The U.S. dollar held below a 6-1/2-month peak against major peers and bitcoin edged further off record highs on Wednesday as markets hit pause on so-called Trump trades ahead of key U.S. inflation data later in the day. The dollar is reaping the benefits of Republican Donald Trump’s victory in the U.S. presidential election last […]
Bitcoin has surged over 40% since Oct. 13, and traders remain confident in its upside potential, pointing out that profit-taking is only about half as intense as during previous all-time high cycles. “While profit-taking is substantial, it remains below historical peaks, suggesting additional room for further gains before reaching potential demand exhaustion,” crypto analysis firm […]
Donald Trump is returning to the White House, and the stock market is loving it. Investors, relieved to have a clear-cut election winner and fired up about the prospect of tax cuts and deregulation, have sent US stocks zooming higher. The Dow Jones Industrial Average closed above 44,000 on Monday for the first time ever. The […]
Metaplanet disclosed Monday a $28 million jump in its Bitcoin holdings since it began buying up the asset, surpassing the company’s market capitalization at the start of the year. Since late September, the Tokyo-based firm has more than doubled its Bitcoin acquisitions, increasing from 492.82 BTC to 1,018.17 BTC by mid-November, according to a Q3 […]
Investors continued to plow money into U.S. stocks, setting new records following President-elect Donald Trump’s historic White House win. The Dow Jones Industrial Average scored its 43rd record of the year, closing above 44,000 for the first time ever. The S&P 500 closed above 6,000 also for the first time in its 51st record close of the year, […]
Veterans Day is Monday, a federal holiday that has roots to events more than a century ago. The holiday dates back to Nov. 11, 1918, which was the official end of World War I, when an armistice between the Allied nations and Germany started on the eleventh hour of the eleventh day of the eleventh […]
The U.S. dollar traded close to a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration. The euro languished near an almost seven-month trough reached overnight, while the yuan wallowed close to a more than […]
The rapidly growing iShares Bitcoin Trust (IBIT) has now blown past one of the biggest funds in an old-school category of investing: gold. According to FactSet, the bitcoin exchange-traded fund had roughly $34.3 billion in AUM as of Friday. That puts it above the iShares Gold Trust (IAU), which had just under $33 billion. The […]
European stocks were higher on Monday, starting the week on a positive footing after Donald Trump’s election victory and interest rate cuts from major central banks. The pan-European Stoxx 600 index traded up 1% at around 9:10 a.m. London time, with most sectors and major bourses in positive territory. Construction and materials stocks led the […]
Bitcoin continues its march to a new all-time high after hitting $79,645 today, November 10. The crypto asset’s latest strong performance is backed by on-chain data, suggesting an increasing demand from US-based traders in recent weeks. And with the US Federal Reserve’s rate reduced by 25 basis points, many market analysts are looking forward to […]
Stocks just had their best week of 2024. All three major indexes pressed to record highs after Donald Trump won the 2024 presidential election. For the week, the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) rose more than 4.5%, while the Nasdaq Composite (^IXIC) rose nearly 6%. In the week ahead, a […]
Bitcoin’s BTC$81,417 price crossed the $80,000 mark for the first in history and over $1.5 trillion in market capitalization just days after Donald Trump’s reelection in the United States presidential elections. On Nov. 10, the top cryptocurrency rose by almost 4.50% to reach a new inflation-adjusted record high of $80,116 (data from Bitstamp). Smaller tokens, including Ether ETH$3,215.22, Dogecoin DOGE$0.3018, and […]
