Bitcoin dropped almost 7% for a short while a day after an historic surge past $100,000 led some traders to hedge for a retreat. The digital asset fell as low as $92,144 on Friday before steadying at $97,325 at 9:05 a.m. in Singapore. Volatility hit the wider crypto market too amid a hiatus in a…
Bitcoin finally reached $100,000 and investors holding the cryptocurrency in their portfolios have a few moves they’ll need to make before they celebrate. The flagship crypto crossed the $100,000 threshold for the first time late Wednesday, a fresh milestone in its 2024 hot streak. This year alone, bitcoin has more than doubled in value. BTC.CM=…
Options suggest that some traders may have already started to hedge against a potential pullback in Bitcoin after the original cryptocurrency surged to more than $100,000 for the first time. There has been an uptick in demand for puts, or contract that gives the buyer the right to sell an asset at a predetermined price…
Anthony Scaramucci, the hedge-fund manager hired and fired by Donald Trump in his first term as president, jokes that he owes his ex-boss a token of thanks. “I probably have to buy Donald Trump a Christmas gift,” he quipped, when asked about the runup in the price of Bitcoin following the re-election of a man…
The ultimate Trump trade just hit six figures. Bitcoin passed $100,000 for the first time, bringing gains since the November election to 50%. The latest leg up came after Trump selected Paul Atkins, a pro-crypto regulator, to head the US Securities and Exchange Commission. He’ll replace Gary Gensler, who attracted the ire of crypto enthusiasts…
The Bitcoin faithful have many reasons to rejoice. With what is widely seen as a crypto-friendly US administration on the horizon, the digital asset extended its rally and zoomed past $100,000 to set a new record. The latest jump was keyed by President-elect Donald Trump’s selection of Paul Atkins to run the Securities and Exchange…
The original currency notched a new all-time high on Wednesday, breaking through the psychological barrier of $100,000 and then climbing even higher. The surge comes amid a climate of broader exuberance in the crypto industry, which is anticipating that the election of Donald Trump will lead to looser regulation and more blockchain innovation in the…
TOKYO — TOKYO (AP) — Bitcoin surpassed $100,000 for the first time, while Asian shares were mostly higher Thursday, taking their cues from another Wall Street record rally. U.S. futures edged lower while oil prices crept up. Bitcoin has been nudging toward $100,000 and it surged late Wednesday, U.S. time, after President-elect Donald Trump chose…
NEW YORK (AP) — U.S. stock indexes rose to more records Wednesday after tech companies talked up how much of a boost they’re getting from the artificial-intelligence boom. The S&P 500 climbed 0.6% to add to what’s set to be one of its best years of the millennium. It’s the 56th time the index has…
Not too long ago, cryptocurrencies were a niche thing you’d only hear tech nerds or finance gurus passionately discuss. Back in the early 2010s, they seemed like a wild experiment rather than something you’d actually use in your daily life. But now—how things have changed as today crypto has gone mainstream shaking up the way…