cryptocurrencies
TradingDollar Climbs, Euro Weakens to Two-Year Low After PMI Data
InvestingStocks Set for Strong Weekly Gain, US Yields Slip as Markets Eye Trump Policies
InvestingDollar Climbs to 13-month Peak, Bitcoin Eyes $100,000
InvestingDollar Hugs 13-month Peak as Market Awaits Next Fed Cue
Bitcoin’s Wild Ride Toward $100,000
Date: November 22, 2024
(Reuters) – Bitcoin neared $100,000 for the first time on Thursday as the election of Republican Donald Trump as president fuelled expectations that his administration will create a friendly regulatory environment for cryptocurrencies. The world’s biggest and best-known cryptocurrency has more than doubled from this year’s low of $38,505 and is up about 45% in...
Dollar Rises After Claims Data, Bitcoin Continues Rally
Date: November 22, 2024
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar rose to a 13-month high in choppy trading on Thursday as investors assessed the latest labor market data and comments from Federal Reserve officials for the path of interest rates, while bitcoin continued its march toward the $100,000 level. Weekly initial jobless claims dropped 6,000 to a...
Stocks Muted After Nvidia’s Lackluster Results, Bitcoin Eyes $100,000
Date: November 21, 2024
By Medha Singh and Ankur Banerjee (Reuters) –Global stocks eased on Thursday after AI bellwether Nvidia’s revenue growth forecast failed to excite investors, while the dollar firmed and bitcoin hit a record high, buoyed by hopes about U.S. President-elect Donald Trump’s policies. Rising tensions this week in the 33-month-old war between Ukraine and Russia weighed...
Bitcoin Bursts Past $94,000 for the First Time
Date: November 21, 2024
By Medha Singh and Ankur Banerjee (Reuters) – Bitcoin rose to a fresh record high above $94,000 as a report that Donald Trump’s social media company was in talks to buy crypto trading firm Bakkt boosted expectations of a crypto-friendly regime under his incoming administration. Bitcoin, the world’s biggest and best-known cryptocurrency, has more than...
Dollar Pulls Ahead as Markets Focus on Trump Policies, Fed Outlook
Date: November 21, 2024
By Brigid Riley TOKYO (Reuters) – The U.S. dollar stood broadly firm on Thursday as traders awaited more clarity on U.S. President-elect Donald Trump’s proposed policies and sought to second-guess the prospects of less aggressive interest rate cuts from the Federal Reserve. After stalling for three sessions, the greenback was back on the march higher,...
Bitcoin Breaks $96,000 for First Time on Optimism Over Trump Crypto Plans
Date: November 21, 2024
SINGAPORE (Reuters) – Bitcoin’s march toward $100,000 made further ground on Thursday as investors bet a friendlier U.S. regulatory approach to cryptocurrencies under President-elect Donald Trump will unleash a boom era for the asset class. Bitcoin prices topped $96,000 for the first time in Asia trade, touching a high just above $96,898. The cryptocurrency’s price...