Bitcoin surged past $106,000 in early Asian trading on Monday, setting a new record. The world’s largest and most recognized cryptocurrency was last seen trading at $105,688.
“We’re in uncharted territory now,” said Tony Sycamore, an analyst at IG. “The market's next target will likely be $110,000. The pullback many expected hasn’t materialized, and this news has only fueled further gains.”
In a recent interview, President-elect Donald Trump expressed his plans for the U.S. to take a leadership role in the cryptocurrency space. “We’re going to do something great with crypto,” Trump said. “We don’t want China or anyone else, not just China, but others, to dominate it. We want to lead.” When asked if he was considering creating a crypto reserve similar to the U.S. Strategic Petroleum Reserve, Trump replied, “Yes, I think so.”
Putin's Criticism of the Dollar and Growing Interest in Crypto
Earlier this month, Russian President Vladimir Putin questioned the need for state reserves in foreign currencies, suggesting that investing such reserves domestically would be more beneficial. He also criticized the U.S. administration for using the dollar as a political tool, which he claims is diminishing its role as the global reserve currency. This has led many countries to explore alternative assets, including cryptocurrencies. “For example, Bitcoin—who can prohibit it? No one,” Putin stated.
Bitcoin’s Meteoric Rise and Market Growth
Since Trump’s election victory and the success of other pro-crypto candidates in the November 5 elections, Bitcoin has surged more than 50%. According to CoinGecko, the overall value of the cryptocurrency market has nearly doubled this year, reaching a record high of $3.8 trillion.
In another significant development, Nasdaq announced on Friday that MicroStrategy, one of the largest corporate investors in Bitcoin, will be added to the Nasdaq-100 Index. The company’s stock has soared more than sixfold this year, pushing its market value close to $94 billion, making it the largest corporate holder of Bitcoin globally.
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The U.N. agency responsible for providing humanitarian aid and support for displaced people has announced cuts in its 2026 budget due to financial con...
Russian President Vladimir Putin said on Monday that Moscow and Tehran are in regular contact on a broad range of international issues, including deve...
President of the Republic of Azerbaijan Ilham Aliyev delivered a speech at the SCO Plus meeting held in Tianjin, China, emphasising Azerbaijan’s str...
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Iran said it expects the Shanghai Cooperation Organization (SCO) to condemn the move by the European troika of France, Germany and the UK which has called for the return of UN sanctions against Tehran’s civilian nuclear program.
The U.N. agency responsible for providing humanitarian aid and support for displaced people has announced cuts in its 2026 budget due to financial constraints.
Russian President Vladimir Putin said on Monday that Moscow and Tehran are in regular contact on a broad range of international issues, including developments related to Iran’s nuclear programme.
Côte d'Ivoire has maintained its position as a major political and economic force in West Africa. The region has been experiencing a number of political challenges with several countries either under the military rule grappling with uncertainty.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Iran said it expects the Shanghai Cooperation Organization (SCO) to condemn the move by the European troika of France, Germany and the UK which has called for the return of UN sanctions against Tehran’s civilian nuclear program.
The U.N. agency responsible for providing humanitarian aid and support for displaced people has announced cuts in its 2026 budget due to financial constraints.
Russian President Vladimir Putin said on Monday that Moscow and Tehran are in regular contact on a broad range of international issues, including developments related to Iran’s nuclear programme.
The EU has accused Russia of jamming the GPS signal on an aircraft carrying the European commission President Ursula von der Leyen on Sunday.
President Ilham Aliyev said the Zangezur Corridor will soon become a vital part of the Trans-Caspian International Transport Route, known as the Middle Corridor, and the North–South Corridor.
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