There is a raging debate in financial circles if U.S. President Donald Trump's open embrace of cryptos is right. Global discussions are about the conflict of interest or ethical conundrum and whether this sets the stage for a crisis. Bank of France chief Francois Villeroy de Galhau warned that the united states' encouragement of crypto and non-bank financing could trigger the next financial crisis. However, Villeroy did not clarify exactly how that would happen.

Is Trump right on endorsing cryptos?

There is a raging debate in financial circles if u.S. President donald trump's open embrace of cryptos is right. Global discussions are about the conflict of interest or ethical conundrum and whether this sets the stage for a crisis. Bank of France chief Francois Villeroy de Galhau warned that the United States encouragement of crypto and non-bank financing could trigger the next financial crisis. However, Villeroy did not clarify exactly how that would happen.

Trump's crypto embrace 'sowing seeds' of financial crisis?

Pakistan is making strides in embracing cryptocurrencies with the recent formation of the Pakistan Crypto Council, signaling a shift toward regulating the largely unstructured sector. The move aligns with a global resurgence in crypto adoption, particularly following US President Donald Trump’s return to office.

Pakistan moves to regulate cryptocurrency sector

As the US Decides whether tariffs are a good or bad thing, both the stock market and the crypto market have taken a battering.

While there are glimpses of hope for a recovery, massive liquidations as a result of extreme leverage weigh heavily on the sector.

Bitcoin hits first bull market support levels

The Trump administration is signaling a major shift in US Crypto policy. Recently, Donald Trump hosted top cryptocurrency leaders at the white house, marking a significant moment for an industry that spent over 245 million dollars in the 2024 election cycle.

Trump pushes for US as ‘Crypto Capital’

The white house is set to host a high-profile crypto summit, with President Donald Trump addressing top industry leaders. Expected attendees include coinbase ceo Brian Armstrong, microstrategy’s Michael Saylor, and Chainlink Labs CEO Sergey Nazarov. This comes as Trump signed an executive order for a strategic crypto reserve. Watch to know more!

Industry divided on Trump’s crypto reserve plan

While China's Deepseek sparked a deep sell-off in US tech stocks and into the Asian markets, the same euphoria can be seen in cryptocurrencies. Even before Trump's arrival as the president, his pro-crypto stance helped improve crypto's global outlook. While Trump wants America to become the 'crypto capital' of the world, Asian countries are slowly building their crypto bases.&nbsp;
Hong Kong &amp; Singapore have emerged as frontrunners, capitalising on the renewed global interest in digital assets. Hong Kong regulators are betting on 'global liquidity' to drive investments, with plans to introduce riskier products like derivatives and margin trading. Meanwhile, Singapore has taken a more structured approach, issuing 30 'major payment institution' licences for digital asset firms. Other Asian markets, including Malaysia, Thailand, Japan, and South Korea, are also considering regulatory shifts.
<h2>Non-metros lead India's crypto trading</h2>
Coming to the fastest-growing economy in the world, India has been more sceptical than others regarding crypto adoption. Crypto taxes in the region are already the highest globally, with little or no respite so far. Still, India recorded $1.9 billion in crypto trade in the October-December quarter of 2024.&nbsp;
This surge comes as more traders look for alternative income sources. Many are turning to crypto as job growth and wage hikes lag behind economic expansion. Traders are now shifting to crypto amid tighter regulations on equity derivates.&nbsp;
Data from Coinswitch reveals that 7 of the top 10 cities driving crypto activity in 2024 were lower-tiered hubs like Jaipur, Lucknow, and Pune. This mirrors a trend seen in the stock market, where smaller cities are driving trade volumes. To facilitate traders, crypto trading academies are also gaining traction. Consulting firm Grant Thornton Bharat projects India's crypto market to grow at a growth rate of 18.5 per cent.
Meanwhile, the Reserve Bank of India continues to warn against risks. The RBI flagged concerns over macroeconomic and financial stability linked to widespread crypto adoption. This has not deterred retail traders, who continue to flock to the new financial opportunity. Whether the government tightens its grip or embraces the sector remains a key question for Indian investors.&nbsp;

Business & Economy, While Trump wants America to become the 'crypto capital' of the world, Asian countries are slowly building their crypto bases.

While China's Deepseek sparked a deep sell-off in US tech stocks and into the Asian markets, the same euphoria can be seen in cryptocurrencies. Even before Trump's arrival as the president, his pro-crypto stance helped improve crypto's global outlook. While Trump wants America to become the 'crypto capital' of the world, Asian countries are slowly building their crypto bases. Hong Kong & Singapore have emerged as frontrunners, capitalising on the renewed global interest in digital assets. Hong Kong regulators are betting on 'global liquidity' to drive investments, with plans to introduce riskier products like derivatives and margin trading. Meanwhile, Singapore has taken a more structured approach, issuing 30 'major payment institution' licences for digital asset firms. Other Asian markets, including Malaysia, Thailand, Japan, and South Korea, are also considering regulatory shifts. Non-metros lead India's crypto trading Coming to the fastest-growing economy in the world, India has been more sceptical than others regarding crypto adoption. Crypto taxes in the region are already the highest globally, with little or no respite so far. Still, India recorded $1.9 billion in crypto trade in the October-December quarter of 2024. This surge comes as more traders look for alternative income sources. Many are turning to crypto as job growth and wage hikes lag behind economic expansion. Traders are now shifting to crypto amid tighter regulations on equity derivates. Data from Coinswitch reveals that 7 of the top 10 cities driving crypto activity in 2024 were lower-tiered hubs like Jaipur, Lucknow, and Pune. This mirrors a trend seen in the stock market, where smaller cities are driving trade volumes. To facilitate traders, crypto trading academies are also gaining traction. Consulting firm Grant Thornton Bharat projects India's crypto market to grow at a growth rate of 18.5 per cent. Meanwhile, the Reserve Bank of India continues to warn against risks. The RBI flagged concerns over macroeconomic and financial stability linked to widespread crypto adoption. This has not deterred retail traders, who continue to flock to the new financial opportunity. Whether the government tightens its grip or embraces the sector remains a key question for Indian investors.

Asian crypto hubs: Hong Kong, Singapore lead, young traders drive India's crypto boom

India’s cryptocurrency market is witnessing a sharp rise, driven by retail traders from smaller cities. In the October-December quarter of 2024, trading volumes on the country’s four largest crypto exchanges surged to $1.9 billion. This surge comes as more Indians, especially young traders, look for alternative income sources.

Young Indians bet big on crypto trading

In what could be the largest cryptocurrency theft in history, Dubai-based crypto exchange Bybit reported that hackers stole $1. 5 billion worth of Ethereum from its digital wallet. The attack has shaken investor confidence and reignited concerns over crypto security.

Bybit loses $1. 5bn as hackers strike

Bitcoin mining in the US is not just a digital revolution—it's driving economic growth, creating jobs, and reshaping local communities. This report dives into the numbers and implications of this rapidly evolving sector.

Report: US bitcoin mining industry generates over 31,000 jobs

Argentina’s President Javier Milei is under fire after endorsing a cryptocurrency that saw a dramatic rise and fall within hours. The digital token, named $-libra, was promoted by Milei on the social media platform X, where he described it as an investment tool that could boost Argentina’s economy.

Milei’s crypto post triggers $4.6 bn surge, then crash

The entities behind President Trump's crypto meme coin have made about 100 million dollars in trading fees in less than two weeks.
This is according to a Reuters report quoting estimates from three blockchain research businesses. This is a huge windfall for them. However, thousands of small traders have lost money.
The meme coin saw a rapid spike in value, reaching almost 14.5 billion dollars in just two days. However, it has fallen by two-thirds since then.&nbsp;By the end of January, the trading costs for the $Trump token had reached between 86 million and 100 million dollars.
This is according to an analysis of the blockchain - a decentralised database that records all transactions about Trump's meme coin.&nbsp;A Trump-owned firm, CIC Digital, is one of the companies behind the meme coin.
According to the official website, CIC Digital would "receive trading revenue derived from trading activities" of the meme coin.
However, the Reuters report showed it was unable to verify whether Trump has made any money personally.&nbsp;According to chain analysis, at least fifty of the wealthiest investors in the trump meme coin have made returns of over 10 million dollars each.
<h2>Small traders lose money on Trump memecoin</h2>
On the other hand, about 200,000 cryptocurrency wallets, predominantly with little assets, incurred losses on $Trump.
Being the first "Crypto President" and transforming the United States into the "Crypto capital of the world" are two of Trump's stated goals in his campaign promises to promote digital asset ownership and reforms.
Several influential people in his inner circle, cabinet, and administration are crypto holders or have connections to the crypto business.&nbsp;However, ethics experts and democratic party opponents have criticised the mix of huge sums of money and the opaqueness of his crypto projects.
Richard Briffault, a law professor at Columbia University, told Reuters, "There's an ethical concern that in effect he has the power to regulate his own business."
(With inputs from the agencies)

Business & Economy: The entities behind President Trump's crypto meme coin have made about 100 million dollars in trading fees in less than two weeks. 

The entities behind President Trump's crypto meme coin have made about 100 million dollars in trading fees in less than two weeks. This is according to a Reuters report quoting estimates from three blockchain research businesses. This is a huge windfall for them. However, thousands of small traders have lost money. The meme coin saw a rapid spike in value, reaching almost 14.5 billion dollars in just two days. However, it has fallen by two-thirds since then. By the end of January, the trading costs for the $Trump token had reached between 86 million and 100 million dollars. This is according to an analysis of the blockchain - a decentralised database that records all transactions about Trump's meme coin. A Trump-owned firm, CIC Digital, is one of the companies behind the meme coin. According to the official website, CIC Digital would "receive trading revenue derived from trading activities" of the meme coin. However, the Reuters report showed it was unable to verify whether Trump has made any money personally. According to chain analysis, at least fifty of the wealthiest investors in the trump meme coin have made returns of over 10 million dollars each. Small traders lose money on Trump memecoin On the other hand, about 200,000 cryptocurrency wallets, predominantly with little assets, incurred losses on $Trump. Being the first "Crypto President" and transforming the United States into the "Crypto capital of the world" are two of Trump's stated goals in his campaign promises to promote digital asset ownership and reforms. Several influential people in his inner circle, cabinet, and administration are crypto holders or have connections to the crypto business. However, ethics experts and democratic party opponents have criticised the mix of huge sums of money and the opaqueness of his crypto projects. Richard Briffault, a law professor at Columbia University, told Reuters, "There's an ethical concern that in effect he has the power to regulate his own business." (With inputs from the agencies)

Trump's meme coin made nearly $100 million in trading fees

The entities behind President Trump's crypto meme coin have made about $100 million in trading fees in less than two weeks. This is according to a Reuters report quoting estimates from three blockchain research businesses. This is a huge windfall for them. However, thousands of small traders have lost money.

Small traders lose money as $Trump slumps by two-thirds

Trump's pro-crypto stance catapulted cryptos to new highs. Bitcoin led the gains, with the historic $100,000 mark breached days before Trump's inauguration. However, the rally was not immune to Trump's trade tactics. The imposition of tariffs on Canada, Mexico, and China has rattled global markets, including crypto tokens. This comes as investors increasingly ditch riskier assets.
Top tokens, including Bitcoin, Ethereum, Dogecoin, Solana, and XRP, crashed over 30 per cent on Monday. Concerns over growth, earnings and broader macroeconomic consequences have pushed investors to the edge.
<h2>Bitcoin rally stalls</h2>
Bitcoin, the OG cryptocurrency, has suffered the steepest decline after hitting an all-time high of $109,114.88 about a couple of weeks ago. The currency's total market capitalisation has tanked over 11 per cent, testing lows of $91,000 in the last 24 years. Still, Bitcoin was the only token posting a single digital fall.
Other tokens, including Ethereum, plunged over 20 per cent. Even Elon Musk-backed Dogecoin couldn't survive the crypto freefall, with the currency falling over 25 per cent and wiping out one-fourth of its respective value.
The total liquidation in the crypto market hit nearly $2 billion as investors lost confidence in Trump's stance to make crypto a mainstream currency.&nbsp;
Investors are also worried about crypto's future. Reactions from other economies, particularly the UK and BRICS nations, could further shape market volatility. Analysts are betting on Bitcoin hitting $89,000 before it recovers.

Business & Economy, Bitcoin, the OG cryptocurrency, has suffered the steepest decline after hitting an all-time high of $109,114.88 about a couple of weeks ago. 

Trump's pro-crypto stance catapulted cryptos to new highs. Bitcoin led the gains, with the historic $100,000 mark breached days before Trump's inauguration. However, the rally was not immune to Trump's trade tactics. The imposition of tariffs on Canada, Mexico, and China has rattled global markets, including crypto tokens. This comes as investors increasingly ditch riskier assets. Top tokens, including Bitcoin, Ethereum, Dogecoin, Solana, and XRP, crashed over 30 per cent on Monday. Concerns over growth, earnings and broader macroeconomic consequences have pushed investors to the edge. Bitcoin rally stalls Bitcoin, the OG cryptocurrency, has suffered the steepest decline after hitting an all-time high of $109,114.88 about a couple of weeks ago. The currency's total market capitalisation has tanked over 11 per cent, testing lows of $91,000 in the last 24 years. Still, Bitcoin was the only token posting a single digital fall. Other tokens, including Ethereum, plunged over 20 per cent. Even Elon Musk-backed Dogecoin couldn't survive the crypto freefall, with the currency falling over 25 per cent and wiping out one-fourth of its respective value. The total liquidation in the crypto market hit nearly $2 billion as investors lost confidence in Trump's stance to make crypto a mainstream currency. Investors are also worried about crypto's future. Reactions from other economies, particularly the UK and BRICS nations, could further shape market volatility. Analysts are betting on Bitcoin hitting $89,000 before it recovers.

Trump tariffs hit crypto rally: digital tokens tank up to 28%

India is reviewing its crypto stance. This is according to a Reuters exclusive report. Economic Affairs Secretary Ajay Seth, in an interview with Reuters, mentioned shifts in crypto regulations across multiple jurisdictions as a reason for the change in India's approach to crypto regulations.

Report: India reassesses stance on crypto amid global shifts

French investigators had opened a judicial probe into money laundering, tax fraud and other charges at Binance, the world's largest cryptocurrency exchange, which said it denied the allegations.

Binance under fire in France for AML violations

You might want to think about switching careers if you love money but don't currently work in crypto.

A recent survey found that crypto job salaries are 153 percent more than the average salary in comparable sectors.

This next report brings you more as we decode the survey findings on crypto sector's pay averaging more than other industries.

Crypto Industry's Solid Rise Offers Higher Pay | World Business Watch

Multiple tech companies as well as crypto giants have reportedly donated to the inauguration fund of Republican candidate and US President-elect Donald Trump. Watch to know more!

Crypto Firms Among Big Donors Of Trump Inauguration Fund | World DNA | WION

Inflation claims Canadian Justin Trudeau as its latest victim, with his resignation the beginning of a potentially dramatic reshaping of the nation's economy. The next Canadian federal election was originally scheduled for October 2025. &nbsp; However, with Trudeau's resignation, the elections will be held sometime in March. Digital asset firms in Canada are quickly putting what they've learnt from the crypto industry's high-profile triumphs in the US Elections last year into practice.&nbsp;
<h2>Crypto trends in Canada</h2>
In November last year, pro-crypto US Politicians were victorious in most contests. A former sceptic of cryptocurrency, Donald Trump, won the presidential race. The price of bitcoin surged by almost 40 per cent, breaking the 100,000-dollar mark, and Trump appointed proponents of digital assets to his new government.&nbsp;
Cryptos were a hot topic, with digital asset businesses spending almost $135 million supporting politicians in the US Election. Advocacy organisation stand with crypto also helped make the topic a prominent US election issue. North of the border, crypto hasn't been as big of a topic among politicians, but the industry hopes that will change. The Canadian political system prohibits corporations from contributing to political elections.&nbsp;
The maximum amount a person may give to a political party or its candidates is 1,750 Canadian dollars or $1,213 US Dollars. Despite these limitations, the Canadian crypto sector has continued to make strides. Stand with crypto expanded to Canada in July, but the Canadian branch isn't looking to endorse candidates in the upcoming election.&nbsp;
Instead, Canada's crypto industry would like to see digital assets become a bigger focus in that election, similar to how it was in the US.&nbsp;

Business & Economy, US election playbook for Canada's crypto industry, Next Canadian federal election was originally scheduled for October 2025.

Inflation claims Canadian Justin Trudeau as its latest victim, with his resignation the beginning of a potentially dramatic reshaping of the nation's economy. The next Canadian federal election was originally scheduled for October 2025. However, with Trudeau's resignation, the elections will be held sometime in March. Digital asset firms in Canada are quickly putting what they've learnt from the crypto industry's high-profile triumphs in the US Elections last year into practice. Crypto trends in Canada In November last year, pro-crypto US Politicians were victorious in most contests. A former sceptic of cryptocurrency, Donald Trump, won the presidential race. The price of bitcoin surged by almost 40 per cent, breaking the 100,000-dollar mark, and Trump appointed proponents of digital assets to his new government. Cryptos were a hot topic, with digital asset businesses spending almost $135 million supporting politicians in the US Election. Advocacy organisation stand with crypto also helped make the topic a prominent US election issue. North of the border, crypto hasn't been as big of a topic among politicians, but the industry hopes that will change. The Canadian political system prohibits corporations from contributing to political elections. The maximum amount a person may give to a political party or its candidates is 1,750 Canadian dollars or $1,213 US Dollars. Despite these limitations, the Canadian crypto sector has continued to make strides. Stand with crypto expanded to Canada in July, but the Canadian branch isn't looking to endorse candidates in the upcoming election. Instead, Canada's crypto industry would like to see digital assets become a bigger focus in that election, similar to how it was in the US.

Is Canada's crypto industry taking lessons from the US?

Crypto hacking reached alarming levels in 2024, with 2.2 billion dollars stolen across 303 incidents. This marks a 21 percent year-over-year increase.

2024 Crypto Theft Hits $2.2 Bn, Marking A 21% Y-O-Y Surge

Crypto hacking reached alarming levels in 2024, with 2.2 billion dollars stolen across 303 incidents. This marks a 21 percent year-over-year increase.  

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

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

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, speaking at the DealBook Summit, addressed common misconceptions surrounding Bitcoin (CRYPTO: BTC). Powell dismissed the idea that Bitcoin undermines the Federal Reserve or the stability of the U.S. dollar. He emphasized that Bitcoin is neither widely used as a payment method nor a dependable store of value due to its extreme price volatility. Watch to know more!

Is Bitcoin Turning Into A Store Of Value Like Gold? | GRAVITAS | WION

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

Bitcoin has reached a new record high, fueled by sustained demand following the recent election. The cryptocurrency's value continues to surge as investors show confidence in its potential.

Bitcoin: World's Largest Cryptocurrency Is Fast Approaching $100,000

Bitcoin Hits Fresh Record High As Post-Election Demand Holds

A slew of events that demonstrate the US government's growing support for the digital asset market under crypto advocate Donald Trump, bitcoin surged to a fresh all-time high of $94,000.

At the top of the tape is news that the president-elect's Trump media &amp; technology group is negotiating to acquire digital-asset marketplace Bakkt holdings. This led to a notable increase in both entities' stock prices and gave bitcoin another fillip.

Nasdaq is all set to introduce options on the $43 billion shares of Bitcoin trust as soon as Tuesday. Other advancements feature Goldman Sachs's initiative to spin off its digital-asset platform. These moves indicate the increasing integration of cryptocurrency and its foundational blockchain technology within the financial system.

Chris Weston, head of research at Pepperstone Group, said, "The crypto scene is on the move once again." He added that trump media's play for Bakkt is "another piece of positive news that is lifting sentiment."

On Wednesday, bitcoin reached a new peak of $94,000. The top digital asset has experienced a 40 per cent increase since Trump's election victory on November 5. The boost comes from Trump's strategy to position the US as a global crypto hub. Bitcoin has more than doubled in value this year, outpacing global stocks.

Trump has committed to establishing a favourable regulatory environment in the US for digital assets and plans to implement a strategic reserve of Bitcoin. The schedule for executing his commitments and the practicality of the Bitcoin reserve are still unclear.

These questions contribute to discussions regarding the potential for Bitcoin and the broader cryptocurrency market to sustain their upward momentum.

Data&nbsp;indicates that the open interest in the options market is centred around bullish positions on Bitcoin, hitting $100,000 by year-end.

A slew of events that demonstrate the US government's growing support for the digital asset market under crypto advocate Donald Trump, bitcoin surged to a fresh all-time high of $94,000.

A slew of events that demonstrate the US government's growing support for the digital asset market under crypto advocate Donald Trump, bitcoin surged to a fresh all-time high of $94,000. At the top of the tape is news that the president-elect's Trump media & technology group is negotiating to acquire digital-asset marketplace Bakkt holdings. This led to a notable increase in both entities' stock prices and gave bitcoin another fillip. Nasdaq is all set to introduce options on the $43 billion shares of Bitcoin trust as soon as Tuesday. Other advancements feature Goldman Sachs's initiative to spin off its digital-asset platform. These moves indicate the increasing integration of cryptocurrency and its foundational blockchain technology within the financial system. Chris Weston, head of research at Pepperstone Group, said, "The crypto scene is on the move once again." He added that trump media's play for Bakkt is "another piece of positive news that is lifting sentiment." On Wednesday, bitcoin reached a new peak of $94,000. The top digital asset has experienced a 40 per cent increase since Trump's election victory on November 5. The boost comes from Trump's strategy to position the US as a global crypto hub. Bitcoin has more than doubled in value this year, outpacing global stocks. Trump has committed to establishing a favourable regulatory environment in the US for digital assets and plans to implement a strategic reserve of Bitcoin. The schedule for executing his commitments and the practicality of the Bitcoin reserve are still unclear. These questions contribute to discussions regarding the potential for Bitcoin and the broader cryptocurrency market to sustain their upward momentum. Data indicates that the open interest in the options market is centred around bullish positions on Bitcoin, hitting $100,000 by year-end.

Bitcoin breaches $94,000: Can Trump-led rally boost Bitcoin above $100,000?

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