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Cryptocurrency News Articles
Bitcoin Surges Past $80,000 for the First Time as Trump Returns to the White House
Nov 11, 2024 at 01:15 pm
The largest token jumped to $81,544 early in Asia on Monday, after rising 4.8% yesterday.
Bitcoin crossed $81,000 for the first time ever on Monday, as Donald Trump's return to the White House bodes well for the cryptocurrency, according to traders.
The largest token surged to $81,544 in early Asian trading on Monday, following a 4.8% gain on Sunday.
It has been rallying ever since Trump emerged the Republican candidate last week, having pledged to put the US at the heart of the digital-asset industry, including creating a strategic Bitcoin stockpile.
The cryptocurrency has soared about 93% so far in 2024, helped by robust demand for dedicated US exchange-traded funds and interest-rate cuts by the Federal Reserve. That compares with gains of about 24% for the S&P 500 Index and 16% for gold this year.
The ETFs, powered by BlackRock Inc.’s $35 billion iShares Bitcoin Trust, posted a record daily net inflow of almost $1.4 billion on Thursday, according to data compiled by Bloomberg.
A day earlier, the iShares ETF’s trading volume jumped to an all-time peak of more than 122,000 contracts, both showing how Trump's victory is reshaping crypto.
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- Feds Seize Devices From Polymarket CEO After Its Prediction Market Correctly Forecast Trump's Election Victory
- Nov 14, 2024 at 05:05 pm
- Federal agents seized electronic devices from Polymarket CEO Shayne Coplan's Soho residence early Wednesday morning, a week after the prediction market platform correctly forecast Donald Trump's presidential election victory.
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- The US government is trying to confiscate cryptocurrency associated with Sam Bankman-Fried's activities, despite him being in prison for almost a year
- Nov 14, 2024 at 04:20 pm
- On Tuesday, November 12, US prosecutors filed a lawsuit in a New York court demanding the return of digital assets that FTX management used to pay bribes
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- PEPE Coin Debuts on Coinbase and Robinhood, Electrifying the Market and Sending Its Price Soaring by 48%
- Nov 14, 2024 at 04:15 pm
- PEPE Coin's simultaneous listings on Coinbase and Robinhood have electrified its market position, boosting its price by nearly 48% and pushing the market cap over $8 billion.
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- Pepe (PEPE) Price Prediction 2024-2025: Can the Frog-Themed Memecoin Reclaim Its Glory?
- Nov 14, 2024 at 04:15 pm
- Pepe [PEPE] has performed quite well so far in November, but it has underperformed compared to Dogecoin [DOGE]. However, this could signal that there might be better days ahead for the frog-themed memecoin.
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