“We believe that the underlying strength in BTC represents a systematic shift in the market in anticipation of Trump’s return to office,” QCP Capital traders said in a Friday broadcast.
Bhutan Cashes out $33.5B in Bitcoin, Still Holds $1.11B in BTC
The Royal Government of Bhutan has sold 367 Bitcoin (BTC), worth about $33.5 million through major cryptocurrency exchange Binance.
Crypto Enthusiasm Continues
Investors need to stop and think.
Is Bitcoin on Shaky Ground? Market Signals Reflect Patterns That Foretold the Recent Slide in Trump Media Shares
Shares in Trump media experienced a similar dynamic before the recent price slide.
Michael Saylor Is Planning A Bitcoin $100K Party At His House, Expects End Of War On Crypto Under Trump
Michael Saylor, CEO of MicroStrategy Inc. (NASDAQ:MSTR), deemed the Donald Trump-led Republican triumph the “biggest” bullish catalyst for Bitcoin (CRYPTO: BTC) over the last four years. What Happened: In an interview with CNBC on Thursday, Saylor said that the “red wave” has been “incredibly auspicious” for Bitcoin and the broader cryptocurrency industry. The Bitcoin bull anticipated a friendlier SEC at the helm amid speculations of current chair Gary Gensler stepping aside. “It’s very good for
Samsung Stock Rises Most in Nearly Four Years on Valuation Draw
(Bloomberg) -- Samsung Electronics Co. shares are having their best day since January 2021, as perceptions grow that the South Korean tech company is starting to look like a bargain after a multi-month slump.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsThe world’s lar
The Week in Crypto; Major Price Moves, U.S. Political Developments, and Key Partnerships
This week, Bitcoin set a new record high trading above $90 000 majorly due to continued institutional demand and optimism in the market. MicroStrategy led by its CEO Michael Saylor made a $2bn acquisition that saw the company acquire closer to 25,000 BTC. Saylor noted the decision, saying: “Bitcoin ...
Is Trump Really So Great for Bitcoin?
Crypto bros expect the industry to benefit under the new administration, but it isn’t clear that also means bitcoin itself will benefit.
Stock market today: Indexes fall as Powell says the Fed is in no hurry to cut interest rates
Indexes slipped as traders zeroed in on remarks from Fed Chair Jerome Powell, who said the central bank is in no hurry to cut rates amid a strong economy.
Oil heads for weekly loss as Chinese demand continues to underperform
SINGAPORE (Reuters) -Oil prices fell on Friday on signs demand in China, the world's biggest crude importer, continues to underperform amid its uneven economic recovery. Brent crude futures were down 65 cents, or 0.9%, at $71.91 a barrel by 0450 GMT. "While oil prices have somewhat stabilised around the $71.00 level of support this week, the lack of a concrete bullish catalyst suggests that price recovery remains tepid for now," Yeap Jun Rong, market strategist at IG, said in an email.