already building the foundation for a crypto-friendly regulatory environment. The White House has appointed Silicon Valley entrepreneur David Sacks, a former PayPal executive and close associate of Elon Musk, as its AI and cryptocurrency advisor. Trump also intends to nominate Paul Atkins, a known crypto advocate, to lead the Securities and Exchange Commission (SEC). This comes after SEC Chairman Gary Gensler announced his resignation, effective January 20, which coincides with Trump's inauguration. The policies of the incoming administration have rejuvenated Bitcoin promoters and investors. MicroStrategy, the largest corporate holder of bitcoin-its valuation has gone all the way to $94 billion this year, after shares multiplied sixfold. Analysts believe that the institutional adoption of digital currencies by Trump's leadership could make it even more pronounced. But other nations, including Russia, are also exploring such alternatives to traditional reserves in a world where Bitcoin is growing in importance in the global financial ecosystem. Trump's crypto-friendly stance has revived debates on whether digital currencies should be part of the US economy, setting the stage for potentially transforming policies in 2025. (With inputs from the agencies)

Bitcoin hits $106,000 amid Trump’s pro-crypto push

New Delhi
Bitcoin had surged to a historic high of more than $106,000 on Monday after US President-elect Donald Trump voiced a pro-cryptocurrency position. Since the election of the latter on November 5, the cryptocurrency price surged more than 50 per cent.
According to analysts, it seems that $110,000 may be the next threshold for the digital asset.
The global cryptocurrency market cap has nearly doubled in 2024, CoinGecko shows, to $3.8 trillion. 
Trump's suggestions on the creation of a Bitcoin strategic reserve in the US, similar to what it has for oil reserves, have helped this wave move forward. 
Speaking last week, Trump restated his intentions to increase the presence of Bitcoin as part of the economic agenda for his administration. 
His approach is in sharp contrast to the outgoing Federal Reserve Chair Jerome Powell, who recently called Bitcoin volatile and unsuitable for storing value while comparing it to gold. 
Trump's administration is already building the foundation for a crypto-friendly regulatory environment. 
The White House has appointed Silicon Valley entrepreneur David Sacks, a former PayPal executive and close associate of Elon Musk, as its AI and cryptocurrency advisor. 
Trump also intends to nominate Paul Atkins, a known crypto advocate, to lead the Securities and Exchange Commission (SEC). 
This comes after SEC Chairman Gary Gensler announced his resignation, effective January 20, which coincides with Trump's inauguration.
The policies of the incoming administration have rejuvenated Bitcoin promoters and investors. MicroStrategy, the largest corporate holder of bitcoin-its valuation has gone all the way to $94 billion this year, after shares multiplied sixfold. 
Analysts believe that the institutional adoption of digital currencies by Trump's leadership could make it even more pronounced.
But other nations, including Russia, are also exploring such alternatives to traditional reserves in a world where Bitcoin is growing in importance in the global financial ecosystem.
Trump's crypto-friendly stance has revived debates on whether digital currencies should be part of the US economy, setting the stage for potentially transforming policies in 2025.
(With inputs from the agencies)

Bitcoin had surged to a historic high of more than $106,000 on Monday after US President-elect Donald Trump voiced a pro-cryptocurrency position. Since the election of the latter on November 5, the cryptocurrency price surged more than 50 per cent.



New Delhi Bitcoin had surged to a historic high of more than $106,000 on Monday after US President-elect Donald Trump voiced a pro-cryptocurrency position. Since the election of the latter on November 5, the cryptocurrency price surged more than 50 per cent. According to analysts, it seems that $110,000 may be the next threshold for the digital asset. The global cryptocurrency market cap has nearly doubled in 2024, CoinGecko shows, to $3.8 trillion. Trump's suggestions on the creation of a Bitcoin strategic reserve in the US, similar to what it has for oil reserves, have helped this wave move forward. Speaking last week, Trump restated his intentions to increase the presence of Bitcoin as part of the economic agenda for his administration. His approach is in sharp contrast to the outgoing Federal Reserve Chair Jerome Powell, who recently called Bitcoin volatile and unsuitable for storing value while comparing it to gold. Trump's administration is already building the foundation for a crypto-friendly regulatory environment. The White House has appointed Silicon Valley entrepreneur David Sacks, a former PayPal executive and close associate of Elon Musk, as its AI and cryptocurrency advisor. Trump also intends to nominate Paul Atkins, a known crypto advocate, to lead the Securities and Exchange Commission (SEC). This comes after SEC Chairman Gary Gensler announced his resignation, effective January 20, which coincides with Trump's inauguration. The policies of the incoming administration have rejuvenated Bitcoin promoters and investors. MicroStrategy, the largest corporate holder of bitcoin-its valuation has gone all the way to $94 billion this year, after shares multiplied sixfold. Analysts believe that the institutional adoption of digital currencies by Trump's leadership could make it even more pronounced. But other nations, including Russia, are also exploring such alternatives to traditional reserves in a world where Bitcoin is growing in importance in the global financial ecosystem. Trump's crypto-friendly stance has revived debates on whether digital currencies should be part of the US economy, setting the stage for potentially transforming policies in 2025. (With inputs from the agencies)

Bitcoin surged to a record high of over $106,000 on Monday, buoyed by comments from President-elect Donald Trump. Trump hinted at creating a US Bitcoin strategic reserve similar to the country’s oil reserves. The world’s largest cryptocurrency has rallied over 50% since Trump’s election on November 5. Analysts believe the next target for the market is $110,000.

Bitcoin Smashes Records as Trump Signals Strategic Reserve Plans

Investors are putting their money on Ether, the second-largest cryptocurrency, to break its own milestone set three years ago. This comes as Ether is taking the spotlight away from a record-breaking rally in Bitcoin, which has topped $100,000.

Bloomberg data shows US-listed Ethereum exchange-traded funds (ETFs) had a record-breaking $428 million daily inflow on Thursday. The token has surpassed Bitcoin in performance, rising 61 per cent.

That is following Donald Trump's victory on November 5 — which sparked a crypto surge due to hopes of more lenient regulations. Among other signs that investors anticipate more gains, open interest in Ether futures contracts has surged to record levels on the CME Group's derivatives exchange.

Those positions in favour of Ether are far outpacing the rise in similar contracts for bitcoin. Another factor working in favour of Ether is Trump's choice of Paul Atkins to head the Securities and Exchange Commission. Trump's SEC pick lifts Ether ETFs to record inflow.

One reason ETFs investing in the Ether hadn't taken off was that investors could not get any return from staking the token. However, Atkins is on the advisory board of the crypto advocacy organisation Coin Alliance, so investors bet this will change. Shortly after news of Atkins' nomination broke, the price of Bitcoin soared to a new record above $100,000 dollars.

Nick Forster, founder of crypto trading platform Derive.XYZ said, "Now that Bitcoin has hit $100,000, it appears that investors are seeking the next opportunity." He added, "Ether is still well below its all-time highs from 2021, and investors are beginning to rotate down the crypto risk curve."

Investors are putting their money on Ether, the second-largest cryptocurrency, to break its own milestone set three years ago. This comes as Ether is taking the spotlight away from a record-breaking rally in Bitcoin, which has topped $100,000.

Investors are putting their money on Ether, the second-largest cryptocurrency, to break its own milestone set three years ago. This comes as Ether is taking the spotlight away from a record-breaking rally in Bitcoin, which has topped $100,000. Bloomberg data shows US-listed Ethereum exchange-traded funds (ETFs) had a record-breaking $428 million daily inflow on Thursday. The token has surpassed Bitcoin in performance, rising 61 per cent. That is following Donald Trump's victory on November 5 — which sparked a crypto surge due to hopes of more lenient regulations. Among other signs that investors anticipate more gains, open interest in Ether futures contracts has surged to record levels on the CME Group's derivatives exchange. Those positions in favour of Ether are far outpacing the rise in similar contracts for bitcoin. Another factor working in favour of Ether is Trump's choice of Paul Atkins to head the Securities and Exchange Commission. Trump's SEC pick lifts Ether ETFs to record inflow. One reason ETFs investing in the Ether hadn't taken off was that investors could not get any return from staking the token. However, Atkins is on the advisory board of the crypto advocacy organisation Coin Alliance, so investors bet this will change. Shortly after news of Atkins' nomination broke, the price of Bitcoin soared to a new record above $100,000 dollars. Nick Forster, founder of crypto trading platform Derive.XYZ said, "Now that Bitcoin has hit $100,000, it appears that investors are seeking the next opportunity." He added, "Ether is still well below its all-time highs from 2021, and investors are beginning to rotate down the crypto risk curve."

Ether's 61% rally outperforms Bitcoin's $100,000 record surge

Federal reserve chair Jerome Powell bracketed gold and bitcoin as speculative assets. This has increased the raging global debate on gold vs bitcoin as assets with a store of value. Take a look at this next report for more...

Fed's Powell Puts Bitcoin and Gold in the Same Bracket

Bitcoin soars past a new record of 100,000 dollars for the first time.

This comes as traders warmed up to the idea of easier rules, spurred by President-elect Trump's pick of a crypto advocate to lead the US securities regulator, the US Securities and Exchange Commission (SEC).

Early on Thursday, the OG token rose past the historical and psychological six-figure mark.

This comes after Bitcoin jabbed at the 100,000-dollar level several times for the last two weeks.

Since Trump's victory a month ago, the crypto market has soared by around 1.4 trillion dollars. That is largely thanks to his agenda, which includes a strong embrace of crypto.

Paul Atkins has been nominated by Trump to succeed Gary Gensler as chair of the Securities and Exchange Commission.

Gensler went after digital assets following a market crash in 2022 that exposed fraudulent activities and caused expensive blowups.

But the nomination of Atkins&nbsp;as Wall Street's new cop points to easier regulations and a pro-crypto administration.

The OG token has risen substantially since Trump's win, with record inflows into Bitcoin ETFs in November. Previously, the crypto token came within 300 dollars of the six-figure mark on November 22.

Russian President Vladimir Putin emphasised that no one can ban Bitcoin or other virtual currencies. That also boosted bets on the OG token, which has risen over 135 per cent this year.

On the other hand, critics highlight the volatility of Bitcoin. They question how much further the chart-bursting rally can go.

(With inputs from the agencies)

Bitcoin soars past a new record of 100,000 dollars for the first time. This comes as traders warmed up to the idea of easier rules, spurred by President-elect Trump's pick of a crypto advocate to lead the US securities regulator, the US Securities and Exchange Commission (SEC).

Bitcoin soars past a new record of 100,000 dollars for the first time. This comes as traders warmed up to the idea of easier rules, spurred by President-elect Trump's pick of a crypto advocate to lead the US securities regulator, the US Securities and Exchange Commission (SEC). Early on Thursday, the OG token rose past the historical and psychological six-figure mark. This comes after Bitcoin jabbed at the 100,000-dollar level several times for the last two weeks. Since Trump's victory a month ago, the crypto market has soared by around 1.4 trillion dollars. That is largely thanks to his agenda, which includes a strong embrace of crypto. Paul Atkins has been nominated by Trump to succeed Gary Gensler as chair of the Securities and Exchange Commission. Gensler went after digital assets following a market crash in 2022 that exposed fraudulent activities and caused expensive blowups. But the nomination of Atkins as Wall Street's new cop points to easier regulations and a pro-crypto administration. The OG token has risen substantially since Trump's win, with record inflows into Bitcoin ETFs in November. Previously, the crypto token came within 300 dollars of the six-figure mark on November 22. Russian President Vladimir Putin emphasised that no one can ban Bitcoin or other virtual currencies. That also boosted bets on the OG token, which has risen over 135 per cent this year. On the other hand, critics highlight the volatility of Bitcoin. They question how much further the chart-bursting rally can go. (With inputs from the agencies)

Bitcoin breaches a new record of $100,000 on Trump's SEC choice

Bitcoin soars past a new record of 100,000 dollars for the first time. This comes as traders warmed up to the idea of easier rules, spurred by president-elect trump's pick of a crypto advocate to lead the U.S. Securities regulator, the sec. Watch in for more details!

Bitcoin Climbs Past $100,000 For The First Time

Asian shares broadly rose, tracking Wall Street's tech-led gains. Concerns about a faltering economy and heightened tensions with the US caused the yuan to fall to a one-year low against the dollar.

Japan, South Korea, and Australia saw increases in their equity benchmarks. Stocks in Hong Kong rose and fell as mainland Chinese markets dipped. 
 
US Futures pointed to a green open following Monday's record-setting finish for the S&amp;P 500 and a more than 1 per cent increase for the tech-heavy NASDAQ. 
 
The S&amp;P 500 notched its 54th closing record this year overnight. The dollar rose slightly after it ended a three-day losing run on Monday. 
 
The greenback's rise comes after a warning from president-elect Trump to the BRICS countries. 
 
In the previous session, the euro fell as much as 1.1 per cent, driven by the political turmoil in France, which put further pressure on bonds and stocks. An investment strategy that went bust in August this year the yen carry trade, is making a comeback.

Traders are getting ready for a deluge of economic data and speeches from Federal Reserve officials that will influence interest rate expectations. 
 
This week's noteworthy events include fed chair Jerome Powell's scheduled participation in a moderated conversation on Wednesday and Friday's payroll data is anticipated to reveal an increase in US hiring in November.

Bitcoin bulls are beginning to voice their scepticism as the seemingly inevitable rise towards a 100,000 dollars price mark hits a wall. The OG token bitcoin was steadily close to 95,800 dollars on Tuesday. It reached a record high of 99,728 dollars on November 22.

In commodities, crude was little changed as market participants waited for hints about OPEC+'s supply strategies in the lead-up to a crucial meeting on Thursday. Recent lacklustre price action drove an index of implied volatility to its lowest in roughly two months, while Brent oil traded near 72 dollars a barrel after finishing only 1 penny lower on Monday. 
 
Concerns over a surplus next year have traders predicting that the producer group would further postpone an end to supply cuts.

(With inputs from the agencies)

Asian shares broadly rose, tracking Wall Street's tech-led gains. Concerns about a faltering economy and heightened tensions with the US caused the yuan to fall to a one-year low against the dollar.

Asian shares broadly rose, tracking Wall Street's tech-led gains. Concerns about a faltering economy and heightened tensions with the US caused the yuan to fall to a one-year low against the dollar. Japan, South Korea, and Australia saw increases in their equity benchmarks. Stocks in Hong Kong rose and fell as mainland Chinese markets dipped. US Futures pointed to a green open following Monday's record-setting finish for the S&P 500 and a more than 1 per cent increase for the tech-heavy NASDAQ. The S&P 500 notched its 54th closing record this year overnight. The dollar rose slightly after it ended a three-day losing run on Monday. The greenback's rise comes after a warning from president-elect Trump to the BRICS countries. In the previous session, the euro fell as much as 1.1 per cent, driven by the political turmoil in France, which put further pressure on bonds and stocks. An investment strategy that went bust in August this year the yen carry trade, is making a comeback. Traders are getting ready for a deluge of economic data and speeches from Federal Reserve officials that will influence interest rate expectations. This week's noteworthy events include fed chair Jerome Powell's scheduled participation in a moderated conversation on Wednesday and Friday's payroll data is anticipated to reveal an increase in US hiring in November. Bitcoin bulls are beginning to voice their scepticism as the seemingly inevitable rise towards a 100,000 dollars price mark hits a wall. The OG token bitcoin was steadily close to 95,800 dollars on Tuesday. It reached a record high of 99,728 dollars on November 22. In commodities, crude was little changed as market participants waited for hints about OPEC+'s supply strategies in the lead-up to a crucial meeting on Thursday. Recent lacklustre price action drove an index of implied volatility to its lowest in roughly two months, while Brent oil traded near 72 dollars a barrel after finishing only 1 penny lower on Monday. Concerns over a surplus next year have traders predicting that the producer group would further postpone an end to supply cuts. (With inputs from the agencies)

Global markets rise, Yuan falls, Bitcoin faces resistance

Bitcoin, the world’s largest crypto-currency, has seen an extraordinary rise this year, gaining 120 percent overall and 34 percent in November alone. Its value peaked at a record high of $99,830 on November 22, driven by the U.S. Presidential election results and the election of pro-crypto lawmakers. Watch in for more details!

Bitcoin Hits New Highs, Volatility Follows

A man from Wales is in a legal battle to recover a staggering $ 710 million&nbsp;worth of Bitcoin that was mistakenly discarded by his ex-girlfriend. James Howells, who mined 8,000 Bitcoins back in 2009, claims that the valuable digital currency was stored on a hard drive, which was thrown away by his ex-girlfriend Halfina Eddy-Evans.

Halfina told Mail Online, “Yes, I threw away his rubbish, he asked me to. The computer part had been disposed of in a black sack along with other unwanted belongings, and he begged me to take it away. I had no idea what was in it, but I reluctantly dropped it off at the local tip on the way home from going on the school run.” She added, “I thought he should be running his errands, not me, but I did it to help out. Losing it was not my fault. I'd love nothing more than him to find it. I'm sick and tired of hearing about it.”

Also read |&nbsp;<a href="https://www.wionews.com/world/teenagers-to-be-restricted-from-using-beauty-filters-on-tiktok-over-mental-health-concerns-779668">Teenagers to be restricted from using beauty filters on TikTok over mental health concerns</a>

At the current market value, the bitcoin is estimated at $ 710 million, and Howells has vowed to contribute 10 per cent of the proceeds to his local community.

<h2>Howells' ongoing battle</h2>

Howells has been asking Newport City Council since 2013 for permission to search the landfill, but the council has refused, citing environmental regulations. Despite this, Howells remains determined to recover the Bitcoin.

Also read |&nbsp;<a href="https://www.wionews.com/world/prosecutor-seeks-icc-arrest-warrant-for-myanmar-junta-leader-over-rohingya-conflict-779665">Prosecutor seeks ICC arrest warrant for Myanmar junta leader over Rohingya conflict</a>

Ms Eddy-Evans, a mother of two, remarked, "Part of me thinks the council should let the tip site be dug up, it's not helping his mental health with the thoughts of sitting in a fortune he can't get. But the other part thinks for him just to drop it and let it go."

While the legal battle continues, Eddy-Evans says she hopes her ex finds the Bitcoin, not for money but to stop him from constantly talking about it.&nbsp;

(With inputs from agencies)

A man from Wales is in a legal battle to recover a staggering $ 710 million worth of Bitcoin that was mistakenly discarded by his ex-girlfriend. James Howells, who mined 8,000 Bitcoins back in 2009, claims that the valuable digital currency was stored on a hard drive, which was thrown away by his ex-girlfriend Halfina Eddy-Evans.

A man from Wales is in a legal battle to recover a staggering $ 710 million worth of Bitcoin that was mistakenly discarded by his ex-girlfriend. James Howells, who mined 8,000 Bitcoins back in 2009, claims that the valuable digital currency was stored on a hard drive, which was thrown away by his ex-girlfriend Halfina Eddy-Evans. Halfina told Mail Online, “Yes, I threw away his rubbish, he asked me to. The computer part had been disposed of in a black sack along with other unwanted belongings, and he begged me to take it away. I had no idea what was in it, but I reluctantly dropped it off at the local tip on the way home from going on the school run.” She added, “I thought he should be running his errands, not me, but I did it to help out. Losing it was not my fault. I'd love nothing more than him to find it. I'm sick and tired of hearing about it.” Also read | Teenagers to be restricted from using beauty filters on TikTok over mental health concerns At the current market value, the bitcoin is estimated at $ 710 million, and Howells has vowed to contribute 10 per cent of the proceeds to his local community. Howells' ongoing battle Howells has been asking Newport City Council since 2013 for permission to search the landfill, but the council has refused, citing environmental regulations. Despite this, Howells remains determined to recover the Bitcoin. Also read | Prosecutor seeks ICC arrest warrant for Myanmar junta leader over Rohingya conflict Ms Eddy-Evans, a mother of two, remarked, "Part of me thinks the council should let the tip site be dug up, it's not helping his mental health with the thoughts of sitting in a fortune he can't get. But the other part thinks for him just to drop it and let it go." While the legal battle continues, Eddy-Evans says she hopes her ex finds the Bitcoin, not for money but to stop him from constantly talking about it. (With inputs from agencies)

Wales man fights to recover $ 710 million worth of bitcoin thrown in garbage dump by ex-girlfriend

The 'Trump Trade' is still at play in global markets despite some jitters last week. Wall Street stocks rose last week as bitcoin proved naysayers wrong, and the dollar extended its advances into the eighth straight week, the longest in 2024.

As the major tech winners of the year faltered, blue chips and small caps pushed Wall Street higher on Friday. The S&amp;P 500 ended in the green. An equal-weighted version of the S&amp;P 500 index, which accounts for companies like Walgreens Boots Alliance and Nvidia, jumped, putting it on pace for a record-breaking closing high.

The Dow Jones index gained one per cent, and the Russell's 2000 index rose nearly two per cent. An index of bank stocks reached its highest level in almost two years. Although major tech companies lagged, the small-cap index rose 4.5 per cent last week. Analysts predict the rally to continue into the year-end.

FundStrat's managing partner, Thomas Lee, said, "When sentiment reaches a 'bullish extreme' is when we see equities priced to 'perfection'." He added, "By several measures, we are not there at that point yet."

The dollar registered its longest streak of weekly wins since September 2023. Peter Mclean, Head of Multi-Asset Portfolio Solutions at Stonehage Fleming, said, "The US dollar's run can continue." Mclean added, "We also have those geopolitical tensions, which are escalating at the moment. It's natural for investors to seek refuge in the dollar."

In the commodities market, bouts of volatility, driven by escalations in the war in Ukraine, eased on Friday. The ongoing conflict helped to push crude closer to 75 dollars a barrel from about $71 on Monday last week.

Gold, too, rose to trade at over $2,700 an ounce, marking its best week since March 2023. The yellow metal rose from a low of below $2,580 an ounce at the start of last week.

Crypto speculators have driven Bitcoin towards $100,000. The OG token has rallied since Trump's victory to new record highs repeatedly, barring a dip last weekend. SEC Chair Gary Gensler's decision to step down in January was the latest development, which boosted the digital assets market. Enforcement actions against cryptos were rampant during his administration, but they are expected to ease under Trump.

Pro-Crypto President-Elect Trump has sparked a chart-bursting rally. Bitcoin entered the weekend just shy of the landmark $100,000 level, Disappointing fans' expectations that the largest token would break beyond that psychological and financially crucial threshold. The OG token prices dipped just below $99,000 dollars on Sunday morning.

On Friday, the token was just $300 shy of the $100,000 mark. The cryptocurrency market has exploded, adding about $1 trillion to its value.

The 'Trump Trade' is still at play in global markets despite some jitters last week. Wall Street stocks rose last week as bitcoin proved naysayers wrong, and the dollar extended its advances into the eighth straight week, the longest in 2024.

The 'Trump Trade' is still at play in global markets despite some jitters last week. Wall Street stocks rose last week as bitcoin proved naysayers wrong, and the dollar extended its advances into the eighth straight week, the longest in 2024. As the major tech winners of the year faltered, blue chips and small caps pushed Wall Street higher on Friday. The S&P 500 ended in the green. An equal-weighted version of the S&P 500 index, which accounts for companies like Walgreens Boots Alliance and Nvidia, jumped, putting it on pace for a record-breaking closing high. The Dow Jones index gained one per cent, and the Russell's 2000 index rose nearly two per cent. An index of bank stocks reached its highest level in almost two years. Although major tech companies lagged, the small-cap index rose 4.5 per cent last week. Analysts predict the rally to continue into the year-end. FundStrat's managing partner, Thomas Lee, said, "When sentiment reaches a 'bullish extreme' is when we see equities priced to 'perfection'." He added, "By several measures, we are not there at that point yet." The dollar registered its longest streak of weekly wins since September 2023. Peter Mclean, Head of Multi-Asset Portfolio Solutions at Stonehage Fleming, said, "The US dollar's run can continue." Mclean added, "We also have those geopolitical tensions, which are escalating at the moment. It's natural for investors to seek refuge in the dollar." In the commodities market, bouts of volatility, driven by escalations in the war in Ukraine, eased on Friday. The ongoing conflict helped to push crude closer to 75 dollars a barrel from about $71 on Monday last week. Gold, too, rose to trade at over $2,700 an ounce, marking its best week since March 2023. The yellow metal rose from a low of below $2,580 an ounce at the start of last week. Crypto speculators have driven Bitcoin towards $100,000. The OG token has rallied since Trump's victory to new record highs repeatedly, barring a dip last weekend. SEC Chair Gary Gensler's decision to step down in January was the latest development, which boosted the digital assets market. Enforcement actions against cryptos were rampant during his administration, but they are expected to ease under Trump. Pro-Crypto President-Elect Trump has sparked a chart-bursting rally. Bitcoin entered the weekend just shy of the landmark $100,000 level, Disappointing fans' expectations that the largest token would break beyond that psychological and financially crucial threshold. The OG token prices dipped just below $99,000 dollars on Sunday morning. On Friday, the token was just $300 shy of the $100,000 mark. The cryptocurrency market has exploded, adding about $1 trillion to its value.

Dollar notches an eight-week winning streak, longest of the year

Fueled by anticipation that president-elect Donald Trump's backing for crypto signals a boom as the U.S. Pivots to friendlier policies instead of a crackdown, bitcoin neared the historic 100,000 dollar threshold. Watch in for more details!

Bitcoin Sets Another Record Amid Growing Embrace Of Crypto

China has expelled a high-ranking regulator following a corruption investigation related to cryptocurrency activities. The official was accused of being involved in illicit dealings, raising concerns over the influence of digital currencies on the country's regulatory system.

China Expels Regulator Over Crypto-Linked Corruption

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