Bitcoin breaks $82,000 for first time on Trump trades; UK government sells £1bn of NatWest shares – business live
Cryptocurrency more than doubles since January on hopes of lighter regulation; latest share sale takes UK Treasury’s holding in NatWest to 11.4%Bitcoin has broken through $82,000 on so-called ‘Trump trades’ – with investors betting that a second Donald Trump administration will be more favourable towards the cryptocurrency.Bitcoin, the world’s biggest cryptocurrency, touched $82,413 this morning, and is now trading at $82,105.Bitcoin always seemed a likely beneficiary of a Trump victory and so it is proving as the cryptocurrency hits a new record high.It’s not just the incoming occupant of the White House which has helped bitcoin, there have also been down-ticket victories for candidates who have a positive stance on the asset class. Notably, one of its main critics, Senate banking chair and Democrat Sherrod Brown, fell to his Republican opponent and a crypto fan Bernie Moreno. Continue reading...
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Cryptocurrency more than doubles since January on hopes of lighter regulation; latest share sale takes UK Treasury’s holding in NatWest to 11.4%
Bitcoin has broken through $82,000 on so-called ‘Trump trades’ – with investors betting that a second Donald Trump administration will be more favourable towards the cryptocurrency.
Bitcoin, the world’s biggest cryptocurrency, touched $82,413 this morning, and is now trading at $82,105.
Bitcoin always seemed a likely beneficiary of a Trump victory and so it is proving as the cryptocurrency hits a new record high.
It’s not just the incoming occupant of the White House which has helped bitcoin, there have also been down-ticket victories for candidates who have a positive stance on the asset class. Notably, one of its main critics, Senate banking chair and Democrat Sherrod Brown, fell to his Republican opponent and a crypto fan Bernie Moreno.
Continue reading...
