Market Cap: $2.1532T -0.32%
Volume(24h): $35.0938B -46.31%
  • Market Cap: $2.1532T -0.32%
  • Volume(24h): $35.0938B -46.31%
  • Fear & Greed Index:
  • Market Cap: $2.1532T -0.32%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$87959.907984 USD

1.34%

ethereum
ethereum

$2920.497338 USD

3.04%

tether
tether

$0.999775 USD

0.00%

xrp
xrp

$2.237324 USD

8.12%

bnb
bnb

$860.243768 USD

0.90%

solana
solana

$138.089498 USD

5.43%

usd-coin
usd-coin

$0.999807 USD

0.01%

tron
tron

$0.272801 USD

-1.53%

dogecoin
dogecoin

$0.150904 USD

2.96%

cardano
cardano

$0.421635 USD

1.97%

hyperliquid
hyperliquid

$32.152445 USD

2.23%

bitcoin-cash
bitcoin-cash

$533.301069 USD

-1.94%

chainlink
chainlink

$12.953417 USD

2.68%

unus-sed-leo
unus-sed-leo

$9.535951 USD

0.73%

zcash
zcash

$521.483386 USD

-2.87%

Cryptocurrency News Articles

Bitcoin (BTC-USD) Jumps to a Record High as Post-Election Gains Resume

Nov 20, 2024 at 03:08 am

Bitcoin prices held steady over the weekend around $91,000 after last week's surge sent prices for the world's largest cryptocurrency above $80,000

Bitcoin (BTC-USD) Jumps to a Record High as Post-Election Gains Resume

Bitcoin (BTC-USD) hit a record high on Tuesday, continuing its strong gains after the U.S. presidential election.

Bitcoin prices rose to $93,877.33 per token as of early morning. The cryptocurrency had hovered around the $91,000 mark over the weekend after last week's rally saw prices for the world's largest cryptocurrency cross $80,000 and then $90,000 for the first time.

Bitcoin has been a key part of the "Trump trade," as President-elect Donald Trump has pledged to look into crypto-friendly policies, including the creation of a bitcoin national stockpile.

Bitcoin spot ETFs have also seen large inflows in recent weeks.

According to Yahoo Finance data, BlackRock’s spot bitcoin ETF (IBIT) saw its assets rise by $13 billion in the wake of Trump's win on Nov. 5, per Yahoo Finance data. This pushed assets in the iShares Bitcoin Trust past $40 billion just 10 months after its launch.

Options tied to IBIT also began trading on the Nasdaq on Tuesday, pushing more trading activity into the crypto space.

The move higher also comes on the heels of a Financial Times report stating that Trump Media & Technology Group (DJT) is in advanced talks to acquire crypto trading company Bakkt (BKKT), a tie-up that could further encourage initiatives within the sector.

Crypto-related stocks like trading platforms Coinbase (COIN) and Robinhood (HOOD) have also benefited from the recent rally, gaining 65% and 42% over the past 10 days, respectively.

Bitcoin proxy MicroStrategy (MSTR) hit fresh record highs on Tuesday.

The business intelligence and software company added 52,000 tokens to its portfolio over the past week — its largest purchase of the cryptocurrency yet. Year to date, MicroStrategy is up 500%.

Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre.

Click here for in-depth analysis of the latest stock market news and events moving stock prices

Read the latest financial and business news from Yahoo Finance

Original source:aol

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Aug 03, 2026