Bitcoin hit a record high above $94,000, boosted by reports that Donald Trump's Truth Social is in advanced talks to acquire crypto trading firm Bakkt in an all-stock deal. This, coupled with the debut of BlackRock's Bitcoin ETF options on Nasdaq, has driven renewed interest in the cryptocurrency.
Tony Sycamore, an analyst at IG, noted that Bitcoin’s surge is supported by “the Trump deal talk” and the enthusiasm surrounding new trading opportunities.
The cryptocurrency market has also benefited from optimism over a potentially more crypto-friendly regulatory environment under a Trump administration. Since the U.S. election on November 5, traders have bet on policies that could reinvigorate digital assets, pushing Bitcoin’s value past $94,000 in Asian trading hours after hitting $94,078 in the prior session.
The excitement has propelled the global cryptocurrency market to a record valuation of over $3 trillion, according to CoinGecko.
Chris Weston, head of research at Pepperstone, commented, “There is real underlying buying pressure for Bitcoin, and another kick higher should bring in a fresh chase from those who like to buy what’s strong.”
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Bitcoin surged to a new all-time high as expectations grow for U.S. interest rate cuts and regulatory moves favouring crypto investment, boosting investor confidence in the sector.
Bitcoin hit a new all-time high on Monday morning, surpassing the $123,000 mark and gaining over 4% during the day.
The U.S. dollar strengthened and Bitcoin surged to a new record, as investors shrugged off fresh tariff threats from President Donald Trump.
Bitcoin and other cryptocurrencies regained value following a ceasefire between Israel and Iran, bouncing back after steep losses during the 12-day conflict.
U.S. President Donald Trump has criticised American freestyle skier Hunter Hess after the athlete said he felt conflicted about representing the United States at the Winter Olympics in Italy, sparking a public clash that highlights growing political tensions surrounding the Games.
U.S. skiing great Lindsey Vonn underwent surgery in an Italian hospital on Sunday after her attempt to win Olympic downhill gold ended in a violent crash just seconds into the race at the Milano Cortina Winter Games.
Several avalanches struck northern Italy on Saturday, killing at least three people, as rescue officials warned the death toll could rise with unstable conditions persisting across the Alps.
U.S. President Donald Trump’s Middle East envoy Steve Witkoff and Trump’s son-in-law Jared Kushner visited the USS Abraham Lincoln aircraft carrier in the Arabian Sea on Saturday after completing a round of talks with Iran.
Police in riot gear pushed toward a group of protesters who launched fireworks, flares and smoke bombs during a demonstration in Milan on Saturday, as the city hosted events on the first full day of the Milano Cortina Winter Olympics.
Türkiye’s national energy company, TPAO, has struck a new cooperation deal with U.S. energy giant Chevron, signing a memorandum of understanding to explore joint oil and gas exploration and production opportunities, the Turkish Energy and Natural Resources Ministry announced on Thursday.
Wall Street ended sharply lower on Tuesday as investors worried about artificial intelligence (AI) creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.
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