Bitcoin

Bitcoin crosses $100,000 for 1st time: Will the rally sustain? 3 things to know

2024-12-05 07:00:00 UTC

Bitcoin has more than doubled in value since the start of 2024 and has risen by about 45% in the last four weeks following Donald Trump’s US election victory.

Bitcoin tops $100,000 as big rally sparked by Trump election win rolls on

2024-12-05 07:00:00 UTC

NEW YORK: Bitcoin has topped the USD 100,000 mark as a massive rally in the world’s most popular cryptocurrency sparked by the election of Donald Trump rolls on

Bitcoin hits all-time record high over $81,000 amid Donald Trump’s victory wave, gains 93% in 2024 | Stock Market News

2024-11-11 03:00:00 UTC

Bitcoin surpassed $81,000 for the first time, driven by US President-elect Donald Trump’s pro-crypto stance and a Congress supportive of digital assets. The cryptocurrency has surged 93 per cent in 2024.

bitcoin: Crypto frenzy: Bitcoin surges past 81K to record high on ...

2024-11-11 03:00:00 UTC

Bitcoin, the world's biggest and best-known cryptocurrency, has more than doubled from the year's low of $38505 it hit on Jan. 23.

Bitcoin reaches $80000 for first time on optimism over Trump - The ...

2024-11-11 03:00:00 UTC

President-elect Trump's pro-crypto stance and the Republican Party's strong performance in the election sparked a surge in investor confidence. The potential’...

Bitcoin nears $80,000 in weekend surge after Donald Trump’s return to the White House

2024-11-11 03:00:00 UTC

BTC's 4 percent rise extended its seven-day gains to over 16 percent, a rally fuelled by two major events: the election of Republican Donald Trump as the next US president and the Federal Reserve’s decision to cut interest rates by 25 basis points.

Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a public distributed ledger, called a blockchain, without central oversight. Consensus between nodes is achieved using a computationally intensive process based on proof of work, called mining, that secures the bitcoin blockchain. Mining consumes large quantities of electricity and has been criticized for its environmental impact.

Based on a free market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person. Use of bitcoin as a currency began in 2009, with the release of its open-source implementation. In 2021, El Salvador adopted it as legal tender. It is mostly seen as an investment and has been described by many scholars as an economic bubble. As bitcoin is pseudonymous, its use by criminals has attracted the attention of regulators, leading to its ban by several countries as of 2021.