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Donald Trump's election last month sparked a cryptocurrency rally, with bitcoin's price hitting record highs. Weeks later, the momentum of that run seems to be waning, Bloomberg News reported Monday (Dec. 30).
Bitcoin (BTC -2.56%) is back in the zeitgeist. For better or worse, the leading cryptocurrency is gaining popularity once again after seeing a massive price increase in 2024.
This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. While both are considered to be high-risk when it comes to investing, the two have foundational differences that investors should know.
Key Takeaways
The Bitcoin price touched a new high amid clues as to how President-elect Trump may create a strategic reserve. The post Bitcoin Price Hits Record; Here's How Trump May Fund Strategic Reserve appeared first on Investor's Business Daily.
The BlackRock exchange-traded fund had low investor fees, but so did most of its rivals. The key was a very low markup, which attracted traders and ETF market makers.
Bitcoin is trading stubbornly below the $100,000 mark, putting the brakes on a blistering post-election rally.
Bitcoin is on its way to cap a big week, gaining about 9.3% over the past five days. The cryptocurrency breached the $98,000 mark for the first time on Thursday.
Bitcoin is approaching the historic $100,000 milestone, driven by Trump's victory, MicroStrategy's Bitcoin purchases and the introduction of options trading on ETFs.
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