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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Ukrainian President Volodymyr Zelenskyy on Friday dismissed reports that Russian forces had encircled Pokrovsk in the eastern Donetsk region, insistin...
Dozens of countries have yet to secure accommodation for their delegations at the COP30 climate summit, just a week before it begins, prompting host nation Brazil to offer free cruise ship cabins to poorer states in a last-minute effort to guarantee their participation.
Chinese President Xi Jinping told South Korean President Lee Jae Myung on Saturday that he was ready to deepen cooperation and work together to address shared challenges, while Lee appealed for Beijing’s support in efforts to revive dialogue with nuclear-armed North Korea.
Canadian Prime Minister Mark Carney said on Saturday that he had apologised to U.S. President Donald Trump over an anti-tariff political advert and had instructed Ontario Premier Doug Ford not to air it.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 1 November, covering the latest developments you need to know.
Reports from CNN say the Pentagon has approved the provision of long range Tomahawk missiles to Ukraine after assessing its impact on U.S. stockpiles, while leaving the ultimate decision to President Trump.
Tanzanian police fired tear gas and live rounds on Thursday to disperse protesters in Dar es Salaam and other cities, a day after a disputed election marked by violence and claims of political repression, witnesses said.
Russia launched a barrage of drones and missiles at Ukraine's energy infrastructure and other targets, forcing nationwide power restrictions and killing seven people, including a seven-year-old girl, Ukrainian officials said on Thursday.
The U.S. State Department has ordered the departure of all non-emergency personnel and their family members from Mali, citing escalating security risks as al Qaeda-linked insurgents tighten a fuel blockade on the country.
Iran’s Foreign Minister Abbas Araghchi said that Tehran is pursuing what he termed a policy of “provincial diplomacy” to promote Iran’s trade and cultural relations with its neighbouring countries.
Dozens of countries have yet to secure accommodation for their delegations at the COP30 climate summit, just a week before it begins, prompting host nation Brazil to offer free cruise ship cabins to poorer states in a last-minute effort to guarantee their participation.
Chinese President Xi Jinping told South Korean President Lee Jae Myung on Saturday that he was ready to deepen cooperation and work together to address shared challenges, while Lee appealed for Beijing’s support in efforts to revive dialogue with nuclear-armed North Korea.
Canadian Prime Minister Mark Carney said on Saturday that he had apologised to U.S. President Donald Trump over an anti-tariff political advert and had instructed Ontario Premier Doug Ford not to air it.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 1 November, covering the latest developments you need to know.
Ukrainian President Volodymyr Zelenskyy on Friday dismissed reports that Russian forces had encircled Pokrovsk in the eastern Donetsk region, insisting that Ukrainian troops remain in control of the situation.
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