Ongoing presidential backing for digital assets is a key determinant for the continuation of 'crypto's golden era,' the report said.
Bitcoin hit a record at $109,225 early Monday ahead of the inauguration ceremony of President Donald Trump, who is expected to run a pro-crypto administration. The largest cryptocurrency by market capitalization pulled back slightly to around $104,
The price of Bitcoin soared 119% in 2024, and the bulls have been out in full force, making predictions about where the cryptocurrency is headed.
Trump is a man in a hurry, and social media is buzzing with questions about whether he will fulfill his promise of a strategic Bitcoin reserve.
President Trump's administration promises pro-crypto regulations, favorable taxation, and strategic Bitcoin reserves, signaling potential growth. Read more here.
CBOJ, the first of three ETFs, provides investors with 100% downside protection while offering 10% to 11.5% upside potential over a one-year period, according to a press release. A representative of Calamos told CoinDesk that as of 12:11 p.m. ET, the ETF traded roughly 635,714 shares.
The world's leading cryptocurrency may reach $160,000 later this year, and even jump to $240,000 in a best-case scenario, according to an expert.
Did President-elect Trump just ignite a Bitcoin firestorm? Many crypto-related stocks posted big gains on Friday, just ahead of next week's inauguration.
The price of bitcoin has surged to over $109,000 just hours ahead of President-elect Donald Trump's inauguration, as a pumped up cryptocurrency industry expects early action by him soon after he takes office.
Bitcoin ( BTC -0.30%) has led the way, rising 5.6% in the past 24 hours as of 12:30 p.m. ET and nearly crossing $105,000 per token. Ethereum ( ETH -0.29%) is up a more modest 2.6% in that time, and Dogecoin ( DOGE -5.53%) is up 7.3%.
Investors await clarity on whether the new Trump administration will follow through on the pro-crypto proposals floated during the 2024 US election campaign.