3 big stories in markets this week

3 big stories in markets this week

It was a long, grueling path for many in the crypto world, but it finally happened: The price of bitcoin crossed the $100,000 mark for the first time. Beyond making bitcoin holders quite happy, given the digital currency has risen more than 50% in the past two months, the milestone reached on Wednesday provided some…

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Hong Kong’s crypto faithful see regulations as a strength, unsure of ‘unpredictable’ Trump

Hong Kong’s crypto faithful see regulations as a strength, unsure of ‘unpredictable’ Trump

Hong Kong officials and industry insiders touted the city’s cryptocurrency trials and regulatory stability as strengths for the market at the Belt and Road Forum on Thursday, as the crypto euphoria surrounding the re-election of Donald Trump to the US presidency pushed the price of bitcoin past US$100,000 this week. “Trump is unpredictable. He may…

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Bitcoin just crossed $100,000 for the first time. Wall Street sees $200,000 following soon.

Bitcoin just crossed $100,000 for the first time. Wall Street sees $200,000 following soon.

Bitcoin’s (BTC-USD) cross above $100,000 has emboldened Wall Street bulls. After Trump’s election win catalyzed a crypto rally with hopes support of digital currencies and a more friendly regulatory regime would bolster the space, this week’s push to record highs above $103,000 per bitcoin has some strategists looking for another doubling in price by the…

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