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.
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Azerbaijan has made a notable appearance at one of the world’s most prestigious equestrian events, with a large delegation participating in the CHIO Aachen tournament in Germany, according to the Azerbaijan Equestrian Federation.
The inaugural Enhanced Games are set to take place in Las Vegas on Sunday (24 May), launching one of the most controversial experiments in modern sport, in which athletes openly compete using performance-enhancing drugs banned under traditional anti-doping rules.
The World Health Organization (WHO) has raised its risk assessment for the Ebola outbreak in the Democratic Republic of Congo (DRC) to “very high”, as infections spread across eastern provinces and into neighbouring Uganda amid growing security and humanitarian concerns.
Archaeologists in Kyrgyzstan’s Naryn region are uncovering medieval bathhouses, mausoleums and ancient Silk Road settlements, while warning that many historical sites are rapidly deteriorating because of the weather and erosion.
The inaugural Enhanced Games are set to take place in Las Vegas on Sunday (24 May), launching one of the most controversial experiments in modern sport, in which athletes openly compete using performance-enhancing drugs banned under traditional anti-doping rules.
China has revised the number of dead following a gas explosion at a coal mine in northern China, from 90 to 82, in what is the country's deadliest mining accident in 17 years.
A "largely negotiated" memorandum of understanding on an Iran peace deal would reopen the Strait of Hormuz, U.S. President Donald Trump said on Saturday, though the Iranian Fars news agency disputed that claim.
Kevin Warsh will be sworn in as chair of the U.S. Federal Reserve on Friday as policymakers consider higher interest rates to tackle inflation linked to the Trump administration’s Iran policy.
A government-mediated agreement has suspended an 18-day walkout by about 48,000 Samsung union members, easing fears of damage to South Korea's economy and global chip supply.
Asian stocks surged on Thursday as some vessels resumed passage through the Strait of Hormuz, while forecast-beating results at Nvidia and a suspended workers' strike at Samsung Electronics lifted shares of chipmakers.
Elon Musk’s SpaceX will have to improve its reliability before receiving approval for its target 10,000 launches annually within five years, Bryan Bedford, Head of the U.S. civil aviation agency, the Federal Aviation Administration (FAA), has said.
Demand for electric vehicles has surged across Europe as elevated fuel prices linked to the Iran conflict push consumers toward new and second-hand EVs, according to data shared with Reuters. It is providing a boost to an auto industry that has struggled with slower-than-expected adoption.
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