Bitcoin was trading just shy of $90,000 Monday night after it blasted through the $80,000 level over the weekend.
hit pause on its rocket rally that began a week ago following the U.S. election, though investors should expect it to pick up again.edged lower by 1% to $87,440.88, according to Coin Metrics. On Monday, it rose more than 10%, to as high as $89,623.00 at night. Its price is expected by many investors to continue making fresh records on its way to $100,000 later this year.
While bitcoin has long been deemed a safe asset in Washington – that is, not subject to securities laws – the long tail of cryptocurrencies and crypto-related startups have been operating in a riskier grey area. "That's just shifted 180 degrees," Matt Hougan, chief investment officer of Bitwise Asset Management, told CNBC. "We're now in a positive regulatory environment, we now have tailwinds from that, and that comes in the case of a market that was already in a bull market … that's going to push us higher."was an outlier, however. It's been one of the biggest winners, up more than 135% since Nov.
Donald Trump Microstrategy Inc Coinbase Global Inc Polygon/USD Coin Metrics Dogecoin/USD Coin Metrics Ripple/USD Coin Metrics Ethereum/USD Coin Metrics Cryptocurrency Technology Breaking News: Markets Markets Breaking News: Investing Investment Strategy Bitcoin/USD Coin Metrics Shiba Inu/USD Coin Metrics Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Today: Bitcoin, Ethereum and XRP fall despite key partnership announcements in cryptoJupiter (JUP) broke out of its downward trend on October 14.
Read more »
Bitcoin Travel Directory | Travel around the world with Bitcoin and other cryptoDiscover and book your next adventure with our comprehensive crypto travel directory featuring a wide range of travel platforms with top destinations and accommodations.
Read more »
Michael Kors crossbody bag, regularly $282, on sale for less than $90Walmart has Michael Kors’ Women’s Small Leather Crossbody Bag in brown on sale for $87.98, a savings of $194.02 off the regular price of $282.
Read more »
Yankees Unsure If $90 Million Three-Time All-Star Will Contribute Next SeasonThe New York Yankees face a significant financial commitment to a four-time Gold Glover who might not take the field in 2025.
Read more »
Red Sox Insider Urges Boston To Keep $90 Million Key PieceWhat's next for the Boston Red Sox this winter?
Read more »
Limited-time offer cuts 41% off the Sony WH-CH720N, bringing them down to under $90Preslav Mladenov is a News and Affiliate Content Writer at PhoneArena who started on his tech journalism journey in December 2021.
Read more »