Last week was moderate for the broader market indexes but was a winning one for bitcoin, artificial intelligence (AI) and gold.
Bitcoin is trading stubbornly below the $100,000 mark, putting the brakes on a blistering post-election rally.
Bitcoin is on its way to cap a big week, gaining about 9.3% over the past five days. The cryptocurrency breached the $98,000 mark for the first time on Thursday.
Bitcoin price closes in on $100,000 as postelection crypto rally continues. SEC Chair Gary Gensler to quit.
Bitcoin is approaching the historic $100,000 milestone, driven by Trump's victory, MicroStrategy's Bitcoin purchases and the introduction of options trading on ETFs.
Mike Novogratz, Galaxy founder and CEO, joins 'Squawk Box' to discuss Bitcoin's recent price action, how investors should trade this cryptocurrency and much more.
Craig Johnson, Chief Market Technician at Piper Sandler, sees Bitcoin breaking out toward $130,000 and small/mid-caps outperforming post-election. He notes NVIDIA's reaction reflects high expectations, while Target may see further downside.
With bitcoin touching all-time highs again, investors are more confident that the latest bull run will be more sustainable compared to previous cycles, with subdued volatility as the crypto industry matures with increased institutional adoption.
Key Points: Given its recent dramatic and rapid ascent to $100,000, investors want to understand what's happening with Bitcoin.
An industry push to offer options trading on Bitcoin exchange-traded funds recently cleared some regulatory hurdles.
President-elect Donald Trump embraced digital assets during his campaign, promising friendly regulation and to accumulate a national stockpile of bitcoin.
Markets are reacting to the "Trump effect," with stocks and Bitcoin soaring, while Gold faces a correction due to geopolitical factors and dollar appreciation. Bitcoin has surged past its previous high, driven by optimism about Trump's pro-crypto stance and Elon Musk's involvement in the proposed government efficiency initiatives.