The Donald Trump wave has kept Bitcoin soaring for another week after it notched a seven-week winning streak on December 15 — its longest such run since 2021, according to a Bloomberg report. The world's biggest cryptocurrency lifted by over 4.8 per cent late on December 16 to reach an impressive new all-time record high of $107,791, the report said. …
Bitcoin, the world’s largest cryptocurrency, surged past the $100,000 mark on December 12, following recent US inflation data that bolstered expectations of a Federal Reserve interest rate cut, as per reports. MARKET MOMENTUM BACKED BY INFLATION DATA The November Consumer Price index reported a 0.3% monthly rise and a 2.7% annual increase, aligning with forecasts and fuelling hopes for rate …
First it went through $20,000. Although some investors are now using the notoriously volatile currency as a “store of value,” which is traditionally a title saved for safe haven investments like gold and other precious metals. But investors in digital currencies and companies that trade or “mine” them are warning people to be skeptical of Bitcoin's recent rise and to …