Donald Trump’s election victory in the United States is unlikely “the main story” behind Bitcoin’s recent pump — with an analyst pointing instead to a post-halving supply shock. “If you’re wondering what’s happening with #Bitcoin… Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst… But, that’s not the main story here,” said Onramp Bitcoin co-founder Jesse Myers in a…
Russia, India, and several African nations are accelerating dedollarization, embracing national currencies in trade to enhance economic independence and reduce reliance on the U.S. dollar. Global Trade Gets a Shake-Up as Powers Pivot from the US Dollar Russia, India, and numerous African nations are advancing their use of national currencies in trade, a strategy that […] Source: https://news.bitcoin.com/russia-india-africa-advance-bold-plans-to-sideline-us-dollar/
The Republicans are projected to keep the United States House, giving the party total control of the government after taking a majority in the Senate along with Donald Trump’s election win. Decision Desk HQ called the race for the House at 12:13 am UTC on Nov. 12, projecting the GOP would win the 218 seats needed for a majority after it…
Bitcoin’s market capitalization overtook silver Monday evening, reaching $1.75 trillion to secure its position as the world’s eighth-largest asset. It comes as Bitcoin breached $89,000, topping out at $89,560, before dropping back below those levels, data from CoinGecko shows. The asset has lept more than 9% on the day following strong institutional demand and sustained interest in spot Bitcoin exchange-traded…
Crypto markets continue their upward trajectory, with Bitcoin crossing $89,000 on Monday and institutional investment in digital assets reaching new highs. Amid rising prices, Bernstein Research has issued a resounding endorsement of the sector, recommending clients “buy everything you can,” according to a report published Monday. Analysts Gautam Chhugani and Mahika Sapra attribute the market’s buoyancy to a new political…
With SEC Chair Gensler possibly stepping down, Ripple’s high-stakes battle over XRP could see a swift resolution, signaling a shift in crypto regulation strategy. Gensler on the Way Out? Ripple’s Battle With SEC Over XRP Could Reach Resolution Attorney Jeremy Hogan outlined potential developments in the ongoing legal battles between the U.S. Securities and Exchange […] Source: https://news.bitcoin.com/ripple-xrp-fight-with-sec-nears-tipping-point-as-key-changes-loom/
Crypto market capitalization has reached a new all-time high of $3.12 trillion — and is now close to surpassing France’s gross domestic product (GDP). On Nov. 11, total crypto market capitalization soared 7% over 24 hours, due mainly to a sudden surge in Bitcoin, which rallied to $89,500. If the crypto market were a country, it would be the eighth…
Crypto market capitalization has reached a new all-time high of $3.12 trillion — and is now close to surpassing France’s gross domestic product (GDP). On Nov. 11, total crypto market capitalization soared 7% over 24 hours, due mainly to a sudden surge in Bitcoin, which rallied to $89,500. If the crypto market were a country, it would be the eighth…
Bitcoin-based options trading has surged as institutional investors are betting the asset could continue surging higher amid a broader crypto market rally triggered by the re-election of pro-crypto President Donald Trump. Amid record-setting prices in crypto, Bitcoin’s open interest for options contracts soared on Monday to just below $25 billion, data from derivatives exchange Deribit shows. It follows a previous…
Shares in China-based crypto mining chip designer Nano Labs rose slightly after announced it is now accepting Bitcoin as payment for its goods and services through a business account on Coinbase. In a Nov. 11 statement, the Huangzhou-based crypto mining chip maker, which is listed on the Nasdaq, said the move was part of a “commitment to embracing the latest…
