Bitcoin now stands as arguably the most successful investment product of the last 20 years. The price of a single crypto currency rose to six figures for the first time. Experts say it's an extraordinary level for a 16-year-old cryptocurrency once dismissed as a sideshow.
Bitcoin has more than doubled in value this year, with a 45% increase in the four weeks since Donald Trump's election victory. This surge pushed Bitcoin above $100,000 for the first time, amid expectations that Trump's administration will foster a pro-cry pto environment.
The sharp rise in Bitcoin’s value signals growing mainstream acceptance. Trump's support for the crypto currency stance during his campaign, including his pledge to make the U.S. the crypto capital of the planet", has fueled optimism in the market.
Despite the surge, crypto experts caution that Bitcoin's future behaviour is uncertain due to its limited historical data.
Independent cryptocurrency commentator Justin D'anethan said, that the bitcoin could reach $180K, possibly $240K, but sustainability is unclear. "Whether it holds or crashes depends on risk appetite and resilience during downturns", he added.
This growth signals Bitcoin's increasing legitimacy in the global financial landscape.
A number of flights have resumed to and from Dubai International Airport, after a drone strike early on Monday resulted in the temporary suspension of operations at the world's busiest air hub. It comes as the Middle East conflict enters its 16th day.
Russia has imposed a fine of 35 million roubles (around $432,366) on the messaging platform Telegram for failing to remove content deemed illegal by the authorities, according to the Interfax news agency.
Nicolas Sarkozy is due back in court on Monday as he challenges a conviction linked to claims his 2007 election campaign sought financial backing from Libya under former leader Muammar Gaddafi.
At least 10 people have died after a fire broke out at a hospital trauma unit in eastern India on Monday (16 March). The victims, who were all patients, were being moved to safer areas away from the blaze when they died, officials said.
A long-running investigation has suggested that the street artist known as Banksy may be legally named David Jones. A report indicates that Jones was previously known as Robin Gunningham, a name long associated with Banksy, before legally changing his name several years ago.
Iran says it is open to talks with countries seeking safe passage through the Strait of Hormuz - disrupted by recent attacks - as Israel continues to launch wide‑scale strikes on Iranian infrastructure in the west. This live report tracks the latest developments.
The Academy Awards nominations have been announced, with the crime drama Sinners leading the race securing a record 16 nominations ahead of the ceremony set for 15 March. The event, which honours the film industry’s top achievements over the past year, will be hosted by comedian Conan O'Brien.
A number of flights have resumed to and from Dubai International Airport, after a drone strike early on Monday resulted in the temporary suspension of operations at the world's busiest air hub. It comes as the Middle East conflict enters its 16th day.
Two Indian-flagged tankers, Shivalik and Nanda Devi, carrying 92,700 metric tons of liquefied petroleum gas (LPG), are en route to India despite disruptions in the Strait of Hormuz caused by the ongoing U.S.-Israeli conflict with Iran, the Indian Foreign Ministry said on Saturday (14 March).
The prevailing security situation in the region has done little to deter entrepreneurs from the Commonwealth of Independent States (CIS) who continue to view Dubai as a premier and safe location for business.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country’s upcoming 15th Five-Year Plan, which will guide economic and social development from 2026 to 2030.
The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday (2 March).
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