Crypto, Bitcoin and Trump
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Crypto-related stocks rose early Thursday while stock futures were trading largely flat, after the world’s largest cryptocurrency Bitcoin hit a record high. Crypto exchanges Coinbase Global and Robinhood rose 2.
On May 22, Bitcoin (CRYPTO: BTC) hit a new all-time high of nearly $112,000. With a total market cap of $2.2 trillion, it now ranks as one of the five most valuable assets in the world, trailing only Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), and gold.
Bitcoin’s value broke the $100,000 mark for the first time in early December and moved even higher later in the month before pricing eased a bit. The digital token ended 2024 up over 100% for the year, with about half that gain realized after President Donald Trump‘s election victory in early November.
Bitcoin rose to its highest level on record on Wednesday, eclipsing the previous high from January, as risk sentiment continues to improve after last month's tariff-induced selloff.
Bitcoin hit a new all-time high as the world’s most popular cryptocurrency reached price levels not seen since President Donald Trump’s inauguration.
Crypto-backed loans offer liquidity without liquidation, reshaping how digital wealth powers real-world finance.
When Venezuela was experiencing hyperinflation, Ledn co-founder Mauricio di Bartolomeo hedged against the collapsing local currency by shorting it in favor of the more stable US dollar. Today, he’s using a similar strategy — this time borrowing against his Bitcoin ( BTC) to hedge against the crumbling US dollar.