Mint Quick Edit | Trump’s idea of a Bitcoin reserve is richly ironic
6 days, 13 hours ago

Mint Quick Edit | Trump’s idea of a Bitcoin reserve is richly ironic

Live Mint  

Ever since Donald Trump won the US presidential election, Bitcoin has been soaring, thanks to the president-elect’s positive views on crypto. On Monday, it got another boost after Trump affirmed he would set up a Bitcoin reserve a la the US oil stash. A rich government like America’s buying Bitcoin this reserve status would imply a burst of demand for it, which itself is a “buy" signal for other investors looking for value appreciation. What purpose such a reserve would serve, apart from rewarding “crypto bros" with big gains, remains unclear.

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History of this topic

Bitcoin price hits new all-time high after Trump confirms BTC federal reserve plan
1 week ago

Bitcoin price hits new all-time high after Trump confirms BTC federal reserve plan

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The price of bitcoin has hit a new all-time high after US President-elect …

Bitcoin surges above $106,000 on strategic reserve hopes
Top News
1 week ago

Bitcoin surges above $106,000 on strategic reserve hopes

The Hindu  

Bitcoin surged to a record high above $106,000 in early Asian trade on Monday, boosted by comments from President-elect Donald Trumpthat suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve. "We're gonna do something great with crypto because we don't want China or anybody else - not just China but others are embracing …

Bitcoin surges past $107,000 on hopes for US strategic reserve
1 week ago

Bitcoin surges past $107,000 on hopes for US strategic reserve

Al Jazeera  

Bitcoin and crypto are catapulted into the spotlight as investors wager that Trump will usher in friendlier US rules for crypto. Bitcoin’s record rally topped $107,000 after United States President-elect Donald Trump reiterated that he plans to create a US Bitcoin strategic reserve similar to the country’s strategic oil reserve, stoking the enthusiasm of crypto bulls. When asked if he …

Bitcoin price surges towards $100,000 as Trump-fuelled rally continues
1 month ago

Bitcoin price surges towards $100,000 as Trump-fuelled rally continues

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Bitcoin is inching closer to $100,000 amid optimism over US president-elect Donald Trump’s …

Bitcoin around $90,000 after 3% drop as traders assess Donald Trump’s impact on crypto
1 month ago

Bitcoin around $90,000 after 3% drop as traders assess Donald Trump’s impact on crypto

Live Mint  

Bitcoin, the world's largest cryptocurrency, is hovering around the $90,000 range after it saw its biggest drop this weekend since the 2024 US presidential elections concluded, according to a Bloomberg report. Traders in Assessing Mode IG Australia Pty Market Analyst Tony Sycamore wrote in a note that Bitcoin became “overheated” after the US election results. The drop was due to …

Mint Quick Edit | Crypto’s comeback: Don’t over-read it
1 month, 1 week ago

Mint Quick Edit | Crypto’s comeback: Don’t over-read it

Live Mint  

Bitcoin and cryptocurrencies in general got supercharged by Donald Trump’s victory in the US presidential election. Trump had said he would make America the “Bitcoin and cryptocurrency capital of the world," and hinted at an easier regulatory regime for digital tokens that are often frowned upon by financial regulators for having no underlying value. A Standard Chartered note, for instance, …

Trump’s Win Was Great for Stock Markets—but Not Everyone Saw a Boom
Trending News
54 years, 11 months ago

Trump’s Win Was Great for Stock Markets—but Not Everyone Saw a Boom

Slate  

Although America’s CEOs and financiers largely condemned Donald Trump after the Jan. 6 Capitol riot in 2021, they all but made peace with his political return this year—tempering their onetime critiques of the candidate and the GOP, hedging their bets in the lead-up to Election Day, forbidding their media apparatuses from endorsing Kamala Harris, and lining up to kiss the …

Bitcoin tops $89,000. Is Donald Trump’s US presidential poll win spurring the rally?
1 month, 1 week ago

Bitcoin tops $89,000. Is Donald Trump’s US presidential poll win spurring the rally?

Live Mint  

Bitcoin surged past $89,000 on Tuesday, reaching an all-time high, as investors rallied behind hopes of a crypto-friendly stance from President-elect Donald Trump. The rally, which pushed Bitcoin to $89,599 before settling at $87,800 in early Singapore trading, has marked a 30% rise since Trump’s election on November 5. Notably, Trump’s agenda includes creating a U.S. Bitcoin reserve and enhancing …

Bitcoin hits new highs: Is Trump’s pro-crypto agenda the catalyst?
1 month, 1 week ago

Bitcoin hits new highs: Is Trump’s pro-crypto agenda the catalyst?

Firstpost  

Donald Trump’s re-election has sparked a crypto frenzy, sending Bitcoin soaring past $80,000 as investors anticipate a friendlier regulatory landscape. With Trump pledging to make the US the ‘crypto capital of the world’ and even proposing a national Bitcoin reserve, digital assets are gaining unprecedented momentum Republican presidential nominee and former US President Donald Trump speaks at the Bitcoin 2024 …

Bitcoin price hits new all-time high as Trump declares victory
Top News
1 month, 2 weeks ago

Bitcoin price hits new all-time high as Trump declares victory

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Bitcoin has surged to a new all-time high after Donald Trump emerged as …

Donald Trump Backs ‘Strategic Bitcoin Stockpile’ in Speech to Crypto Faithful
54 years, 11 months ago

Donald Trump Backs ‘Strategic Bitcoin Stockpile’ in Speech to Crypto Faithful

Wired  

Former president Donald Trump outlined a plan to turbocharge crypto growth and make the US a crypto mining powerhouse in his keynote address to the 2024 Nashville Bitcoin Conference on Saturday. Trump also announced plans to appoint a bitcoin and crypto advisory council, whose task would be to “design transparent regulatory guidance to the benefit of your industry” in the …

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