Bitcoin set a new all-time high Tuesday night, amid strong early results for Donald Trump in the 2024 presidential election. Why it matters: It indicates confidence from the market in Trump’s chance of winning and ushering in a much more pro-crypto regulatory environment. By the numbers: At 8am ET Tuesday morning, bitcoin (BTC) traded for $68,710, according to CoinGecko. Context: Historically, bitcoin […]
The dollar was set for its biggest one-day rise since March 2023 against major peers on Wednesday and bitcoin jumped to an all-time high, with traders increasingly confident of a U.S. election victory for former president Donald Trump. Republican Trump claimed victory in the 2024 presidential contest after Fox News projected he had defeated Democrat […]
US stocks rallied in after-hours trading on Tuesday night and bitcoin hit a new record as Wall Street digested early presidential election results. Futures on the Dow jumped more than 600 points, while the S&P 500 jumped by a half percentage point as early election results streamed in on Tuesday night. The US dollar index […]
Clues about how this election cliffhanger will end may be hiding in an unlikely place: Your 401(k). As people try to make sense of the latest swings in prediction markets and dramatic shifts in the share price in former President Donald Trump’s social media company, there’s a far simpler predictor with a surprisingly strong track record. It finds […]
The S&P 500 (^GSPC 0.41%) soared to new highs in recent weeks as the bull market has barreled into its third year. But not every stock has participated equally in the rally. Over the past few years, big tech stocks have had an outsize impact on the value of the S&P 500. Innovations and investments […]
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) officially kicked off big tech earnings on Tuesday, and the Google parent had a banner report to share. Alphabet smashed estimates in the third quarter as overall revenue rose 15% to $88.3 billion, ahead of expectations at $86.3 billion and accelerating from the second quarter Growth was solid virtually across […]
Crypto market liquidations almost hit $350 million as Bitcoin briefly dipped below $69,000, with traders seeming jittery in the lead-up to the United States presidential election on Nov. 5. In all, $349.8 million was liquidated across $259.7 million long bets and $90.1 million short bets on Nov. 3, according to CoinGlass. It was the biggest day of liquidations since […]
The price of Bitcoin could swing at least 10% depending on which United States presidential candidate wins the election on Nov. 5, according to a trader, as Bitcoin volatility recently jumped to its highest point in three months. In a Nov. 4 post, pseudonymous trader Daan Crypto Trades told his 389,000 X followers that Bitcoin’s BTC$68,863 weekly close […]
US stocks staged a comeback on Friday as investors digested a big miss in the monthly jobs report and welcomed Amazon (AMZN) and Intel (INTC) earnings. The tech-heavy Nasdaq Composite (^IXIC) gained 0.8%, while the S&P 500 (^GSPC) rose 0.4%, both coming off a steep sell-off fueled by worries about Big Tech’s artificial intelligence spending. […]
Wall Street executives, political gamblers and cryptocurrency traders are piling up their bets that former President Donald Trump is returning to the White House. But the stock market may be telling a different story. U.S. stocks have been on a tear, with the bellwether S&P 500 index climbing more than 10 percent since August. While […]
Mt. Gox is moving its Bitcoin again. Late Thursday, the collapsed exchange moved 500 Bitcoin—worth over $35 million—to cold storage, according to data and wallet labels from blockchain tracker Arkham Intelligence. It isn’t clear why the Bitcoin was moved, and Mt. Gox didn’t immediately respond to Decrypt’s questions. But the exchange is in the long-delayed […]
A Historic Bitcoin Rise in Sight Nigel Green, CEO of financial advisory giant Devere Group, believes bitcoin could hit unprecedented highs if former U.S. President Donald Trump wins the upcoming U.S. presidential election. Green stated on Tuesday: A Trump victory could be the catalyst that pushes the world’s first and largest cryptocurrency into uncharted territory […]
