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Bitcoin hits record high above $124,000 - The Economic Times
Economic Times
·
9d ago
Medial
Bitcoin reached a record high above $124,000 during early Asian trading, driven by favorable US legislation and a rise in US equities. The surge is attributed to US regulatory changes under President Donald Trump, a supporter of the crypto sector. Large holders, known as "whales," and companies like Tesla are boosting Bitcoin's value. The crypto market benefits from favorable fundamentals, and Trump's policy moves may enhance cryptocurrency integration into the national financial system.
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Bitcoin hits record above $109,000 awaiting Trump
Economic Times
·
7m ago
Medial
Bitcoin reached a record high above $109,000 as Donald Trump prepared for his presidential inauguration, promising deregulation in the cryptocurrency sector. The surge followed Trump's appointment of cryptocurrency proponent Paul Atkins to head the US securities regulator. Trump's support for cryptocurrencies, including launching his own coin, $TRUMP, has fueled market optimism. Despite its volatility and controversial uses, Bitcoin continues to make headlines since its creation in 2008, often criticized for its environmental impact.
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Cryptoverse: Bitcoin's bear market hits newcomers hardest
Economic Times
·
5m ago
Medial
Bitcoin's bear market has hit new investors hard, particularly those who entered during its rally past $100,000 or used leverage for investments. Following a significant sell-off influenced by global stock market dynamics, Bitcoin's value dropped from a record high of $109,071 in January to around $80,000. Analysts observe significant losses among new buyers and leveraged traders, with crypto-related investment products experiencing continuous outflows. Market volatility is high, suggesting challenging times ahead for Bitcoin investors.
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Bitcoin hits new record high at $112,737.08
Economic Times
·
1m ago
Medial
Bitcoin reached a record high of $112,737.08, driven by sustained investor optimism and institutional interest. US President Donald Trump's policies contributed to this rise. As the crypto market enters the second half of 2025, attention is on key macroeconomic indicators. Upcoming U.S. inflation data and Federal Reserve decisions are expected to influence market trends, although optimism prevails. Investors remain focused on these developments to navigate the dynamic cryptocurrency landscape effectively.
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Bitcoin hits all-time high above 69k
TechCrunch
·
1y ago
Medial
Bitcoin has reached a new all-time high, surpassing $69,000, driven by increased demand following the approval of spot bitcoin ETFs in the US and the upcoming bitcoin halving in April. The cryptocurrency has gained over 60% this month and 205% this year. Bitcoin halving occurs approximately every four years and leads to a decrease in mining rates. This process aims to control the supply of bitcoin, and the upcoming halving is expected to further boost demand for the asset. Additionally, the approval of spot bitcoin ETFs has attracted new institutional and retail investors.
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Bitcoin hits two-month high above $30,000 in volatile week
Economic Times
·
1y ago
Medial
Bitcoin has experienced a volatile week, surging above $30,000 and reaching its highest level in two months. The cryptocurrency's price has been fluctuating heavily, highlighting the ongoing volatility of the market. This development has captured the attention of investors and traders, who are closely monitoring Bitcoin's performance.
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Bitcoin hits all-time high at $80,092
Inshorts
·
9m ago
Medial
The world's biggest cryptocurrency Bitcoin crossed the $80,000-mark and hit an all-time high at $80,092 on Sunday. The boost is a result of US President-elect Donald Trump's embrace of digital assets and the prospect of US Congress featuring pro-crypto lawmakers. Bitcoin is up 65.4% from the year's low of $38,505 it hit on January 23.
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Nifty 50 logs longest-ever rally, hits record high
VCCircle
·
11m ago
Medial
India's Nifty 50 index reached a record high, logging its longest-ever rally of 12 consecutive sessions. The benchmark NSE Nifty 50 rose 0.33% to 25,235.9, while the S&P BSE Sensex added 0.28% to 82,365.77. The rally has been fuelled by hopes of an imminent US interest rate cut and robust US economic data. IT and pharma companies received the biggest boost, gaining 4.74% and 6.61% respectively in August.
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Bitcoin hovers near all-time peak as crypto draws record inflows
Money Control
·
1y ago
Medial
Bitcoin is surging towards its all-time high as a flood of capital pours into the cryptocurrency market and anticipation builds around the upcoming supply reduction. Last week, a record-breaking $2.7 billion was invested in crypto assets, with the majority going to Bitcoin. The launch of spot Bitcoin exchange-traded funds (ETFs) in the US has played a significant role in this momentum, attracting around $9.5 billion in net inflows so far. Market analysts predict further gains, with Bitcoin potentially reaching $80,000 in the coming months. The derivatives sector is also seeing increased demand, as demonstrated by the record number of outstanding contracts in Bitcoin futures.
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Cryptoverse: As markets question US exceptionalism, bitcoin starts to shine
Economic Times
·
3m ago
Medial
Bitcoin is regaining its status as a valuable alternative investment amid market concerns about U.S. economic policies and performance. The cryptocurrency has shown impressive resilience, outperforming traditional U.S. stocks and even gold in recent months. Analysts suggest heightened interest in Bitcoin, as it exhibits unique trading patterns distinct from equity markets. With increasing investment flows into digital asset funds, Bitcoin is expected to continue to rise, potentially reaching new record highs in the near future.
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Taking Stock: Market posts biggest weekly gain in 2024; Sensex hits fresh all-time high
Money Control
·
1y ago
Medial
Indian benchmark indices ended on a positive note for the third consecutive session, with the BSE Sensex reaching an all-time high and the Nifty 50 index inching closer to its record level. The market closed 2% higher, recording the biggest weekly gain of 2021. The Reserve Bank of India kept key rates unchanged for the eighth time in a row and increased the growth forecast for FY25 to 7.2%. The market outlook remains positive, with the Nifty expected to move towards 23,500-23,600 as long as it remains above 23,000.
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