Bitcoin, Trump and cryptocurrency
Digest more
Bitcoin surged to a record high on Thursday, vaulting more than 3% in early trading and hurtling past $110,000 for the first time. The price of bitcoin stood at $111,385 on Thursday, extending a sharp rise that stretches back to the November election of President Donald Trump, a cryptocurrency supporter and investor.
The price of bitcoin rose to a fresh peak near $112,000, extending a recent rally. The digital token rose as high as $111,875 in overnight trading, according to the CoinDesk Bitcoin Price Index. It had set new records for both end-of-day and intraday levels on Wednesday.
The price surpassed the giddy level hit just hours prior to the inauguration of President Trump on January 20.
Early Thursday gains for crypto-related stocks are likely due to broader market moves. On Wednesday, Bitcoin’s strength seemed overshadowed by a wider stock market slump as weak
Bitcoin breaks through $111,000 for the first time as investors seek alternatives to traditional safe havens amid weak demand for government bonds.
Bitcoin prices jumped 1.5% Wednesday to an all-time high of $108,671.62. The cryptocurrency has been climbing since a recent low set in early April, when investors were selling all types of risky assets during the height of President Trump's trade war.
Bitcoin surged to an all-time high on Wednesday, surpassing its previous record set just before President Donald Trump's January inauguration. Monitor these crucial chart levels.
Bitcoin futures open interest hits $72B as BTC nears $113K. Analysts eye $117K–$120K if resistance breaks. Here’s what traders need to watch.
For years, bitcoin and equities, especially tech stocks, have moved in tandem. However, bitcoin’s rally to a fresh record high this week doesn’t necessarily mean stocks will follow along.
Tracking the "realized price," or the average price at which bitcoin BTC is withdrawn from all exchanges to estimate a market-wide cost basis is a more valuable tool for gauging investor profitability and potential inflection points in market sentiment.
Bitcoin rose to a new all-time high on Wednesday, breaking its January record. The price of the flagship cryptocurrency was last higher by 2% at $108,955.10, according to Coin Metrics. Earlier, it rose as high as $109,