US EditionThe Trump Bitcoin bonanza has only just begun
- The re-election of Donald Trump has turned up interest in Bitcoin, which had a strong year.
- Speculation suggests Bitcoin could exceed the $100,000 barrier soon, boosting its value.
- Trump has changed his stance on Bitcoin, now supported by crypto tycoons like Elon Musk.
4 Articles
4 Articles
The Trump Bitcoin bonanza has just begun
One of the main trading platforms collapsed, and its founder ended up being sent to jail. Two years ago, in the wake of the failure of the FTX, it looked as if Bitcoin had finally been exposed as a flimsy bubble, with the price plunging to just $16,000 in the middle of November 2022. And yet, it turns out that the critics of the digital currency, as so often, had celebrated its demise too soon. This week, Bitcoin hit $97,000 per unit, a fresh al…
This OG Bitcoin Investor Just Turned $120 Into $178M
A bitcoin (BTC) whale moved 2,000 BTC, worth $178 million, to Coinbase after holding their stash since 2010, Mempool data shows. The user first received BTC in 2010, when the asset was worth just $0.06 per coin and had a market cap of around $250,000. Trading volume at the time rarely topped $60,000 per day. Inflows to an exchange typically suggest that the BTC will be liquidated. The transfer follows a trend of dormant bitcoin wallets becoming …
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