Tag #Bitcoin

theglobeandmail.com
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Bitcoin Surges Past US\$100,000 on ETF Approvals and Trump Win

Bitcoin's price exceeded US\$100,000 in 2024 due to SEC approval of spot Bitcoin ETFs, Donald Trump's election, and increased institutional investment, resulting in a US\$3.5 trillion crypto market cap but also creating winners and losers among crypto mining companies.

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56% Bias Score

Reduced Inequality
cnbc.com
🌐 85% Global Worthiness
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Bitcoin Surges Past \$100,000 After Trump Victory; 2025 Price Predictions Vary Widely

Bitcoin's price exceeded \$100,000 in December 2024 following Donald Trump's election win, driven by expectations of pro-crypto policies, ETF approvals, and institutional investments; 2025 price predictions range from \$80,000 to \$250,000.

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52% Bias Score

Reduced Inequality
cnbc.com
🌐 85% Global Worthiness
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Santa Claus Skips Wall Street: Market Down 1.2% Amid Weak Breadth and Rising Yields

The S&P 500's 1.2% drop since Tuesday marks the absence of the usual year-end "Santa Claus rally," driven by weak market breadth (58% of S&P 500 companies trading above their 200-day moving average) and rising Treasury yields above 4.6%, contrasting with the historical average 1.3% gain since 1969.

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44% Bias Score

Decent Work and Economic Growth
forbes.com
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Cryptocurrency Market Soars After US Election

Following the US presidential election, Bitcoin ETFs surpassed gold ETFs in assets, reaching \$129 billion by December 16th, driven by market euphoria and pro-crypto policies promised by the incoming Trump administration, leading to a significant price increase for Bitcoin and other cryptocurrencies...

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60% Bias Score

Reduced Inequality
forbes.com
🌐 90% Global Worthiness
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Musk Warns of U.S. Bankruptcy Amidst Trump's Bitcoin Reserve Plan

Elon Musk warns of potential U.S. bankruptcy due to \$36 trillion national debt, advocating for his "Doge Department" to cut spending, while President-elect Trump plans a national bitcoin reserve to alleviate the debt crisis.

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52% Bias Score

Reduced Inequality
cnbc.com
🌐 75% Global Worthiness
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Premarket Movers: Quantum Computing Stocks Surge, Honda Rises on Merger Talks

Premarket trading saw significant stock fluctuations: Quantum computing stocks (Rigetti +27%, D-Wave +5%, Quantum Computing +8%) surged; KULR Technology rose 11% after a $21 million Bitcoin purchase; Honda advanced on Nissan merger talks; Toyota and MicroStrategy also saw gains; GameStop fell; and R...

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32% Bias Score

Industry, Innovation, and Infrastructure
theguardian.com
🌐 85% Global Worthiness
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MicroStrategy's Bitcoin Bet: \$75 Billion Gamble

In 2020, MicroStrategy invested \$250 million in bitcoin; by 2024, this strategy increased its market capitalization to nearly \$75 billion, but this reliance on bitcoin also poses significant financial risks.

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48% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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Bitcoin Dips Below $91,500 Amidst Bull Market, Analysts Weigh In

Bitcoin's price fell below $91,500 on December 30, 2024, its lowest since late November, after reaching a high of over $108,000 on December 17, 2024; however, analysts cite a broader upward trend, institutional demand, and potential use as a strategic reserve asset as factors that could propel price...

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40% Bias Score

Reduced Inequality
cnbc.com
🌐 75% Global Worthiness
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Boeing Shares Drop After Deadly South Korea Crash; V2X Rises on DEA Contract

Following a deadly weekend crash in South Korea involving a Boeing 737-800, the country has ordered an inspection of all such planes operated domestically, causing Boeing shares to fall 3%; meanwhile, V2X stock rose 4.2% after securing a $170 million contract with the DEA, while other tech stocks li...

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44% Bias Score

No Poverty
forbes.com
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Quantum Computing Threat to Bitcoin and Global Encryption

Google's Willow quantum computer, while a significant advancement, does not pose an immediate threat to Bitcoin's encryption; however, a future protocol update is necessary to ensure long-term security, alongside a global effort to upgrade all encryption methods to withstand quantum computing.

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52% Bias Score

Industry, Innovation, and Infrastructure
cnbc.com
🌐 85% Global Worthiness
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Pro-Crypto Government Fuels Cryptocurrency Market Surge

The cryptocurrency market is experiencing a surge driven by a pro-crypto US administration and anticipated regulatory easing, with Bitcoin potentially doubling in price and Ethereum reaching $7,000 in 2025; however, the full impact of legislative changes may not be felt until later in the year.

Progress

48% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 75% Global Worthiness
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Fed's Rate Decision Triggers Bitcoin Price Drop Amidst High Leverage

The Federal Reserve's decision to maintain interest rates, rather than cut them, negatively impacted Bitcoin's price, triggering a 6% drop after $2 billion in leveraged positions were liquidated in a single day, highlighting the cryptocurrency's susceptibility to market fluctuations.

Progress

52% Bias Score

Reduced Inequality