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.
Fergani Space, a Turkish space firm, has successfully launched its first satellite, the FGN-100-d1, aboard SpaceX’s Falcon 9 rocket, marking a major milestone in Turkey's space endeavors.
The Yemeni Houthi group has claimed responsibility for launching drone and missile attacks on Tel Aviv and Eilat in Israel, targeting key sites in both cities as tensions in the region escalate.
Nine beaches in Sydney, including Manly, were closed on Tuesday after mysterious ball-shaped debris washed ashore, prompting safety measures during the summer holiday season.
A devastating mudslide at a jade mine in Myanmar has engulfed homes, with dozens feared dead and rescue teams continuing to search through the debris.
Southern California is battling devastating wildfires that have claimed 24 lives, destroyed thousands of homes, and triggered mass evacuations. Amid the chaos, a surge in looting and criminal activity is straining communities and law enforcement efforts.
TikTok CEO Shou Zi Chew thanked President-elect Trump for his efforts to save the app in the U.S., as a January 19 deadline looms for ByteDance to sell or shut it down.
The World Bank confirms Kazakhstan's GDP growth forecast at 4.7% for 2025 and 3.5% for 2026, with oil production driving recovery.
Brazil announces Nigeria's acceptance as a partner country in BRICS, highlighting shared interests and Nigeria's growing role in global governance and the Global South.
Start your day informed with AnewZ Morning Briefing: here are the top news stories for January 18th, covering the latest developments you need to know.
Reports of a two-month halt in Azerbaijani gas supplies to Serbia are false. Despite a technical issue at Shah Deniz Alpha, Shah Deniz Bravo ensures steady exports, with supplies set to resume soon. BP confirms no damage or environmental impact.
Coast Guard divers Chuck Fox and Corey Smith from the US Cutter *Polar Star* successfully repaired a leaking shaft in the freezing waters of McMurdo Sound, Antarctica.
As we welcome the new year, it’s time to focus on species needing urgent conservation in 2025. From delicate lizards to mighty hornbills and massive sharks, all face the threat of extinction.
Over 100 Paris 2024 Olympic medals were returned due to quality issues linked to EU regulations and an untested varnish formula. The IOC has pledged to replace all defective medals.
The Weeknd, one of the biggest music stars of our time, has announced that his upcoming album, Hurry Up Tomorrow, releasing on January 24, 2025, will be his final project under the “The Weeknd” name.
TikTok CEO Shou Zi Chew thanked President-elect Trump for his efforts to save the app in the U.S., as a January 19 deadline looms for ByteDance to sell or shut it down.
Brazil announces Nigeria's acceptance as a partner country in BRICS, highlighting shared interests and Nigeria's growing role in global governance and the Global South.
Start your day informed with AnewZ Morning Briefing: here are the top news stories for January 18th, covering the latest developments you need to know.
Thousands in Belgrade held a silent protest outside RTS, honouring victims of a roof collapse. University students demanded justice for the tragedy, blaming Serbian authorities.
South Korea's impeached president Yoon Suk Yeol appeared in court to contest his detention extension on insurrection charges tied to his martial law declaration.
TikTok CEO Shou Zi Chew thanked President-elect Trump for his efforts to save the app in the U.S., as a January 19 deadline looms for ByteDance to sell or shut it down.
The World Bank confirms Kazakhstan's GDP growth forecast at 4.7% for 2025 and 3.5% for 2026, with oil production driving recovery.
Brazil announces Nigeria's acceptance as a partner country in BRICS, highlighting shared interests and Nigeria's growing role in global governance and the Global South.
Start your day informed with AnewZ Morning Briefing: here are the top news stories for January 18th, covering the latest developments you need to know.
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