Bitcoin has seen its first weekly decline since Trump's election, dropping over 7% amid changing Fed policies and market uncertainty.
Trump once called bitcoin "a scam against the dollar," but he has since changed his stance — and profited from crypto.
Bitcoin pared earlier losses after capping its first weekly decline since Donald Trump’s election victory, while many smaller tokens turned higher on the day.
Cryptocurrency markets have soared since Donald Trump won the U.S. presidential election in November. The asset climbed from $69,374 on Election Day, hitting as high as $106,490 last week, largely accelerated by Trump's win and his pledge to make the country "the crypto capital of the planet."
Center for Monetary and Financial Alternatives at Cato Institute - discusses crypto, strategic Bitcoin reserves, and Fed’s framework review
Russia wants to beat America to Bitcoin. The plan? A national Bitcoin reserve. If Vladimir Putin pulls this off before Donald Trump’s America, it won’t just
Bitcoin hit a record high above $107,000 Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve.
It remains unknown what the future holds for Bitcoin after it already reached the $100,000 threshold which was one of the top things that crypto fans and believers have been looking forward to for the top coin. But it is expected that it hasmore to give, especially as when Donald Trump officially begins his second term.
Bitcoin, riding record highs following Donald Trump's embrace of the digital cryptocurrency, came back down to earth after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold it.
The crypto market’s center of gravity is back in the US as 2025 approaches, courtesy of Donald Trump’s reelection to the presidency and widening demand for the nation’s digital-asset funds and derivatives contracts.