The world's biggest cryptocurrency has become one of the most eye-catching movers in the week
FILE PHOTO: A representations of cryptocurrency Bitcoin is seen in front of a stock graph and U.S. dollar in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/File Photo13 November 2024, 19:08 Bitcoin charged past the $90 000 level on Wednesday, as its relentless rally showed no signs of easing on expectations that Donald Trump as US president and his administration will be a boon for cryptocurrencies.
Smaller peer ether has similarly soared 37% since election day, while Dogecoin, an alternative token, promoted by billionaire Trump-ally Elon Musk was up more than 150% as the bitcoin frenzy extended across the crypto landscape. It is not clear how or when that could happen but the possibility drove a speculative surge in crypto mining and trading stocks.
Crypto investors see an end to increased scrutiny under US Securities and Exchange Commission Chair Gary Gensler, whom Trump has said he will replace. Trump also unveiled a new crypto business, World Liberty Financial, in September.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin breaks $81 000 on Trump maniaBitcoin soared to a record high on Monday on expectations that cryptocurrencies will boom under Donald Trump.
Read more »
Mpumalanga man fined R10,000 for vehicle finance fraud worth over R570,000After getting the car, the 40-year-old man failed to pay monthly instalments and when the bank tried to locate him, he could not be found.
Read more »
PayShap payment limit raised to R50 000BankservAfrica has increased the upper payment limit for PayShap transactions from R3 000 to R50 000.
Read more »
Dollar climbs as Trump makes early gains in exit polls; Bitcoin rises - SABC NewsThe dollar index rose 0.76% to 104.14 as of 0048 GMT.
Read more »
Harris, Trump locked in tight US presidential race as swing state results pendingBitcoin surged to over $75,000 as early returns appeared favourable for Trump on Tuesday night
Read more »
Bitcoin traders are betting on a Trump victorySome investors view bitcoin's rise as a sign that markets anticipate a victory for Donald Trump in the US election.
Read more »